GREY:TBTEF - Post by User
Comment by
bshort92on Feb 13, 2013 11:27pm
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Post# 20985900
RE: RE: RE: Leave it to Primate
RE: RE: RE: Leave it to Primate There is no other way to look at it. TBE is trading at $2.26 a share. Insititutional and retail investors have gone somewhere else. It is not like investors are clamoring to buy the shares for the 8% plus dividend. If there was upside in the issue the shares would not be down .75 since November. TBE has lost 1/4th of its market cap.The payout ratio is meaningless if the shares are susceptible to dramatic meltdowns. It is not a matter of reading a news release. Clearly the market is dissatisfied with TBE.No other heavy oil outfit in the Lloydminster corridor reported dramatic production drops due to low tempertures. Why just TBE? You had an analyst on BNN last month who liked the heavy oil sector. Said the differentials were set to narrow. His favorite picks were RE and PXL.V. Today an analyst from Desjardins had similar comments. His favorite picks in the space were BTE, PXX and PXL.V. Get mad at me all you want it does not change the current state of this issue and that is TBE is not on the radar of insitutional and retail invesors otherwise the shares would be showing some traction.