Lightstream Resources Ltd. LSTMF

RE:RE:Hey shorties! Had to move from 16 to 18 cents bids huh?

[emmitt]

Why are posters talking book value on oil and gas stocks???? How does Protrading get a $3 billion valuation????They are now flowing approx 24k per day and declining. Only 16k of that is liquids. I would love to see what metric would get you 3 billion.  Even at $80k per flowing barrell of liquid production your only getting 1.28 billion for your liquid production, I think more realistically they would get $70-$75 for the liquid production...which would give them 1.1 to 1.2 billion. 
That leaves them with 8k in gas and 400 million in debt still. That 8k in gas is not even woth 400 million. This company hasn't soild because it can't right now, it's only hope is higher prices. They have more debt then assets. They may end up with a deal like Legacy or Twin Butte and the price will drop accordingly. I wish there was an intelligent argument for the bull side, but I just haven't heard it. 
Good luck