I last wrote on BPZ Resources (NYSE:BPZ) in early February 2013 and in that article I concluded that while the company was a speculative investment, it offered risk tolerant investors considerable potential upside. Since then, the company's share price has fallen by 65% on the back of a declining crude oil price, proven reserves and production. But there are also a range of positive catalysts emerging, which have the potential to drive the company's profitability and share price higher. As a result of all of these factors, I have revised my indicative fair-value per share, and believe that BPZ now offers investors potential upside of around 100%.
Why BPZ has the potential to double in value
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