Blue Dolphin Energy Company (BDCO)

[downthehatch]

I've got a huge position here- about double RD's.... and also putting $$ into AMPY, a Houston-based oil and nat gas producer. They took a huge hit about a year and a half ago when their pipeline off the CA coast was ruptured by two ships that dragged anchors across it.

They are close to re-opening that pipeline, have lots of assets in the ground, and are likely going to recover from the shipowners much of what they lost due to those anchor strikes. Also a #1 pick of my new favorite analyst of undervalued, non-correlated stock plays, Chris DeMuth of Sifting the World on Seeking Alpha.

I really like BDCO as a pure refining play, but I really wish they would announce more debt reduction!!!