Twin Butte Energy Ltd TBTEF

RE: RE: RE: RE: BTE getting BBQ'd - CIBC Downgrade

[bshort92]

Not only has CIBC downgraded TBE to target price $2.65, Peters also issued a downgrade with a $2.50 share price target. I suspect more to follow as the market has a bad taste for TBE. Witness today WCP up 6%, WFE up 6.5% even debt ridden CR up 4.25%. TBE moving no where. TBE set to close their Avalon purchase late next month. The debt for TBE post Avalon purchase is now $165 million up from the previous guided $158 million per the revised presentation. Perhaps we are due for another round of blind siding downward slanted surprises. No wonder investors are avoiding taking a position in TBE. The message keeps changing, gets more distorted and the insiders selling is creating a ton of aprehension. A new analyst Stifel Nicholaus now covers TBE targeting a $3 share price. Since the other ten who cover TBE are clueless and dead wrong to date let see if they can explain their rationale behind their targeted share price.