Twin Butte Energy Ltd TBTEF

RE:scottie, try to use your brain... LOL

[TheMustangKid]

When oil was trading at $60/barrel Tbe sp was about 74 cents/share and they were still paying a dividend without any going concern for survival.  It wasn,t until the oil price dropped out and the lenders decided to redetermine the credit facilities at decade low oil prices that they were forced to cut dividend and initiate the strategic alternative process sending shares downward.

You say that it is 6 pennies or nothing, and that people should not be looking for a fantastic gain.

In my opinion, If oil continues to rebound I see no reason why the lenders would not be willing to look into other options such as restructuring or extending deadlines for the debt should the deal be voted down.  At that point I would think it would be better to start milking the cow again to get their money back rather than send it to the slaughter house (bankruptcy) and try to salvage whatever they can.

If debt is restructured and credit redetermined at higher oil prices would the value of the sp not increase significantly from where it is with the posibility of bankruptcy off the table?  If not imeadiately then how about when oil starts climing higer say $60, $80/barrel,  as long as the company survives  we can wait for our fantastic gains.