Bri-Chem Corp T.BRY

Two Charts You Should not be Without

[nozzpack]

Currrent WTI price is $73 which is very close to 2018 levels.

At that time, BRY was trading in the $0.60 to $0.70 range but carried a huge debt overhang.
Subsequently, oil prices began to decline along with BRY revenues until by Q4 of 2020, quarterly revenues were less than $7 million.

During this time period, Debt was being paid down and is now much lower than in the past 5 years.
Revenues have begun to increase  but lagged to the price of WTI by  several quarters.

As that happens, BRY should rise to its former highs in the $0.65 to $0.70 range




5 Year WTI price chart

 

https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart

 

 

5 Year BRY Price Chart

 

https://stockhouse.com/companies/quote?symbol=t.bry


Year              Q1 WTI Price       Q1  Revenue     Q1  Debt

2018                   $68                    $35 m                 $42m
2019                   $53                    $26 m                 $35 m
2020                   $46                    $21 m                 $20 m
2021                   $64                    $12 m                  $12m 

[nozzpack]

I meant to add that since Q1 of 2018, SGA expenses have been compressed from $4.3 million to $1.3 million in Q1 of 2021. Despite a substantial drop in the price of oil and customer demand, gross margin has increased from 16% to 20% during this same period. With oil prices and drilling activity ramping up, Brichim is well positioned to return to robust levels of profitability.