Posted:
#1
stock down to $1.70 tuesday 11-20. new 52 week low and more than cut in half since late August. might be a decent speculation here.
BDCO. how can you lose $$$ producing oil and gas?
Views: 320
Posts: 4
Posted:
#2
Rat,
I dont get it either..
The only thing I can imagine is the economies of scale..they are a small fish and getting parts/supplies and laborers could be quite costly..plus if they dont have a pipeline to deliver I imagine it could be VERY tough cost wise.
Check out a stock like DPTR..they have losses all the time, yet all the prospects in the world gas and oil wise.
I dont get it either..
The only thing I can imagine is the economies of scale..they are a small fish and getting parts/supplies and laborers could be quite costly..plus if they dont have a pipeline to deliver I imagine it could be VERY tough cost wise.
Check out a stock like DPTR..they have losses all the time, yet all the prospects in the world gas and oil wise.
Posted:
#4
they are a pure E&P company that also has a pipeline operation, Toadyrock
(some basic research would have told you that) https://www.marketwatch.com/tools/quotes/profile.asp?symb=BDCO&sid=45413
new 52 week low @ 1.15 (afterhours) thursday 11-29. stock has really been clipped since September 
you are correct about the pure refiners like Valero and Sonoco but Exxon/Mobil has oodles of their own production.
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