PTA firming up.. seriously mouse. How long have you been a holder or are you window shopping here.. Never really had a day that wasnt really firm here in a few months. The proverbial fix is in, production is just going to grow... and NAV doesnt mean much in this market, more important to use relative valuations as compared to its peers.. There has been some takeover activity in Columbia and that to me is the best indicator of true value in this particular market.. going prices were about 45k a flowing barrel.. of course one has to consider if deals were all cash or stock or a mix, and then make a judgement on reserve and product quality as well.. id give PTA higher marks than the latest takeover candidates.. that is Id use a figure higher than 45k a flowing barrel of production and then net out the debt and cash.. and then one can get a crude market value for a particular energy company.. RAPID... ive been saying for a few months now, that number.... and its about 50 percent higher than what youre mentioning here... thats a year end 2013 number... in my opinion, or if it happens a number for the 3rd or 4th quarter if a suitor comes knocking.. Oil is much easier to work with then a mining project.. just ny opinion... have a nice weekend.