Twin Butte Energy Ltd TBTEF

RE: RE: RE: RE: RE: Doing nothing is not an option

[bshort92]

North: If the shares trade under $2 then the market cap will be under $500 million. The price per flowing boe based on the previously reported 18,000 will be under $28,000 per flowing boe and the yield on the dividend will be north of 9%. TBE spends less than 100% of cash flow to pay the dividend and to drill (fund capex) at a 3% to 5% growth rate. Yet the market keeps taking the shares down further. There is not one analyst in the patch who can accurately explain or forecast the plight of this issue. What seems clear is Q1 is going to be really bad and a sell off is in the cards. Hopefully the stench will come off this issue eventually.$95 WTI is not good for TBE.$85 WTI and my $1.75 target is going to be met.