My Top Stock Pick For June 2008 ! going higher!

BPZ Resources rallies on Shell pact in Peru
By Steve Gelsi

BPZ Resources Inc. (BZP:

BZP 27.77, +3.34, +13.7%) on Thursday said it reached a memorandum of understanding with a unit of Royal Dutch Shell (RDSA:
royal dutch shell plc spons adr a
RDSA 78.83, -0.52, -0.7%) to develop oil and gas ventures in Northwest Peru. Shell Exploration Company (West) B.V. (Shell) will commit to an exploration and appraisal program worth up to a proposed $300 million. Regional power generation, gas supply for local and regional industry and liquid natural gas production are all in the works. Shares of Houston-based BPZ jumped 14% to $27.88 in recent trades.

June Stock Pick ( BZP ) 2008

BZP stock price 26.10 a share , Target price is 35.00 by summer end . Jim Cramer! (Mad Money) has hit a grand slam with his "wildcatting" series, and he deserves serious credit for highlighting this sector, and this company. Jim has zenned the single biggest story in the economy going forward, and I believe these small, exploration companies may actually be poised to run for a generation.Play on "Soaring OIL." Good Spec. Play although it's a bit more risky being in Peru with the ever possible government involvement. with a devastating economy crisis, this stock is surely to outperform SP500 very soon.has estimates of producing 11000 barrels of oil a day by this time 2009 and has 48000 acres of untapped land in Peru.The need for alternate energy sources is top priority for most Americans right now. Looks like a good time to invest in exploration.