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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
Comment by bshort92on Nov 04, 2013 3:42pm
334 Views
Post# 21875193

RE:another TBE price target raise

RE:another TBE price target raise
I think the market makers are selling down the shares down to the $1.95 strike price that the $70 million bought deal shares were priced.  Investors are also scared off because they don't know how much debt is going to be on TBE's books once the deal closes. Until a web presentation comes up on line no one knows their future plans therefore their is no reason to invest in the issue.
Bullboard Posts