Twin Butte Energy Ltd TBTEF

RE:RE:no rally coming but new 52 week lows will be made today

[bshort92]

Perhaps it will be long investors living on the streets. Seriously no one has analyzed this story with any objectivity. People go on BNN and say the dividend is sustainable. Yeah sure that is why the issue is behaving as if a cut or total elimination is imminent. Really why not? In the Q1 earnings release TBE disclosed they drilled at an 89% success rate. What does that tell you? It tells me they can't even drill 500 meter deep, low risk verticals, on proven repeatable acreage. BTE announces a 12% production increase for Q2 today. Watch TBE investors will get a bunch of excuses after the close today like rain and prolonged break up road bans and reservoir issues. It is always negative, always toxic in the presentation of data. Even tiny RE excels in the heavy oil space and they don't even pay a diviidend. Usualy when a firm can't execute they bring in personel who can. Not the case with TBE. It is same old story no sizzle and no steak.