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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 07, 2012 11:33am
400 Views
Post# 19638371

RE: Reason for downdraft

RE: Reason for downdraft

Does the Enbridge outage effect TBE if the production is hedged at over $98 per boe? Is $105.75 oil enough to scare investors into selling the shares over 15% in the last three weeks? Are investors reluctant because of a perceived delay in getting Q4 numbers and 2011 reserves publically disclosed? Are investors concerned that TBE will announce a Q4 earnings drop much like CR who lost $140 million in Q4? Is the monthly dividend going to be threatened by an issue like production and/or transport issues not previously publically disclosed? Something has triggered this downdraft and right now investors are not motivated to invest in an issue yielding over 7%.

Bullboard Posts