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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Twin Butte Energy Ltd
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Comment by bshort92on Feb 26, 2013 8:18pm
260 Views
Post# 21046053

RE: RE: RE: RE: RE: RE: RE: Comments on BNN this m

RE: RE: RE: RE: RE: RE: RE: Comments on BNN this m

It took about 90 days for TBE's share price to trade down from $3.02 a share to today's 2.04 finish. A $245 million haircut to the value of the company. Producing 17,800 boe's/d on say 250 million shares out TBE's market cap is $510 million or $28,650 per flowing boe. The balance sheet has $205 million of debt and the payout per the monthly .016 dividend is over 9%. Now ask yourself if this market is not treating the heavy oil industry as on par with the natural gas industry? If so how long before it recovers? Can anyone make an educated guess when the share price will bottom out?

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