Twin Butte Energy Ltd TBTEF

RE:RE:RE:Halt

[bshort92]

Mud: Looks like a smart move to convert a little less than 1/4 of this outfits debt to a convertible at a great rate of 6.25%. That is an incredible way to leverage. They probably will get a bump on the $400 million credit line while at the same time give the underwriters a solid guaranteed rate of return. I see another deal in the works as the asset base can grow particularly in the heavy-medium oil belt from Frog Lake down to Provost. Lots of assets for sale. TBE has redefined the $550 K to $1.2 million assempbly line medium to heavy oil exploitation concept. I am now expecting a couple more accretive asset purchases to get this firm to 40,000 or so boe/d. Lenders are all on board and will gladly participate with a firm that can grow responsibly in a tight radius. The track record is in place just keep up the pattern of duplicating the strategy.