Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
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

Twin Butte Energy Ltd
Bullboard Posts
User Avatar Image
(0)
•••
Comment by oilnvstron Dec 23, 2011 10:11am
373 Views
Post# 19348357

RE: RE: Valuations

RE: RE: Valuations

I don't think TBE has to make aquisitions in the near term in order to grow the share price. First off the share price is low given the prospevtive dividend. TBE yields over 8%.Comparable situations yield 6 to 7%. This implies a stock price of about $2.75. Secondly their current heavy oil recovery rate is only 3 to 6%. Cyclic steam stimulation could increase production and the recovery rate by at least 50%. This could add a buck to the price over the longer term. It will take a year for us to see the results of EOR efforts, but I'm willing to collect my dividends and wait and see.

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities