Twin Butte Energy Ltd TBTEF

RE: Something could be up......

[bshort92]

While it is probably useless to pontificate if TBE is actually in the sights of a suitor eager to perhaps assimilate a solid liquids (90%) oriented, dividend paying (8.8%), well managed (debt under 1.5 X's cash flow) concern the antics of the BRY purchase by Linn is interesting. Many BRY shareholders are actually questioning that selling out at $110 K per flowing boe ($4.3 billion on 39,500 boe/d) was a bad deal and some well regarded securities oriented class action filing legal firms are soliciting investor back lash to avert the deal. Imagine that: They think they were low balled in the deal. A Seeking Alpha article extols the deal as accretive and a great transactiojn that offers being a new Linn shareholder becoming part of a great firm to participate in a 8% plus dividend player that gains materially from the deal with purchasing a 75% liquids oriented concern. So you wonder why a firm like TBE trading under $31 k per flowing boe is not getting any respect from the market. Are the vagaries of the heavy oil industry just too scary to consider investing in TBE let alone pursuing them as a purchased or merged asset? An incredible disconnect as this deal was announced amid a perception that some firms are labeled undervalued at $110 k per flowing boe and others trading at under $31 k per flowing boe ($42,150 w/debt) are worth avoiding.