Replies to post #3880 on Blue Dolphin Energy Company (BDCO)

[snow]

RD As you know (if I remember correctly) I sold my last 5,000 shares not long ago. Even if I had not found another investment opportunity where I am up about 66% already I might have hanged on with low expectations. One reason for that is that I checked the future crack spread for jet fuel. It was so modest that BDCO could only expect to generate modest profits. The year 2022 was probably exceptional when it comes to profits I think. The company will presumably remain profitable I guess but with much lower profits than last year. Long-term prospects are pretty dismal for oil refiners I think since it is in a sunset industry. I got a profit of a few tens of thousands of dollars from this investment but could have made very much more if I had read your private message when you sent it and not when the pps had soared to almost 2 dollars. I bought shares up to a pps of $ 2.38.