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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 Aug 07, 2014 4:46pm
397 Views
Post# 22819750

RE:RE:RE:RE:MARKET'S ALWAYS RIGHT

RE:RE:RE:RE:MARKET'S ALWAYS RIGHTthats painting a pretty wide brush....no doubt there are some juniors that are speculative.... but that doesnt seem to be the case for Twin Butte - they are clearly funding thier dividend and CAPEX from cashflows with a stated goal to keep total payout under 100%....you are right many others fund thier dividend artificially (through debt, etc)....but even if you were to make the case that thier DRIP policy makes shares dilutive - my last read of thier annual statement suggests DRIP participation at around 10%....and they do not have balance sheet issues relative to other juniors (with debt to CF at about 1.8)...compare that with Lightstream or PWT who are at 2.4....

my take - TBE is your classic lower (relative) risk, but much higher reward candidate.....at these prices...(a big caveat).....
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Dealroom for high-potential pre-IPO opportunities