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Bullboard - Stock Discussion Forum Twin Butte Energy Ltd TBTEF

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 Discussion

Twin Butte Energy Ltd > Twin Butte Stock Price
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Post by claudia on Mar 04, 2021 6:41pm

Twin Butte Stock Price

The banrupt company TBTEF remains in my registered account.  I have not had it removed from my account since it was declared bankrupt.  Can anyone please tell me why the stock price continues to move between zero and .015 cents.  I assumed it would be automatically removed from my account in time, but it has not.  Also, was this company sold off in February 2020?  Very confused about the price action.  Thanks, and regards ...
Comment by Hendrick3 on Mar 14, 2021 7:44pm
Whatever you do keep the shares. Banks are notorious for suggesting you give your shares away so that you can claim the loss. That is a lie. You can claim the loss and still keep your shares through an election with the CRA. Google it for more info.  the banks have taken many people's shares this way and if there is an eventual sale, you have no recourse. If someone wants to buy your ...more  
Comment by JayBanks on Mar 31, 2021 10:09am
I own 11,000 shares of this and for ten minutes it showed the price jumped to .0281 and now back down to .005... I have notice for years it's been moving around a bit almost daily... I have talked to my bank about a year ago and they told me it's dead and they don't know why the value has been changing in the system. They emailed me a form (at my request) to write the shares off and ...more  
Comment by Hendrick3 on May 18, 2021 1:14pm
West lake bought oil and gas properties from TB not the company. The company still exists with tax pools and possibly some other minor assets. The fact that the shares are trading are proof the company still exists. As a shareholder, you must be notified if someone plans to buy the company and you would have to agree to the price or st least a majority of shareholders would have to agree. Just ...more  
Comment by JayBanks on May 20, 2021 3:17pm
As a public entity are they not required to give us shareholders a contact and update us on the status of what we still hold? I keep pretty much every piece of mail I get from my companies (only things I throw out is from PSEC in the US when management wants me to vote to allow them to sell shares below NAV), I've just gone through my TBE file and last mailing I got was the year end filings ...more  
Comment by ayashifx55 on Jun 08, 2021 9:20pm
at this rate, we can't even buy a nice mcdonald meal lol