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Twin Butte Energy Ltd TBTEF

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

Bullboard Posts
Post by bshort92on May 09, 2013 11:41pm
163 Views
Post# 21370620

Doing nothing is not an option

Doing nothing is not an option

Encouraging news coming out of the patch amid a busy earnings season. SGY is making management changes and selling non core assets. The shares took off 18% today. WCP announced an increase to their credit facilities.They want to spend more to increase production and thus cash flow and  earnings. RE was flat despite getting their prodcution up to 2013 exit levels. CPG was really bold in proclaiming a desire to maintain their dividend, increase shipping of production via rail, embracing a disciplined cap ex program and a committment to hedging production. Shareholders look for a strong statement in assessing the outlook for their investment something on the line of:

The company is committed  to executing its business plan of creating sustainable value-added growth in reserves, production and cash flow through an integrated strategy of acquiring, exploiting and developing high-quality, long-life heavy oil properties.Thanks for that tidbit CPG.

 I hope TBE can emulate that type determined focus to creating value not just on the dividend side but to finally start getting some real capital appreciation share price wise.

 

 

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