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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 Diesel44on Jan 01, 2012 1:32pm
362 Views
Post# 19363054

RE: RE: Big Activity

RE: RE: Big Activity

Arb's have been able to make a few cents selling TBE and going long an equivalent dollar amount of EME.  I'm guessing that's maybe why TBE's short position has gone up.  Myself I've sold my TBE to buy an equivalent amount of EME.  Fully expect to be getting my TBE position back when the merger goes through next week, and will pocket the change.  Shorts will cover when their long EME are converted to TBE and they'll also pocket a bit of change.

Bullboard Posts