Twin Butte Energy Ltd TBTEF

Q2 earnings

[bshort92]

Today's trading in TBE seemed to telegraph that Q2 earnings set to be released Monday might not be too good. This on the heels of a nice number put up by small heavy oil neighbor PXL.V who rallied over 26% today following their Q2 numbers being released. Go figure. PXL.V has similar attributes to Avalon the private entity that TBE pyurchased and is set to close on in a few weeks. Candidly Avalon brought more to the table than what PXL.V can so that extra inventory of 175,000 acres including 85 K in the Lloydminster area were I'm sure the biggest catalyst to the deal along with just a great price of $32 k per flowing boe. The overall markets are rallying on less than stellar volumes and really unsustainable fundamentals. We will see a market sell off and that means TBE might shade lower then again it has not rallied much so the downside should be minimal. if anything TBE might be hedging some prodcution for 2013 amid the $93 oil markets. Might be smart going forward. Stay tuned for Monday's earnings.