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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 Sep 23, 2010 11:22am
419 Views
Post# 17483708

RE: RE: RE: I don't know why .....

RE: RE: RE: I don't know why .....I think the whole market is schizo. Yesterday this issue trades close to 3.5 million shares and we are only up .08 on 13 times normal volume. Tells me we had a whole bunch of sellers who were either profit taking or failed to understand the magnitude of the late Tuesday announcement. You take that blockbuster well at Ansell along with the upside at Bruce and Princess plus steady producing assets at Frog Lake and Pincher Creek and that's why the buyers came in yesterday. Remember volume precedes movement. We will get this winter low volume up days as no shares will be up for sale when the realization kicks in that NG supplies might erode if weather gets cold or industrial demand picks up. We can only stay at this level so long. Why complain...if you believe the strategy is working then dollar cost average in and buy the issue. I'm not waiting for the sellers to walk away. I'll keep pecking away and then sell into the upticks...kind of like yesterday. The share price based on fliowing BOE's will get in line and it will quickly particularly after the November elections when the socialists get a serious voting out.
Bullboard Posts