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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 28, 2011 4:30pm
169 Views
Post# 18884900

RE: RE: Relax it is only 6.2%

RE: RE: Relax it is only 6.2%TBE's trading coming off a 6.2% cook off yesterday followed that day up being down again today. While it seemed like very energy issue in the secotor was up except for another dog with fleas, WFE, TBE continues to lurch in the depths of no upside, no insider buying, no insitutional buying, skeptical and reticent analyst coverage, a cryptic almost secretive effort underway supposedly drilling for Viking light oil, no operational updates and a schizo shareholder base that refuses to increase their positions perceiving no upside is on the horizon and a disasterous Q2 earnings announcement is a few weeks away that will speak of slow spring break up, high transport costs, a dry hole, too much water in a well, fragmented operational focus and a story that is not to be taken seriously despite guidance to 9200 BOE/d by year end, a reduction of debt to $70 million extolling a very underleveraged balance sheet, and six properties that all supposedly have merit but are ignored upon by possible investors. OK the plan is working, everything is great, investors should relax and not be emotional, just sit and wait and watch the issue underperform like the BC Lions. Great effort guys...investors like NVS.V, POP.V and DEE more than TBE. It's a broken record playing the same old song.
Bullboard Posts