Blue Dolphin Energy Company (BDCO)

[snow]

Ecomike "The debt reduction has been on going monthly, the debt has already been restructured out farther and at good rates, taking any short term debt risk off the table." Generally this is a valid point that justifies a substantially higher stock price than what was justified when the finanial position of BDCO was precarious.

The point is however that this improved financial position has alreade been reflected in the stock price being up by more than 1,000 since its low in the last couple of years. Net assets per share now about one third of the stock price. For this sort of company net assets areimportant when it comes to a fair stock price.