Lightstream Resources Ltd. LSTMF

RE: RE: PBN vs. CPG:

[CravenRaven101]

The upside on PBN... is simply the long life assets... absolutely Bakken decline rates are very high...in the first couple of years of production... then... they hold relatively firm over the course of 20+ years... (EOR schemes not withstanding) So.. once the majority of drilling is done... and all the wells hit payout... PBN becomes a cash generating machine with those assets...once again EOR not withstanding...So in my opinion... the real value of PBN won't be revealed for at least 5 years...

IN response to RYD adding to CPG's bottom line... THAT is not likely... RYD was essentially a mineral rights holding company.. they found themselves in the hands of CPG by virtue of their inability to pay their share of drilling costs...

I am well aware of the RYD story... bought in  at 6 cents... had pegged them for near $2.00... BUT CPG's guille saw them swallowed for what was it 42 cents??? WHAT a steal... Kudo's to CPG mgmt for their maneuvers...

In any case... I find it odd that I now defend PBN... in hindsight... I am not offering that PBN WAS a good avalue at it's IPO... back then I openly stated mgmt would be the reason share price would drop... I suggested that it would be a year or more before these fellas got their legs under them and learned what it takes to run an intermediate... well it's been just over a year...another 6 months or so will tell if they have learned anything...in any case at it's current price... it offers good value as a spec... I Fully expect the Dividend to be shaved... and the stock price to rise because of it... what the street wants is for management to SHOW they are willing to make the unpopular and tough decisions...IF PBN can do that... then I'm sure the investment community will reward PBN

It's My opinion git yer own.