Momo Oil/Gas Name Blue Dolphin Energy (BDCO) Dropped to the Pink Sheets
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Traders have their eye on recent oil/gas momentum stock Blue Dolphin Energy (OTC: BDCO) after the stock was chopped down from the NASDAQ to the pink sheets.
Shares will begin trading today on the OTCQX tier of the OTC Markets under the "BDCO" stock symbol.
The company cited issues stemming from the acquisition of Lazarus Energy, LLC, which the NASDAQ staff determined qualified as a "Business Combination." Net income qualifications are also said to be to blame.
Shares fell about a point on Monday but are still more than double since the start of the year.
Shares will begin trading today on the OTCQX tier of the OTC Markets under the "BDCO" stock symbol.
The company cited issues stemming from the acquisition of Lazarus Energy, LLC, which the NASDAQ staff determined qualified as a "Business Combination." Net income qualifications are also said to be to blame.
Shares fell about a point on Monday but are still more than double since the start of the year.
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