Twin Butte Energy Ltd TBTEF

RE: RE: RE: RE: The BTE effect

[bshort92]

On the heels of a decent trading day in the sector consider that other heavy oil
centric entities are moving forward. PXL.V just did a bought deal to finance
operations going forward now nearing 2700 boe/d production. Gear Energy has a
nice website up now projecting 4200 end of year production with $50 million of
debt but in capable hands headed up by the Peyto founders. Rife Resources, a
well regarded private firm, is still pulling licenses to drill on top their
current 15,000+ boe/d production. RE is busy at Mantario drilling a new core of
900 meter verticals plus they just released a nice ops update. Who knows what Northern Blizzard is doing...suffice to say they got skin in this game two and a half years after paying $960 million for Nexen's 15,000 boe/d heavy oil properties. LRE still holds their 1550 boe/d property at Edam likewise
CR has over 5500 boe/d in heavy oil production in the Lloydminster corridor. All
told the sector is far from dead and with BTE getting a ton of positive coverage
on top their share price rally and many smaller players drilling it bodes well
for TBE, a solid dividend paying intermediate, that just added five entities to
its mix and now seems poised to hit the next phase of growth and income. Last
few months have been lousy but maybe today signified a positive mode in a $96+ a barrel
WTI environment... just what is needed to head off this pipeline/price
differential debacle.