Peru-Focused BPZ Resources Is On The Verge Of A Turnaround; Has 40%-Plus Upside

This article was originally published by Seeking Alpha on March 25, 2014

By Sarfaraz A. Khan. Research assistant: Gohar Yousuf

Summary

·         BPZ Resources has developed only a fraction of its properties.

·         The company has a disappointing track record but is eyeing a turnaround on the back of higher production.

·         The company has already given the first solid evidence of a turnaround, is nearing profitability by Q1-2015.