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Rodman & Renshaw Comments On BPZ Resources Results

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According to Rodman & Renshaw, BPZ Resources (NYSE: BPZ) announced results from a resource assessment on Block Z-1 (100% w.i.) prepared by Netherland Sewell (NSAI).

Rodman & Renshaw said that, excluding announced results from a resource assessment on Block Z-1 (100% w.i.) prepared by Netherland Sewell (NSAI). “Maintain Market Outperform and $7.50 target price. As we don't expect the market to give BPZ value for its exploration potential in the near-term, we have not been including any upside potential beyond Corvina and Albacora in our NAV. As a result, there is no impact on our target price.”

BPZ Resources closed yesterday at $3.02.

Posted-In: bpz resources Wedbush Rodman & RenshawAnalyst Color Analyst Ratings

 

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