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S&P 500
5,618.26
(
-0.29%
)
US TECH 100
19,247.60
(
2.07%
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Dow Jones
41,503.10
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-0.25%
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Brent Oil
73.61
(
1.69%
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LouisDesyjr

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LouisDesyjr

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Saturday, 03/11/2017 7:44:34 AM

Saturday, March 11, 2017 7:44:34 AM

Post# of 887
Price of oil going nowhere - $50 or lower

It looks like the price of oil is going nowhere for a while.

BKKN 10Q for quarter ending 09-30-2015

Base on the latest 10Q for the period ending 09-30-2015, the company is losing about $100K per quarter.

Equity was $6.6 million, and losing $100K for the five quarters since then, puts the equity at $6.1 million, around where the stock is trading now.

Louis J. Desy Jr.

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