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BPZ Resources Inc, US                                              BPZ NYSE           Report created on 6/13/11

 Current Rating             Last Close Price         Rating Reiterated on 6/13/11                                                                                                                                               Rating Accuracy
 Overview                            $3.33                       REDUCE                Rating History & Rating Accuracy                                                                                                  ?
                                                                                                                                                                                                                                      0.0%
 About the Current Rating                                                              This team has changed its rating for BPZ 1 time over the past 27 months. The direction for each team rating was correct for 0 of the 1 rating at the
                                                                                       end of each rating period, resulting in a rating accuracy of 0.0% and a TTM rating accuracy of 100.0%.
       Downgraded                  831 Days                              22.4%




                                                                                                  Reduce
                                     at Current              % Change since




                                                                                       Ratings
         from No Rating
                                         Rating         Current Rating Issued


 Team Member's Rating Information                                                                     CORRECT RATINGS




                                                                                       Accuracy
                         Rating Upgrade/                                     Rating
                          Date Downgrade Rating                          Reiterated                   INCORRECT RATINGS
 Ford Equity Research           3/11/11               No Rating
 Jaywalk                     5/30/11                  Hold               6/08/11       $10
 The Street.com              3/13/09                  Sell                6/12/11
 Market Edge                    4/11/11               Avoid               6/10/11
 ResearchTeam               3/04/09                   Reduce              6/13/11
                                                                                       8


                                                                                                                                                                                                                                     S&P 500 TR
                                                                                       6
 ResearchTeam Rating Performance (%)                                            ?

 Performance of the         60%
 ResearchTeam rating
 is calculated as if this                                                              4
 stock was purchased        40
                                                                                                                                                                                                                                             BPZ
 when the team had
                                                                                                                                                                                                                                            $3.33
 an Accumulate or
 Hold rating, and sold      20
                                                                                       2
 short when the team
 had a Reduce rating.       0
                                                                                                  1

                            -20                                                                            APR               JUL       OCT          JAN          APR             JUL             OCT              JAN              APR
                                                                                                           2009                                     2010                                                          2011

                            -40                                                                                                                         BPZ                                                   Over Rating Period
                                                                              Since                                                Upgrade or   Price ($) on   # of Days at         Rating           Total        % Change         Underperform/
                                      1 Month     3 Month       1 Year    1/1/2008                Date of Rating    Rating         Downgrade    Rating Date     This Rating       Accuracy          Return    in Benchmark       Outperform Index
    ResearchTeam for BPZ                 19.0       46.8        26.7          -8.0     1          3/04/09           Reduce                            2.72             831       Incorrect           22.4            95.1       Underperform
    Accumulate Ratings                       --        --          --           --
    Hold Ratings                             --        --          --        -39.1
    Reduce Ratings                        19.0       46.8        26.7         51.1
 BPZ                                      -19.0    -46.8        -26.7       -70.2
 S&P 500 Total Return Index                -5.6      -2.1        18.7        -6.6

  ? Help                                    Click here to see the report disclosures

