Twin Butte Energy Ltd TBTEF

RE:Looks Like A Guidance Issue

[bshort92]

Is this a guidance issue? Looks more like a sustainability issue. Did not get my dead cat bounce order executed at $1.75 Friday. Will have to alter that to $1.55 maybe $1.50. Expect continued selling and share price erosion going forward. Around $1.50 is really all the shares are worth as I am also baking a 35% dividend cut into the shares. Not if but when. The credit facility knockdown from $400 million to $365 million spoke volumes to the economic ramifications of the sell off. Not sure if there is a good heavy oil technical team on par with GXE or RE or BTE to rescue this over promised under delivered story. The PWT guys are really nothing special reputation or execution wise. Seems like panic is rippling the whole outfit.They need another year in the penalty box to sort this mess out. At some point we will get a buy signal but short term forget it.