Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P

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

Twin Butte Energy Ltd

Bullboard Posts

Post by PUNJABIon May 23, 2014 10:49am

597 Views

Post# 22591959

Stock still in very oversold area.

We are getting the first bounce, initial sheding starts at $1.94 to $1.99 for easy money for first bounce trades.

Stochastic has generated a buy signal, fast line has crossed over the slow line. Stochastic still shows the stock very oversold.

Cautious buyers wiat for MACD crossover. The histogram has started to reduce but crossover has not taken place & needs more time. MACD has not yet confirmed the reversal of the trend. With MACD you cannot catch the bottoms & tops because the signals are delayed. It is more of possible confirmation of reversal of trend when a bottom or top has already been been established where you miss out on the rock bottom entry & very top exit.

My favorite RSI is still showing that the stock is very oversold area. RSI is a very good tool to enter & exit stocks. Loadup in oversold area provided the fundamentals of the stock are intact & then shed when oversold.

You have to use different tech indicators for good entry & exit. They are very useful but are prone to false signals too. I would say that they are better than not using them.

This selloff created lot of damage to the share price. Stock gapped way below the 200 sma & then tanked further becasue of wide spread selling & agressive shorting. Short sellers attack on the stock was sucessful. They kept pushing the stock lower. A good stock should have snapped back with force but TBE is bit differnt it more a grinder.Short sellers t managed to take the stock well below the 200 SMA which cause some further panic selling. The 200 MA is around $2.18. The stock should have held around $2.00. Some were expecting that the stock may create a double bottom at $1.60 & the logic or selling & reloading around thatr area would make sence for some.

200 ma which should have acted as a support for the stock would become a resistance. Now 50 ma is curving lower & falling. Unless the stock moves above 200 ma the 50 ma will fall below 200 ma & create a death cross.

When the stock tanked last time to $1.60 it was trading under 200 ma. On Nov 15, 2013 it created a golden cross & then mostly traded above 200 ma. The stock had created lot support & was slowly grinding higher.

This sell off created massive damage to the share price. The short position has increased to 10,177,941 shares. This has been the largest short position on the stock in its history. Some short sellers caused lot of damage to the share price. These same short sellers can help in repairing the damage while covering. All the company needs is to provide a better outlook.

