Blue Dolphin Energy Company (BDCO)

[snow]

downthehatch I thought there was a high risk that the party was over but I did not claim that it was. The reason was that I expected the relevant crack spreads would be much lower than in the past. So far I seem to be right in this respect as far as jet fuel is concerned. I checked the future crack spreads are concerned. They are very stable at about 20 dollars per barrel. This leaves little room for profits.

Based on the above and what has happened so far it was a big surprise why the earnings per share for the first quarter were so high. I have seen no good reason why the pps has been soaring ahead recently. I have seen no information that gives a good reason for expecting the future of this sort of business to be rosy rather than dim.
I sold my remaining shares to but a stock you recommended here - TMNA. That proved to be a total disaster financially. I bought well over 200 000 shares at an average price of more than 30 cents per share. The market now things that this company is an almost total swindle. The pps is about 6 cents. I sold all my shares at a pps not much above 6 cents. I invested the money I received in several stocks. Among these I bought 2,000 shares in this company at a pps of about 4.15 dollars. Percentagewise I am up nicely on those shares. I had almost 44,000 shares at one stage. At the current pps those shares would have had a nice value right now. The way the pps of this stock has been totally incomprehensible to me in view of the information that has been available relative to the business of this company.