Bayside Corp. (BYSD) Receives Heavy Fuel Oil Purchase Orders for 1,200,000 M/T Annually Exciting news just came out today after the market closed! BYSD was pleased to announce that they had been awarded a purchase order of 3.6 million metric tons of heavy fuel oil exports annually. This is phenomenal news for the company and investors. About the News The order for heavy fuel oil represents as much as $160,500,000 in gross revenues every month for the next thirty-six months! This comes as just the beginning for BYSD as they have plans to build and expand to develop their own international oil and natural gas business.
Bayside Corporation is an energy exploration, development and production company building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States. The Company specializes in the business of reworking & re-completing 'marginal' oil & gas wells located in the thousands of mature oil & gas producing fields across much of the United States
Technical Analysis BYSD had a good day Tuesday, climbing up to over 24%! The stock price opened at $0.037 and saw a high of $0.046, where it closed. There was potential for significantly more profits however, because it dipped down to a low of $0.0032 intraday. Volume continues to impress traders; just under 3.8 million shares were traded, exceeding the previous two days. All of this movement was even before the news was announced - just wait to see what happens Technically AND fundamentally, BYSD is an exciting play!
