Twin Butte Energy Ltd TBTEF

RE: RE: Relax

[bshort92]

Fairly low volume sell off the last three days. Over reaction to geo political events: Libya, EU debt, Chinese inflation/valuations. If not something new. TBE is solid. The plan is still working and nothing has changed the past three days for them although the US oil pipeline hub is capacity strained at Cushing,OK.Looking forward Q4 earnings will hit in two weeks probably a slight loss due to soft NG prices but Q1 should be solid...great oil prices and confident that the extra money will show a good Q of earnings. Debt year end projected to be $82 million reflective of excellent balance sheet discipline. TBE is a takeout candidate...that has not changed although not a lot of M&A lately. When an issue goes from $1.25 a share to $3.45 a share in short order  you will get profit taking and an occasional pullback but this sell off is un related to 2008...different era, different properties, different mix oil/NG, new management for the most part even a different board. I think GMP believes in this story...if they loved it at $3.25 then they are ecstatic at $2.90 and I think they will re support once the correction subsides. They could be accumalating the shares for a suitor.