Blue Dolphin Energy Company (BDCO)

[RealDutch]

I should have posted this here but I don't think I have yet. I believe that 60% of the profits are coming from jet fuel. Only 25% from diesel and other heavy oils, and perhaps 15% from naphtha. Otherwise the Q2 and Q1 results don't make sense (we had a very high crack spread of $50 for diesel in Q2 which I didn't see in the results).

So, yeah, I don't know how much of that $55 they can capture. I have seen numbers close to 50% by other companies.

So if we assume $27.50 net profit (a bit of a guess) x 280,000 barrels in a quarter = $7.7M. Which should reflect 60% of overall profits. So the total profit should then be close to $13M. Which comes close to the Q2 result. Should be close. We do have an extra $20M in sales in Q3 Most likely.