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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
Post by bshort92on Nov 10, 2009 10:19pm
321 Views
Post# 16473590

Doing it right

Doing it rightRead the most recent press release from Crew Energy-CR. They spell out the issues confronting E&P's in the current environment. Its a sober assessment of being a driller yet they explain that they are growing and despite low commodity prices they lost only $7.3 million last Q. Analysts say the low NG price environment is going to dissapate and that the commodity will see better pricing going forward. With TBE set to release Q3 numbers in the next day or so I suspect that the low share price is factoring in a dismal Q3. The era of the new TBE gets launched with their first post BFR merger release. Yes insiders are buying albeit slowly and conservativly. How is TBE going to grow?, reduce debt and show investors that this outfit is going to evolve into an intermediate producer over the next 24 months. Stay tuned but don't expect too much clarity until an asset sale or two can reduce the debt load.
Bullboard Posts