© 2011 Wall Street On Demand, Inc.                                                                                                                                                                                                         Page 1
About Us                                                                ResearchTeam Methodology
 Wall Street On Demand is a 340-person design, development,              ResearchTeam is the consolidation of coverage from each research provider on the team, where a minimum of three providers must have
 deployment and hosting services company, dedicated to creating          recommendations for a company for ResearchTeam to issue a rating. If a minimum of three research providers do not have a rating for a
 solutions for the Financial Services industry. Our compelling,          company,then the team rating for the stock is “Not Rated”. All of the research providers must have unanimous Buy ratings for ResearchTeam to
 presentation-rich services for financial professionals and individual   issue an ‘Accumulate’ rating. It takes only one opinion to make any other rating. A single ‘Sell’ rating will make the team rating for that stock a
 investors have won acclaim for our clients.                             ‘Reduce’.
 Many of our client relationships span five or more years. As an
 independent aggregator of information, we maintain partnerships
 with more than 130 providers of market and financial content            How the ResearchTeam Rating Provides Greater Positive Performance
 including Thomson Reuters, Standard & Poor’s, Lipper, and
                                                                         ResearchTeam Members Inputs                                            ResearchTeam Engine                                                         Output
 Econoday. We support more than 1,800 data feeds. In addition,
 Wall Street On Demand counts many of these data providers
 amongour clients, developing and hosting their reports and web          TheStreet.Com
                                                                                                                                                     STEP 1                             STEP 2
 sites.
                                                                         MarketEdge                                                                  Historical Analysis                Rating Generation
 We strive to be the most competitive and comprehensive resource                                                                                     Identify the strengths             Leverage the providers’
                                                                         Jaywalk                                                                     of each ResearchTeam               strengths and apply them in
 for our clients’ technology needs. Our capabilities evolve
                                                                                                                                                     member by analyzing                combination to the providers’             Rating
 continuously as market trends change, putting us ahead of the curve     Ford Equity Research                                                        historical ratings                 ratings to generate the
 and providing our clients with the most innovative and compelling                                                                                                                      ResearchTeam ratings
 solutions.                                                              Standard & Poor's

 One of these solutions is ResearchTeam, which draws on our
 expertise in the areas of research data aggregation and analysis.       Research Providers              Team Members Ratings History           ResearchTeam Engine consists of 2 steps                                     ResearchTeam Rating
 ResearchTeam allows our clients to find the top performing research     The ResearchTeam is             An audited rating history for          Identify the strengths and weaknesses of each ResearchTeam member           A Rating that is more
                                                                         comprised of a group of         each individual research provider      and leverage that knowledge to generate ResearchTeam ratings                accurate on average
 providers, use them in combination, measure performance using           independent research            is archived for analysis by the                                                                                    than any individual
 various performance methodologies and strategies and to easily          providers                       ResearchTeam engine                                                                                                provider
 integrate analysis results through detailed reports, lists, stock
 screeners and rating change alerts for their end users.




                                                                         Disclosures
                                                                         Reproduction of Independent Research Products in any form is prohibited except with the prior written permission of Wall Street On Demand. Because of the possibility of human or
                                                                         mechanical error by Wall Street On Demand’s sources, Wall Street On Demand or others, Wall Street On Demand does not guarantee the accuracy, adequacy, completeness or
                                                                         availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. WALL STREET ON DEMAND GIVES NO
                                                                         EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no
                                                                         event shall Wall Street On Demand be liable for any indirect, special or consequential damages in connection with subscriber’s or others’ use of Independent Research Products.


© 2011 Wall Street On Demand, Inc.                                                                                                                                                                                                                  Page 2

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Bpz Resources

  • 1. BPZ Resources Inc, US BPZ NYSE Report created on 6/13/11 Current Rating Last Close Price Rating Reiterated on 6/13/11 Rating Accuracy Overview $3.33 REDUCE Rating History & Rating Accuracy ? 0.0% About the Current Rating This team has changed its rating for BPZ 1 time over the past 27 months. The direction for each team rating was correct for 0 of the 1 rating at the end of each rating period, resulting in a rating accuracy of 0.0% and a TTM rating accuracy of 100.0%. Downgraded 831 Days 22.4% Reduce at Current % Change since Ratings from No Rating Rating Current Rating Issued Team Member's Rating Information CORRECT RATINGS Accuracy Rating Upgrade/ Rating Date Downgrade Rating Reiterated INCORRECT RATINGS Ford Equity Research 3/11/11 No Rating Jaywalk 5/30/11 Hold 6/08/11 $10 The Street.com 3/13/09 Sell 6/12/11 Market Edge 4/11/11 Avoid 6/10/11 ResearchTeam 3/04/09 Reduce 6/13/11 8 S&P 500 TR 6 ResearchTeam Rating Performance (%) ? Performance of the 60% ResearchTeam rating is calculated as if this 4 stock was purchased 40 BPZ when the team had $3.33 an Accumulate or Hold rating, and sold 20 2 short when the team had a Reduce rating. 0 1 -20 APR JUL OCT JAN APR JUL OCT JAN APR 2009 2010 2011 -40 BPZ Over Rating Period Since Upgrade or Price ($) on # of Days at Rating Total % Change Underperform/ 1 Month 3 Month 1 Year 1/1/2008 Date of Rating Rating Downgrade Rating Date This Rating Accuracy Return in Benchmark Outperform Index ResearchTeam for BPZ 19.0 46.8 26.7 -8.0 1 3/04/09 Reduce 2.72 831 Incorrect 22.4 95.1 Underperform Accumulate Ratings -- -- -- -- Hold Ratings -- -- -- -39.1 Reduce Ratings 19.0 46.8 26.7 51.1 BPZ -19.0 -46.8 -26.7 -70.2 S&P 500 Total Return Index -5.6 -2.1 18.7 -6.6 ? Help Click here to see the report disclosures © 2011 Wall Street On Demand, Inc. Page 1
  • 2. About Us ResearchTeam Methodology Wall Street On Demand is a 340-person design, development, ResearchTeam is the consolidation of coverage from each research provider on the team, where a minimum of three providers must have deployment and hosting services company, dedicated to creating recommendations for a company for ResearchTeam to issue a rating. If a minimum of three research providers do not have a rating for a solutions for the Financial Services industry. Our compelling, company,then the team rating for the stock is “Not Rated”. All of the research providers must have unanimous Buy ratings for ResearchTeam to presentation-rich services for financial professionals and individual issue an ‘Accumulate’ rating. It takes only one opinion to make any other rating. A single ‘Sell’ rating will make the team rating for that stock a investors have won acclaim for our clients. ‘Reduce’. Many of our client relationships span five or more years. As an independent aggregator of information, we maintain partnerships with more than 130 providers of market and financial content How the ResearchTeam Rating Provides Greater Positive Performance including Thomson Reuters, Standard & Poor’s, Lipper, and ResearchTeam Members Inputs ResearchTeam Engine Output Econoday. We support more than 1,800 data feeds. In addition, Wall Street On Demand counts many of these data providers amongour clients, developing and hosting their reports and web TheStreet.Com STEP 1 STEP 2 sites. MarketEdge Historical Analysis Rating Generation We strive to be the most competitive and comprehensive resource Identify the strengths Leverage the providers’ Jaywalk of each ResearchTeam strengths and apply them in for our clients’ technology needs. Our capabilities evolve member by analyzing combination to the providers’ Rating continuously as market trends change, putting us ahead of the curve Ford Equity Research historical ratings ratings to generate the and providing our clients with the most innovative and compelling ResearchTeam ratings solutions. Standard & Poor's One of these solutions is ResearchTeam, which draws on our expertise in the areas of research data aggregation and analysis. Research Providers Team Members Ratings History ResearchTeam Engine consists of 2 steps ResearchTeam Rating ResearchTeam allows our clients to find the top performing research The ResearchTeam is An audited rating history for Identify the strengths and weaknesses of each ResearchTeam member A Rating that is more comprised of a group of each individual research provider and leverage that knowledge to generate ResearchTeam ratings accurate on average providers, use them in combination, measure performance using independent research is archived for analysis by the than any individual various performance methodologies and strategies and to easily providers ResearchTeam engine provider integrate analysis results through detailed reports, lists, stock screeners and rating change alerts for their end users. Disclosures Reproduction of Independent Research Products in any form is prohibited except with the prior written permission of Wall Street On Demand. Because of the possibility of human or mechanical error by Wall Street On Demand’s sources, Wall Street On Demand or others, Wall Street On Demand does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. WALL STREET ON DEMAND GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall Wall Street On Demand be liable for any indirect, special or consequential damages in connection with subscriber’s or others’ use of Independent Research Products. © 2011 Wall Street On Demand, Inc. Page 2