Yes.. but there are caveats that need to be considered.
I'm not going to try and tell the BDCO story here in a paragraph.. there are some excellent past postings you could go back and visit to get the quickest and best overall view (the good and the bad) of the company. History matters in the BDCO story so I think you would find it time well spent.
Here is the short answer but by no means the only part of the answer- Blue Dolphin saw an improvement in net income for the three months ended September 30, 2017, reporting net income of $3,945,519, or income of $0.36 per share. Comparatively, Blue Dolphin reported a net loss of $1,938,551, or a loss of -$0.19 per share, for the three months ended September 30, 2016. When I posted this info just before last Thanksgiving the stock was .10 @ share.
The biggest caveat would be a recent lawsuit BDCO was on the losing end of which is the bad news... but the good news is they're in settlement discussions with the awarded party and this didnt end in bankruptcy.
The refinery has proven under a much more favorable contract with a new supplier they can be profitable. If they can consistantly repeat those kind of results qtr over qtr that would put their yearly earnings in the $1.44 ballpark. At todays pps that puts them at a P/E of 1. Needless to say that is quite conservative.
It is unknown how the lawsuit settlement will be handled and it will effect the balance sheet going forward no question but there is no doubt the new contractual terms show a promising way out and a promising way forward.
I have gone on record that Im not a big fan of the CEO...but he owns 81% of the company stock and isnt going away anytime soon...so it is what it is.
Good luck,
Chevy
Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon. ~~Winston Churchill
