Twin Butte Energy Ltd TBTEF

Facts are facts

[bshort92]

Unlike the spin coming from the Brickburn brothers lets consider TBE's most recent well license application from Friday...a single well effort at Senlac just east of Primate. So instead of trying to get production back up as the Raymond James people say concentrating on horizontals at Wildmere this license keeps the disastrous Primate location back on the front burner setting up for another probable debacle at this property. Seeking Alpha had an article today proclaiming that TBE can't cut the dividend and thus must take on debt which is pushing over 100% of cash flow just to cover capex and the dividend. Said that slashing the dividend would be disastrous as if more negative news is on the way with a probable train wreck Q2 earnings release and reduced capex that sees production headed to 15,500 boe/d. That figure is probably the high range as they just don't drill enough to grow at the advertised 3 to 5% clip. Loosely translated expect extraordinary selling pressure this week.