Twin Butte Energy Ltd TBTEF

RE: Valuation

[bshort92]

I agree with the valuation assessment. I still want to see improvement at either Bruce or Princess or both. TBE needs another core property to show compelling upside to get some respect. The Frog Lake property is solid but the extra costs to truck the product out and its impact on earnings was surprising. They are working to get there arms around the transport cost issues. The efforts at Ansell will yield fruit only after a bounce in NG prices. Warm Eastern US summer weather helps to draw off some of the storage over hang that has trashed the commodity's price. An early, cold winter would be beneficial too. The debt load is now constrained so I see good things balance sheet wise ahead. Today was a non event typical buy the rumors sell the news reaction. At some point TBE will crawl back over $2 a share. With 128 million shares out this puppy is getting whipped around but eventually they are either going to merge with somebody or get sold to an intermediate...I think.