Twin Butte Energy Ltd TBTEF

Updated Guidance

[pm1231]

For those who are trashing management for cutting the dividend and CAPEX, it is unwarranted. You are either a short term trader or short sighted investor and fail to see the big picture.  Management reacted to the prevailing uncertainty in the oil market and acted responsibly.  Cancelling the DRIP was also smart.  I will say it again, unless you have 6 million shares on par with Jim Saunders, you really have no business to be critiquing his decisions. 

As for my vote of confidence, I purchased 0.33% of the outstanding float over the last 2 weeks and am VERY comfortable with the recent direction management has outlined.   When I write my articles, I do so with some degree of conviction and do put my money where my mouth is.    I'm going to sit on my shares for 2-3 years.  There are many who will not have the balance sheet to survive this low oil environment and as I mentioned in a previous post, a strong balance sheet provides Twin Butte the ability to capitalize on market opportunities as they become available. 

In 2-3 years, with dividends reinvested, this will easily be a triple digit gain.