Twin Butte Energy Ltd TBTEF

TD Securities analyst Aaron Bilkoski

[PUNJABI]

TD Securities analyst Aaron Bilkoski says a payout cut may be in the works at Twin Butte Energy ($1.86).

It seems that this guy did not get the TBE memo that the board has approved the Div for this year.

Sometime the so called experts do not have their facts correct.

From TBE News release :

"The company remains comfortable with the current dividend level and the payment has been approved through to the end of the year by the board of directors. "

 

Globe says Twin Butte Energy cut to "hold" from "buy"

2014-05-15 09:16 AT - In the News

 

The Globe and Mail reports in its Thursday edition that TD Securities analyst Aaron Bilkoski says a payout cut may be in the works at Twin Butte Energy ($1.86). The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Mr. Bilkoski cut his rating to "hold" from "buy" after the company once again lowered its production guidance as a result of operational challenges. Mr. Bilkoski says: "In the past, we were encouraged by Twin Butte's 'sustainable' payout ratio and potential for increased capex/production revisions predicated on free cash flow. ... However, such expectations continue to be broadsided by a series of issues that have resulted in a combination of negative production/capex guidance revisions." Mr. Bilkoski says Twin Butte's latest release shows it is still "challenged by its legacy assets." Mr. Bilkoski cut his price target to $2.50 from $3.25. Elsewhere, National Bank Financial cut its target to $2.75 from $3 and BMO Nesbitt Burns cut its target to $2.50 from $2.80. The median price target is now $2.75, according to Thomson Reuters. Franklin Bissett fund manager Leslie Lundquist recommended buying Twin Butte in The Globe on April 2. The shares were then going for $2.23.