Thursday, May 30, 2013 12:55:10 AM
BAYP is extremely undervalued with the way things are setting up. A huge rise in PPS seems to be gearing up on the way to a fair valuation with another one or two substantial PRs. The news BAYP has been releasing recently and the news expected to come should be way too good to not start a breakout/huge run etc.
The o/s is maxed out as the company needed funds to purchase even more wells. The company will not be able to put any more shares on the ask now and as they have clearly stated, they will not be doing a R/S. BAYP will now have revenues coming in this year from multiple places. Yes revenues and BAYP is at these levels. The new ticker, tier upgrade to current status etc.. support that management is turning things around and getting this going in the right direction.
Big weeks will come with all of this going on here. Read the recent PRs and determine yourself whether there is any reason to think what BAYP is saying is not true. Then look at the current valuation. Good luck to all.
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