Acquisition possibility BTE should take a serious look at buying or merging with TBE. TBE produces 18,000 boe/d and could take BTE's production from its present 56,000 boe/d to almost 75,000 boe/d. TBE trades at just $2.16 a share with 250 million shares out or about $30 k per flowing boe. They have just $200 million of debt (BTE has $685 million), about 60 mboe reserves, 450,000 acres of undeveloped land, huge carry over tax pools and concentrated production in and around Lloydminster. Back in 2010 privately held Northern Blizzard took out Nexen's 15,000 boe/d heavy oil assets for $975 million of $65,000 per flowing boe. Today Northern Blizzard is drilling all over the purchased and since purchased heavy oil corridor. BTE might be able to get this outfit for a similar price three years down the line and really take a meaningful step forward on production, reserves and inventory without threatening the solid .22 monthly dividend or exponentially taking on too much debt..