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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 Jul 26, 2011 12:46pm
214 Views
Post# 18874013

RE: Everyone needs to relax

RE: Everyone needs to relaxThere is no evidence of shares being accumulated. Insiders are not even buying save Jim's 22,000 share purchase. The NAV and CF are compelling and should improve as will the production and reserves you would think.Makes you wonder why the malaise is so long and protracted since 3/31. No high volume days to speak of. Op's updates help the story. Wouldn't the supposed seven wells being drilled at Esther add some life? Its not even mentioned in the recently updated corporate presentation as if a Viking light oil focus shift is a big secret. OK the high Canadian dollar is offsetting $100 WTI. But its seems a forgone conclusion that we are being set up for a lousy Q2 of earnings based on slow spring break up, production slowdowns, high transport costs, unfavorable exchange rates etc. I'll mix a stiff drink and pop a valium if we could just get some clarity. Is that too much to ask? I mean the steep May/June short selling was not evident in any other Canadian Jr E & P issue with the length and depth of TBE's. It was quite extraordinary.
Bullboard Posts