Bayside Corporation (BYSD)

[General Ripper]

WTXR at $1.25/2yr/ago, When
Oil neared it's peak highs.. When the slide began soon after, many Smaller Producers started to scale back production.. Operational costs exceeded capacity to maintain market share competition with the really big Exxon players out there who can afford to keep producing at break evens or at a loss for extended periods.. For companies like WTXR this would be like producing oil for free.. Not saying WTXR used this approach entirely but certainly possible to throttle it back while waiting for higher prices.. At a glance, WTXR has held pretty steady in the .60-80 range so the current .35/pps would not only indicate just the lower price of oil like other producers, but inherent value in their undeveloped acreages and leases they currently hold..
IMO, WTXR in SS and price is what BYSD has been dreaming of all along..
Bottom Line: Any pumps on these 2 tickers involving multi-million dollar deals like the Technis deal did, and I'm all for it BC unlike Technis WTXR got legs like an Octopus.. Hell-Yeah, they even have an off shore rig where the Octopus lives..