Blue Dolphin Energy Company (BDCO)

[mrholty]

It's good results. Down over 1q last year which is what people will focus on but it shows what happens when they run the plant with no downtime even in this world of lower oil prices. Margin as a percentage has seemed to stabilize in the last two quarters but of course the margin per barrel is less in absolute dollars.

Remember last year that they had a great q1 as well but had lots of downtime in q2 and q3. If they can get this fixed they should be earning almost 1.40/ share annually at current daily barrels per day. Once that is done they can focus on getting the daily volume up.

Still long.