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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
Bullboard Posts
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Comment by PetroExploreron Jul 18, 2016 2:11am
109 Views
Post# 25060803

RE:RE:RE:RE:RE:RE:RE:RE:The deal is economic by ripping off the debenture holders

RE:RE:RE:RE:RE:RE:RE:RE:The deal is economic by ripping off the debenture holdersGood points Pants.  Actually I reviewed the old news releases, and found they changed the offer from 12.5 common shares, to 50 common shares, and the change happened just two days before the meeting.  So there must have been some last minute negotiations.

The main point about that deal, was it wasn't a cash buyout at the bottom, but they were given shares and warrants, which would allow them some chance of recovering their investments in the future, unlike the TBE deal, which just allows alot of losses to be crystallized now, without any chance of some recovery.
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