Twin Butte Energy Ltd TBTEF

Glad I'm out

[bshort92]

Some of us gravitating towards CR as TBE has lost upward momentum. No insider buying, increased Capex might not be that significant to earnings growth in a falling NG price environment, never did get word on the Jayar well...was probably a marginal well or worst case a flop (so much for the perceived technical prowess of TBE's engineering team), next weeks (assume) Q2 earnings will probably not be that good...that daily production isn't even 3000 BOE (Q1 numbers flimsy based on just 2500 BOE a day), Montney exploration is very expensive and time consuming (ask the OEX guys) therfore can't assume that the Brassey drill will materially impact the company,  Alberta properties hostage to the draconian royalty changes. Bottom line is take profits and go to something else. An entry in the mid 2's probably the way to invest in this issue.