Twin Butte Energy Ltd TBTEF

RE: RE: RE: Pro Forma

[bshort92]

Mud: Mason Granger was on BNN last night said he too likes BTE calling them the premier heavy oil player in western Canada. He likes BTE's ability to deliver a steady sustainable dividend. The ability to be sustainable is in question as many players paying out robust dividends are under scrutiny and some may need to eliminate the payout completely. Granger likes CPG but is not too big on PGF and says ZAR's dividend might be history. Says TBE is being watched by his team. Is noncommittal as he wants to see how their capital efficiencies play out over the next few quarters. The rest of the market may be thinking the same as TBE's volume cratered today amid the shell shocked share price. There is not a lot of excitement in the issue right now. The Avalon purchase added production, reserves and inventory but the market shrugged off the news. A perception that assets can be had for a cheaper price rules the day. Just look at similar to Avalon sized RE now getting bludgeoned to under $1 a share. One would guess all shareholders can hope for is improved oil prices otherwise I can't see TBE emulating BTE in any way, shape or form. 120 million shares out vs 215.5 million shares out makes the prospect of a BTE sized .22 dividend unlikely.