MC/EV per Schwab US 11-8-14 - 12-3-14 | BPZ Message Board Posts

BPZ Resources, Inc.

  BPZ website


    30% off entry-level Bronze Patron packages (retails for $250 - reduced to $175)
    includes 2 yrs of Premium Plus service & locks in 30% discount for any future Patron upgrades

    Only 22 spots available (first come, first served)

    BONUS expires at 4 pm ET
    Purchase your spot before close of market today
    & get an extra year of Premium Plus service absolutely free!

    CLICK HERE to become a Bronze Patron now

BPZ   /  Message Board  /  Read Message



Rec'd By
Authored By
Minimum Recs
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  10228 of 10232  at  12/3/2014 4:46:48 PM  by


 In response to msg 10223 by  bullhonky
view thread

Re: MC/EV per Schwab US 11-8-14 - 12-3-14

 Timely, huh!?? Wunder/Wonder/Wander lick didn't see this last month? or the month before. How about when it was @$3 +  did they advise selling then?? when it was ABOVE their NAV?? UFB. I still don't know what to make of BPZ - The Z1 drilling with PacRub hasn't justified the expenditures, imo. Not sure how many millions they've burned with PacRub, but the mediocre production results have to indicate something to these guys. Granted, I've no idea how much these 8k ft offshore wells cost and I guess they have sunk costs in the facilities. It's like that $75 mil at the end of 3Q is essentially "spent"/squandered/used in a manner that does not create value. Puzzling.
BPZ Energy downgraded to Sell from Buy at Wunderlich
8:53 AM ET, 12/03/2014 - Wunderlich downgrades BPZ to Sell from Buy with a $3 NAV. The firm says. there is no way that they can reasonably forecast how this search for strategic alternatives will unfold. In a best case scenario, the company could find a buyer and pay back its indebtedness. But it is impossible to get a handle on how long this process could take. Firm says their NAV remains at $3, and represents their view of the company's break up value. They used crude price assumption of $92/bbl for Brent, which looks too high now in light of OPEC's decision not to cut its production quota last week. A sensitivity analysis using $77/ bbl for Brent yields a NAV of $2 per share.
Market Capitalization (Micro Cap)$41.5M
Enterprise Value$174.7M
Shares Outstanding118.7M
Shares Held By Institutions50%
Short Interest (as of 11/15/2014)17.5%

     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 1     Views: 881
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 All rights reserved. User Agreement
Financial Market Data provided by