Twin Butte Energy Ltd TBTEF

Did Oilconsultant Short the Debentures?

[PetroExplorer]

I sure hope the deranged guy didn't do something silly like short the debentures, thinking they were going to zero, then not cover when the trading was halted?  I guess we'll find out soon enough.  I'd have to feel a bit sorry for him, if he lost all his winnings from NWX.  I'll miss his constant cyber-bullying, on this board.

If there is going to be a corporate shell, which has alot of tax pools (the tax pools that certain posters say don't exist), then there may yet be some future recovery for shareholders.  I am not sure how this all plays out in receivership: there would have to be a final distribution, then a waiver of any more money owing.  Have to wait and see, if some group emerges to recapitalize the shell, and throw some properties into it.

I'll monitor the NWX board, as a public safety service, to caution people on potential looming steep production declines.  Need to keep an eye on these penny stocks, and keep them honest.

A stable $60+ price of oil, and this would have been a different outcome.  $50 was still a bit too low, considering the high operating costs of the assets.  Unfortunate that this price crash has continued to this day.  Starting to come back slowly, but not fast enough for Twin Butte.