Pump is on.
Greetings Traders,
Bayside Corp. (PINK: BYSD )
Some sectors have such rich depth in terms of profitability that as traders it is our priority to unearth as many plays as possible and capitalize by extracting gains.
This is part of our philosophy here at this newsletter which is why we are particularly excited about presenting our latest alert.
Operating in the rich oil fields of Texas and Mississippi, BYSD has been extremely busy snapping up marginal wells right under the noses of its competitors.
In the last 12 months alone, no fewer than 10 lucrative and producing wells have been added to BYSD 's operations.
This has sent market valuation soaring high above the clouds and generating a buzz among eager and bullish investors looking to add more cash to their ever-expanding wallets.
Now it’s your turn because the gain potential of this oil and gas play has never been more enticing.
Market valuation recently soared above 90% and 5-day volume has increased more than 700% .
If you are looking to add some green to your wallets then this play is it.
Don’t hesitate to start your research on this one – the big push for the sky is literally on its way.
About BYSD
BYSD (Bayside Petroleum Company, Inc.) is an aggressively managed energy exploration, development and production company in the process of building oil & gas reserves and production in some of the most prolific hydrocarbon bearing regions of the United States.
BYSD specializes in the profitable 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.
BYSD ’s management team has a proven record of success in the industry, and intends to foster rapid corporate growth through its ability to identify, acquire interests in, and rework oilfields that offer exceptionally attractive risk/reward parameters.
BYSD ’s applies its knowledge, experience and effective well-remediation technologies to achieve higher production volumes, longer well life, and more-efficient recovery of the proven and available oil and gas reserves in the fields/projects in which it has acquired an ownership interest.
Top Investor Highlights
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BYSD recently took a big step towards protecting shareholder value when it reduced its authorised share capital from 3,400,000,000 to 2,000,000,000 . Gordon Johnson, the company's Chairman was quoted as saying, "we are pleased to make this announcement as we continue to strive to increase shareholder equity in BYSD ."
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BYSD ’s gain potential has been making strong showings in recent trading and market valuation had a stunning breakout on July 18. A whopping 94% was added to the play’s market valuation.
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BYSD ’s scope for delivery of gains is ripe and the company has a RSI of 47.00 indicating ample room for bullish investors to make their move and capitalize on BYSD ’s gain potential.
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BYSD has rallied a stunning 90% on its 52-week low of 0.0021 with all the signs pointing to a continued uptrend .
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BYSD is one of the leading companies looking to make good on the oil and gas potential of the over 420,000 marginal wells spread across the country.
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BYSD ’s ownership and stakes in no fewer than 10 oil and gas fields in Texas and Mississippi represent a huge growth and revenue potential. Bullish investors have recently cottoned on to this fact and market valuation has responded in kind.
BYSD Extremely Well Placed for Profits with 5 Key Oil and Gas Wells
BYSD has shown investors in no uncertain terms that aggressive expansion is the name of its game. To that end the company has been very busy snapping up oil and gas fields in the rich Texan oil and gas basin.
Five key wells serve as the pillars of BYSD ’s strong strategic position:
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China, South Field
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Muscadine Field
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Alta Mesa, E. Field
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Gruy Field
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Government Wells, S. Field
BYSD Sees Strong Industry Outlook with Political Backing to Boot
Crude oil prices have traded in the $70-85 range in recent months. Many observers believe, as we at Bayside do, that the crude oil price will remain in the $65-90 level in the next few quarters, but we do not discount the possibility that crude oil could exceed $100 in 2010 if global economic recovery surprises on the upside.
Notwithstanding the extreme oil-price volatility over the past 12-18 months, steadily rising long term demand for imported oil by China, India and numerous other developing countries is forecast by many to keep upward pressure on global crude oil prices longer term.
For many years now, the shortfall in domestic oil and gas production has ensured a ready market for all domestic production, and that is not expected to change in the decades ahead.
In July, 2008, Senator Jim Inhofe and Congressman Dan Boren (both of OK) introduced the “Bi-partisan Marginal Well Production Preservation and Enhancement Act.” Regarding this important bill, NSWA (The National Stripper Well Association), a nonprofit trade association which represents producers and operators of marginally economic crude oil and natural gas wells in the United States noted: “Specifically the Inhofe-Boren legislation would increase the percentage depletion allowance for marginal (stripper) wells to 27.5 percent from 15 percent.
The passage of this bill would reduce the U.S. dependence on foreign oil by clarifying and streamlining government regulation, prolonging economic feasibility in the life of the well (making it profitable for a longer period of time), and enhancing production volumes from marginal wells.”
With such a bullish outlook for oil and gas, investor don’t need glasses to see BYSD ’s outstanding gain potential.
Clearly the bullish outlook is one of the reasons the play has been on such a powerful march northwards.
In order to unlock profits from this darling of an oil play, investor vigilance will be key so begin your research on BYSD right now.
Best regards,
Company quote: http://ih.advfn.com/p.php?pid=squote&symbol=bysd
Company Website: http://www.baysidepetroleum.com
Cheers,
THE NEW HOLEINONE TEAM
