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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 Mar 05, 2012 3:27pm
416 Views
Post# 19628703

RE: RE: RE: It's not just TBE

RE: RE: RE: It's not just TBE

Roughly 11 million shares have changed hand since the $3 "wall" was hit 2/16. That is less than 6% of TBE's float of 191 million shares out. It is not a good situation to have the traders manipulating 6% of the shares with 15% downside to that mix.It basically makes a mockery of the monthly dividend and defeats the purpose of it if the shares can't attain any capital appreciation with it. Eventually something has to give.

Bullboard Posts