Twin Butte Energy Ltd TBTEF

RE: RE: Poseidon

[draxter]

Let's be real here, the div is not safe, and the market is telling us that. TBE needs to either repair the production glitches or hope for better oil prices, the status quo will mean a div cut, and the only question is 'when'. I don't think it's coming in the near future, and I'm hopeful they can fix the recent production issues, but nothing is certain or known at this stage. 

 

Part of me wishes they would cut the div and put more money into drilling because they do need to up their production, the other part likes the div, it's been nice to have monthly income. Either way, I like management and am staying in.