Blue Dolphin Energy Company (BDCO)

[mrholty]

Company is borrowing $10M ($7M net)

Some good news hidden in the article.

with new equipment (recent capital spending) they have been running at 14000 bpd up from the 10-12k average over the past 6 quarters.
Great!

New loan will build tanks to increase storage which is needed as they plan to increase production from 15k to 30k bpd.


http://www.bizjournals.com/sanantonio/news/2016/01/05/blue-dolphin-secures-funding-to-expand-eagle-ford.html