GREY:TBTEF - Post by User
Post by
bshort92on Aug 06, 2009 10:51pm
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Post# 16198508
From the corporate presentation
From the corporate presentation"The Company is committed to growing into a strong junior/intermediate E&P company, with production of over 15,000 boe/d over the next two years. " Now ask yourself is TBE the hunter or the hunted? That's why I say TBE needs to buy someone and their production now with depressed share prices and NG prices to boot. Go read ONR's Q2 earnings report and outloook going forward. Its spot on and just illustrates the present state of NG drillers. Rig counts have cratered, Storage is maxxed out. Yeah the TOG deal got done due to the oil factor and its drilling upside in the Bakken. But you have to look six months maybe even a year ahead and that's why a deal has to and will get done if TBE intends to fullfill its stated committment.