Twin Butte Energy Ltd TBTEF

RE: Energized

[bshort92]

Shares down 3 1/2% today. Imagine if six rigs were deployed this week. Would the shares have dropped 7% today? Still need greater selling volume to reach that capitulation, maximum pessimism stage. Once that occurs and TBE brings in a team that can actually drill this story might improve. However over the short run the trend is not a friend of long position investors. Perhaps another potential $30 million loss for Q2 is getting baked into the share price.