Dutton Associates Announces Investment Opinion on BluePoint Energy
El DORADO HILLS, CA, December 15, 2006 -- Dutton Associates continues its coverage of Chapeau, Inc. d/b/a BluePoint Energy (OTC BB: CPEU - News) reiterating its rating of Strong Speculative Buy while increasing its 12-month price target to $2.40. The research note dated December 14, 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, both the recently announced planned conversion of long-term debt and current fiscal year guidance are major positives and most welcome at this stage in BluePoint Energy's development. Both events send signals to investors that BluePoint Energy's proprietary technology, combining cooling, heat and power (CCHP) modules with ultra-clean emissions utilizing its EnviroGen(TM) equipment could be the spark that leads BluePoint Energy to become a major player in the worldwide energy savings market. We reiterate our rating of Strong Speculative Buy and are raising our 12-month price target to $2.40 per share.
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.
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