GREY:TBTEF - Post by User
Comment by
bshort92on Nov 09, 2009 10:08pm
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Post# 16469577
RE: RE: Impressive Presentation!
RE: RE: Impressive Presentation!Insiders continue to purchase TBE shares. A hurricane since downgraded to a tropical storm in the US Gulf may be helping NG prices. TBE is getting some buying. Perhaps the trepidation is based on an uncertain Q3 of earnings to be released soon that is probably not going to be too robust based on low NG commodity prices and pre BFR closing numbers. Once a full Q of earnings post BFR merger takes place, a lifting of the shut in production at Pincher Creek (600 BOE/d), some more news on managements stated desire to sell some non core assets, perhaps more clarity on deleveraging the balance sheet, improving NG price deck, results on the first of many wells being drilled at Frog Lake for heavy oil etc etc. we might see the share price will get out of jail.