Twin Butte Energy Ltd TBTEF

RE: RE: RE: RE: RE: DON'T DISPAIR

[bshort92]

The loss of production due to the cold weather has resulted in a very dramatic cut to TBE's capex. It would have been easier to understand if other heavy oil operators also experienced similar issues. Have any other operators publically disclosed early January production issues? Remember the issues were not exclusive to the Primate property but also other TBE lands. So if 2100 boe/d drops off line and capex is cut to save the dividend and balance sheet imagine how investors who bought at $3 a share let alone $2.60 felt when the op's update hit the wire and since then TBE is trading significantly lower. Can the issues be fixed? Well production has risen to 17,800 boe/d but TBE per their presentation only says production will stay flat in 2013. I guess 19,200 boe's/d in December is not going to be hit for some time particularly if they only extol 3-5% annual production increases. A dramatic haircut to the whole story to say the least...more than a hiccup and really confined in the heavy oil space to just TBE. It explains the share price meltdown from $3 to $2.13 despite positive sentiments coming out about the industry and TBE. To suggest appearing at an investor conference to re affirm that the outfit has some compelling upside seems like it could only help not hinder. Being absent from them gives off a sense of not interested in attracting new investors. As for others I stick to discussing the firm with other intelligent like thinking individuals. Attacking the messengers or people who question with childish musings is going to occur. But if TBE desires stable quality investors they should expect informed opinions from stake holders who are asking because the perceptions need to be dispelled or explained.