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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
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Post by cigarbutt1on May 04, 2018 9:07am
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Post# 27981638

Afterthoughts

Afterthoughts

https://www.msn.com/en-ca/news/canada/cras-panama-papers-raids-targeted-oilpatch-fixer-with-half-dozen-offshore-companies/ar-AAwIOqj?ocid=spartanntp

The article describes a situation where a Canadian middleman was involved with the Long Run Exploration acquisition by Sinoenergy.

https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=8403708

https://www.bloomberg.com/research/stocks/private/person.asp?personId=28910493&privcapId=30373209

https://albertarecessionwatch.files.wordpress.com/2016/09/chinas-return-to-the-oil-patch20-5-17-gm.pdf

 

Given:

-some burdensome rules

-lack of correlation between rising oil prices and profitability for CDN operations

-the political and social inertia around the pipeline debate

-difficulty in carrying business as usual

 

I wonder if Chinese entities will continue to show interest for CDN O+G assets.

Unfinished business.


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