Why the selloff in BQI?

rvilmur answered one year ago …

Since BQI is an oil stock with potential and no profits, it is hard to put a price on it when the price of oil is dropping rapidly. Oil stocks are being dumped right now including today after there are no serious reports of offshore oil and gas platform damage.

I hold some BQI and I plan to be patient and ride out this panic dumping. When stocks are basically sound with a potentially bright future, you probably should buy more to reduce your average cost. When? Look for oil prices to start going up again as it eventually will as peak oil is a fact and not a concept. Why did oil get to $147? It was because, when the demand was there, the oil producers had problems in raising output.