Maybe so on BDCO but I don't think many were expecting that. At least I wasn't. I mean these guys haven't even put out an earnings PR yet.
Balance sheet has improved dramatically this year. From a shareholders deficit of ($23,627,000) on 12/31/21 to a positive $1,003,000 on 9/30/22. And it will only continue to improve as they crank out these big quarters.
My main concern is how long do the boom times last for BDCO. Diesel crack spreads have been sliding lately, but could shoot higher again.
BDCO a small position for me, but I like the gamble. Think it could recover to the $1.50-$1.75 range soon. And if things go right over the next few quarters, maybe double or triple.
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