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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 by User

Bullboard Posts
Comment by bshort92on Aug 13, 2009 5:03pm
303 Views
Post# 16217287

RE: RE: RE: RE: RE: final 30 minutes

RE: RE: RE: RE: RE: final 30 minutesMud: I agree but why?

1) Is the accumalation by GMP and a few other market makers in anticipation of a run up in NG prices?
2) TBE is going to merge therefore allowing Fitzpatrick, Saunders and team to stay on board and work TBE to a 15,000-20,000 BOE a day intermediate producer and that merger retains TBE's $190 million plus of tax losses.
3) TBE is going to get purchased by an energy trust or for that matter another publically traded concern.
4) TBE is selling off its BC assets in favor of going full bore in Alberta particularly at Ansell to produce results much like what ONR is doing nearby.
5) TBE has cut a deal at its Montney properties:Kelly and Brassey to sell, partner or merge with as a separate entity.
6) None of the above its just smart savvy investors buying quality, adequately leveraged, undervalued outfits with solid management and producing assets.
Bullboard Posts