Twin Butte Energy Ltd TBTEF

Getting aggressive

[bshort92]

If the approval of Keystone is a foregone conclusion consider the fact that in 2012 TBE made five acquisitions one less than industry leader CPG. You have CR sending $20 million today to expand their Montney footprint with options to spend an additional $36 million to get their acreage position up there even further. This is not a half hearted, garden variety move: this is serious. Their accumulated acreage is going to get a look at by the biggest of the big operators. Which begs the question could their approximately 6000 boe/d heavy oil operations in Lloydminster be monetized to a suitor.  Don't forget Northern Blizzard is in an up mode just delivering a presentation at CIBC's conference yesterday in Whistler, privately held heavy oilers Rife and Gear are both drilling consistently and smaller heavy oil players like PXL.V and RE are both moving towards 3000 boe/d production. Then their is LRE's 1500 boe/d lone heavy oil property at Edam. Plus how many other smaller or less visible operators out their willing to move up into the sustainable, slow growth, dividend paying world? So their is assets out their. The questions are who is willing to sell? For what price? And is TBE getting ready to go off on another buying binge?