Twin Butte Energy Ltd TBTEF

RE: RE: Read the Q1 earnings release

[bshort92]

Oil prices are important but consider TBE's active and effective hedging strategy. Trading across the board is crummy today. The whole sector is melting down again.TBE is rolling. Earning close to $15 million in Q1 that is 1/3 of what BTE made and yet BTE has four times the production. Perhaps BTE should look at TBE's management team as they embark on a search to replace their now departed, well regarded CEO. TBE's is making all the right moves: debt reduction, production increases, fiscal restraint, smart low cost asset purchases, a reluctance to over promise on the year end production side, focused execution in the core heavy oil corridor targeting low cost, shallow quick payout wells, a poker playing mentality on monteizing and farming out asset's. The NVS.V release was intriguing citing their $62 BOE netbacks at Flaxcombe ( does TBE still own their Viking light sections there and west at Esther?) So does an analysts's view (Granger's) that TBE was going to make another move prior to reassessing an investment entry  now come into play: PXL.V, RE, CR's heavy oil producing acreage? Just read up that PXX has a neighbor drilling at Onion Lake pulling licenses yesterday: Fogo. Lots of opportunities to look at amid the meltdown. Buy when fear is high, sell when fear is low.