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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Twin Butte Energy Ltd
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Comment by bshort92on Nov 03, 2012 6:37pm
366 Views
Post# 20559318

RE: RE: RE: RE: Volume and cash in the deal

RE: RE: RE: RE: Volume and cash in the deal

John: No skepticism on my part...your posts have been spot on. I'm actually energized that the Waseca purchase is finished and that Sprott has exited. Not that they would have been a bad investor but that they have moved on and their position was so seamlessly absorbed by the market. Shows the remarkable growth of TBE has translated into incredible liquidity. If indeed Waseca was extolling a $330 + million valuation last year at this time when Sprott announced a possible sale wonder why they sold for such a low figure ($200 million less) a year later. To that end what is the valuation of TBE? The market says under $1 billion. I think it is worth much more than that.Perhaps double that figure.

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