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10/6/10BPZ Resources Plans To Conserve Capital/ Limit Production Growth (Benzinga)

According to a recent report by Wunderlich Securities, after the recent negative results of at Albacora, BPZ Resources, Inc. (NYSE: BPZ) plans to step back to assess its assets. Wunderlich believes shooting seismic and other steps are the right decision as it should help conserve capital and hopefully provide more certain exploration down the line. However, with the capital conservation comes less production upside than previously expected. Wunderlich is maintaining its Hold rating...

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