Twin Butte Energy Ltd TBTEF

RE: PANIC>>>>>

[bshort92]

Joanne is a well regarded analyst. Her tout of TBE at about $1.25 a share to its present $3 speaks well of her abilities to pick the issue. She did say FEL is a good outfit. FEL has beeen range bound from $3.50 a share to $5.50 a share the past few years. To be honest its been a laggard...bit of a pig...lots of debt and their properties are not that compelling. They just sold a chunk of NG assets to reduce debt.Joanne did not say she was buying TBE. Who knows... others are. I still say TBE can run to $5 a share. A pop in NG prices would help but a steady effort at Frog Lake combined with  good early results at Princess would help out. An upward revision to say 9000 BOE/d for year end 2011 would be great too. Remember  TBE forecasts just $82 million of debt by the end of the year on its corporate presention. All told Friday was a good day to get back over $3 a share. How long we stay there is anyone's guess. $90 plus a barrel oil sure doesn't hurt.