Twin Butte Energy Ltd TBTEF

RE:RE:RE:Anonymous

[bshort92]

Penn West and Encana have been disasters in the making for some time. TLM is a grease fire too. You look at the smart operators in the patch and they all grow smartly with few hiccups: Ray Smith at BXE, Paul Colborne at SGY, Scott Saxberg at CPG, Fagerheim at WCP, Yanko at LEG. Some firms are bullet proof: Peyto, BNE, BTE and Tourmaline. I hope TBE can eventually be included in that group. I had a great summer courtesy of a fast rising position in RE. Still have a chunk of it but am considering TBE but the two sell offs caused by the Primate reservoir turning off has left a lot of us on the sidelines with TBE. The Black Shire deal was actually a bargain and the debt at 1.75 x's cash flow can be paid down and lowered in short order. But the issue is just too manipulated and volatile and that should not be apparent in its present structure and focus.