Twin Butte Energy Ltd TBTEF

Lots of heavy oil assets

[bshort92]

Now that the market is removing their craniums from their backsides as oil pierced back over the psychologically deterring $80 a barrel oil price consider that many heavy oil assets exist in the Lloydminster area. A few are probably for sale. Some publically traded firms like PXL.V and RE are trading at a significant discount to their NAV. You have well regarded private firms like 11,000 BOE/d producer Rife Resources (owned by the railway workers pension trust) and Sprott owned 4500 boe/d heavy oil producer Waseca drilling nearby TBE's lands. All in all it is a buyers market and TBE is leading the way with three 2012 purchases towards giving industry stalwart BTE notice that another alpha dog could be emerging in the heavy oil space. Maybe Tony Marino was right...that in this market you need to grow. However, you need a BOD that agrees with your vision. Onward rally...stay tuned.