Twin Butte Energy Ltd TBTEF

perplexed

[CapeBreton]

Not that I am complaining about the recent strength in TBE, but it is a bit puzzling. I know technically we have hit some moving averages and this may be helping, but it seems like TBE is really shining in this oil bounce. Maybe we were just hit too hard and the sp is moving where it should be, but I have to wonder if there is anything else that could explain such a nice bounce? The dividend is still attractive, unlikely to be cut again. Year end results are still a few weeks away. Volume has been healthy but not outrageous. No buzz about a takeover. Some insider buys but nothing monumental. Whatever the reason I'll take it and hope oil continues to climb and TBE gets back into reasonable valuations.