With the recent offshore pre-salt oil discoveries in Brazil and the ongoing Colombian oil boom, oil exploration and production in South America is firmly on investors' radars. This has seen a number of micro and small-cap exploration and production companies commence operations in the region and the boom spread to neighboring Ecuador and Peru. One of these companies is BPZ Resources (BPZ), a small-cap oil exploration and production company operating in Peru and Ecuador and domiciled in the U.S. with its head office in Houston, Texas.
Investing in micro and small-cap oil exploration and production companies is fraught with risk for investors, typically because they lack the resources to weather a sustained fall in the oil price...
Only subscribers can access this article, which is part of the PRO research library covering 3,553 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: