Message #4 From:
Stock News Bot Date: October 24, 2006 09:00:00 AM
CPEU News Dutton Associates Announces Investment Opinion: BluePoint Energy Strong Speculative Buy Rating Maintained By Dutton Associates
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of BluePoint Energy (OTCBB:CPEU)
maintaining a Strong Speculative Buy rating and a $2.10 price target.
The 9-page report by JM Dutton senior analyst Richard W West, CFA is
available at www.jmdutton.com as
well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other
leading financial portals.
On March 2, 2006, we increased our rating for BluePoint Energy to
Speculative Buy with a 12-month price target of $1.00 per share. The
increased rating was in response to BluePoint’s
announcement of an initial Discount Energy Agreement with an operating
company of Starwood Vacation Ownership, Inc. On May 25, 2006, BluePoint
joined with URS Corporation to respond to a request for qualifications
(RFQ), solicited by the State of California Department of Corrections
and Rehabilitation (CDCR), to provide energy conservation services to 33
adult institutions and 7 juvenile justice facilities. BluePoint
announced on August 7, 2006, the signing of a 10-year Master Discount
Energy Purchase Agreement with the Macy’s East
division of Federated Retail Holdings, Inc. The shares were upgraded to
Strong Speculative Buy. Now BluePoint Energy is at the execution phase
in its progress toward complete commercialization of its EnvironGen
Energy Modules to meet the energy savings needs of many government and
commercial entities. We believe that BluePoint is on the cusp of
national and world-wide recognition as the go-to-corporation to provide
low cost capital energy saving equipment. It is too early to present an
income model for BluePoint Energy; however, we will be monitoring
BluePoint’s progress in the coming months, as
events unfold with the URS response to the CDRC’s
RFQ.
About Dutton & Associates
Dutton & Associates is one of the largest independent investment
research firms in the U.S. Its 31 senior analysts are primarily CFAs,
and have expertise in many industries. Dutton Associates provides
continuing analyst coverage of over 140 enrolled companies, and its
research, estimates, and ratings are carried in all the major databases
serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US
$39,500 prepaid before commencement of our research activities,
consisting of 4 Research Reports, typically published quarterly, and
requisite Research Notes. Dutton Associates received $58,000 from the
Company for 8 Research Reports with coverage commencing on 7/29/2004.
The Firm does not accept any equity compensation. Our principals and
analysts are prohibited from owning or trading in securities of covered
companies. The views expressed in this research report accurately
reflect the analyst's personal views about the subject securities or
issuer. Neither the analyst's compensation nor the compensation received
by us is in any way related to the specific ratings or views contained
in this research report or note. Please read full disclosures and
analyst background at www.jmdutton.com
before investing.
