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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Twin Butte Energy Ltd
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Comment by ocean112on Jul 22, 2014 10:50am
474 Views
Post# 22769372

RE:RE:3 cheers to whoever takes out 1.68

RE:RE:3 cheers to whoever takes out 1.68perhaps - but management would not dare sell at current prices given thier current NAV - at a minimum - the premium to sell (without a full fledged shareholder revolt) would be 72% from current prices (ie. $3.00 per share) - which is close to thier NAV....

....so I don't see what surpressing the price does if that is what is taking place.  That said - it looks like one seller dumping large blocks (GMP Securities today)....still a great buying opportunity.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities