Bakken Energy Corp. (BKEN)

[fawd]

Looking at HUGE revenues for the refinery! WAYYYYY undervalued at these levels.

7,057 Barrels Per Day, 2,576,000 per year is the capacity of the Green River Refinery as per the official 2006 Appraisal Document.


At current value ($104.35 per barrel) that represents $268,805,600 in revenue every year (if run at max capacity).


As of 2006, when oil prices were sitting around $50.00, the net margins for refineries located in the Rocky Mountain region was $7.67 per barrel, and therefore would result in $19,757,920 in profit. Because oil prices have doubled since 2006, one can assume yearly profits at 2014 values would be in the $40,000,000 range at the Green River Refinery.



Quote:
Normalized throughput is based on a projected annual production of 2,576,000 barrels per year, or 7,057 bpsd of crude oil


Quote:
The five year mean net margin for refineries located in the Rocky Mountain region ("PADD4") is $7.67 per barrel (2006). This represents the net margin income from the sale of petroleum products. After multiplying this net margin income to be capitalized is calculated to be $19,757,920 ($7.67 per bbl x 2,576,000 barrel per year).