Twin Butte Energy Ltd TBTEF

RE: Technical Analysis

[bshort92]

My technical analysis tells me that TBE has gone from $3.00 a share on 10/30 to $2.79 a share today a .21 a share drop since the Waseca deal closed and the giant 21 million share trading day whereby supposedly Sprott dumped their TBE shares from the Waseca transaction onto the open market. Despite $87 a barrel oil TBE is trading exteremly weak. Not many licenses being pulled to drill and like WCP's announcment yesterday the market is less than enthralled with firms payng a 6%+ diviidend but only extolling 3-5% production growth. If this is the modern version of the old energy trust capital depreciation in the share price is offsetting the dividend. TBE trades at under $36 K per flowing boe. At some point the question neeeds to be posed to to TBE's board and mangement: How long will you tolerate the share price volatility until a discussion comes up to consider taking the firm private? Why allow the traders in the issue to dominate the stock? Why such an absence of buyers? What action can be performed to improve the perception that capital appreciation can and should occur in the issue? Raising the dividend has resulted in share price depreciation. What am I missing in this last three weeks selloff?