CPEU News Dutton Associates Announces Investment Opinion on BluePoint Energy
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates continues its coverage of Chapeau, Inc. d/b/a
BluePoint Energy, Inc. (OTC BB: CPEU)
reiterating its rating of Strong Speculative Buy while increasing its
12-month price target to $2.80. The research note dated December 22,
2006 by Dutton senior analyst Richard West, CFA, is available at www.jmdutton.com
as well as from First Call, Bloomberg, Zacks, Knobias, Reuters and other
leading financial portals.
As set forth in the referenced report, BluePoint’s
recently announced additional projects with Macy’s
East Division of Federated Retail Holdings, Inc. are visible evidence of
Macy’s continued confidence in BluePoint’s
ability to employ state-of-the-art environmentally responsible energy
sources. BluePoint’s common stock has been
moving up in response to the recent announcements that include the plans
for elimination of long-term debt and additional contracts with Starwood®
Hotels and Resorts Worldwide, Inc. We reiterate our rating of Strong
Speculative Buy and, in consideration of these recent events, are
raising our 12-month price target to $2.80 per share.
About Dutton Associates
Dutton Associates is one of the largest independent investment research
firms in the US. 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
$33,000 prepaid for 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
7/09/2004. We do not accept payment of our fees in company stock. 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.