Short Positions for TBE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : TBE	2014-05-15	10,177,941	1,494,569	345,071,217	2.95
T : TBE	2014-04-30	8,683,372	496,658	345,071,217	2.52
T : TBE	2014-04-15	8,186,714	269,569	344,753,682	2.37
T : TBE	2014-03-31	7,917,145	-164,979	344,753,682	2.30
T : TBE	2014-03-15	8,082,124	516,892	344,520,642	2.35
T : TBE	2014-02-28	7,565,232	996,953	343,079,562	2.21
T : TBE	2014-02-15	6,568,279	78,016	343,079,562	1.91
T : TBE	2014-01-31	6,490,263	84,571	343,079,562	1.89
T : TBE	2014-01-15	6,405,692	561,151	343,079,562	1.87
T : TBE	2013-12-31	5,844,541	301,846	342,099,518	1.71
T : TBE	2013-12-15	5,542,695	150,082	342,099,518	1.62
T : TBE	2013-11-30	5,392,613	350,468	341,969,430	1.58
T : TBE	2013-11-15	5,042,145	-3,250,261	341,969,430	1.47
T : TBE	2013-10-31	8,292,406	1,135,374	252,059,154	3.29
T : TBE	2013-10-15	7,157,032	1,698,858	251,616,965	2.84
T : TBE	2013-09-30	5,458,174	188,505	251,616,965	2.17
T : TBE	2013-09-15	5,269,669	1,204,143	251,242,633	2.10
T : TBE	2013-08-31	4,065,526	444,494	251,242,633	1.62
T : TBE	2013-08-15	3,621,032	1,089,585	250,916,313	1.44
T : TBE	2013-07-31	2,531,447	733,351	250,916,313	1.01
T : TBE	2013-07-15	1,798,096	-317,760	249,797,912	0.72
T : TBE	2013-06-30	2,115,856	423,397	249,797,912	0.85
T : TBE	2013-06-15	1,692,459	130,327	249,797,912	0.68
T : TBE	2013-05-31	1,562,132	244,859	249,797,912	0.63
T : TBE	2013-05-15	1,317,273	-129,454	249,797,912	0.53
T : TBE	2013-04-30	1,446,727	756,293	249,797,912	0.58
T : TBE	2013-04-15	690,434	-114,666	249,797,912	0.28
T : TBE	2013-03-31	805,100	-368,980	249,587,539	0.32
T : TBE	2013-03-15	1,174,080	-454,246	248,562,541	0.47
T : TBE	2013-02-28	1,628,326	726,204	248,562,541	0.66
T : TBE	2013-02-15	902,122	378,356	248,311,634	0.36
T : TBE	2013-01-31	523,766	7,053	248,311,634	0.21
T : TBE	2013-01-15	516,713	231,364	247,881,194	0.21
T : TBE	2012-12-31	285,349	-274,073	247,881,194	0.12
T : TBE	2012-12-15	559,422	-1,777,395	247,687,925	0.23
T : TBE	2012-11-30	2,336,817	1,800,049	247,687,925	0.94
T : TBE	2012-11-15	536,768	-819,442	247,687,925	0.22
T : TBE	2012-10-31	1,356,210	568,276	247,687,925	0.55
T : TBE	2012-10-15	787,934	-267,575	217,224,921	0.36
T : TBE	2012-09-30	1,055,509	-759,081	217,224,921	0.49
T : TBE	2012-09-15	1,814,590	327,822	217,224,921	0.84
T : TBE	2012-08-31	1,486,768	-114,199	217,047,221	0.68
T : TBE	2012-08-15	1,600,967	-373,348	192,458,098	0.83
T : TBE	2012-07-31	1,974,315	102,179	192,458,098	1.03
T : TBE	2012-07-15	1,872,136	475,985	192,031,177	0.97
T : TBE	2012-06-30	1,396,151	1,051,698	192,031,177	0.73
T : TBE	2012-06-15	344,453	-301,819	191,682,653	0.18
T : TBE	2012-05-31	646,272	449,654	191,682,653	0.34
T : TBE	2012-05-15	196,618	100,495	191,682,653	0.10
T : TBE	2012-04-30	96,123	-162,123	191,682,653	0.05
T : TBE	2012-04-15	258,246	-173,445	191,682,653	0.13
T : TBE	2012-03-31	431,691	172,156	191,682,653	0.23
T : TBE	2012-03-15	259,535	218,644	191,682,653	0.14
T : TBE	2012-02-28	40,891	-6,474	191,555,276	0.02
T : TBE	2012-02-15	47,365	-624,208	191,555,276	0.02
T : TBE	2012-01-31	671,573	-1,036,388	189,557,820	0.35
T : TBE	2012-01-15	1,707,961	442,826	189,547,816	0.90
T : TBE	2011-12-31	1,265,135	271,719	135,408,937	0.93
T : TBE	2011-12-15	993,416	259,977	135,408,937	0.73
T : TBE	2011-11-30	733,439	643,436	135,408,937	0.54
T : TBE	2011-11-15	90,003	-135,443	135,408,937	0.07
T : TBE	2011-10-31	225,446	208,465	135,408,937	0.17
T : TBE	2011-10-15	16,981	-50,253	135,408,937	0.01
T : TBE	2011-09-30	67,234	-8,721	135,408,937	0.05
T : TBE	2011-09-15	75,955	-184,014	135,408,937	0.06
T : TBE	2011-08-31	259,969	226,146	135,408,937	0.19
T : TBE	2011-08-15	33,823	-47,526	135,295,737	0.02
T : TBE	2011-07-31	81,349	-80,276	135,295,737	0.06
T : TBE	2011-07-15	161,625	62,156	135,295,737	0.12
T : TBE	2011-06-30	99,469	4,621	135,295,737	0.07
T : TBE	2011-06-15	94,848	-55,532	135,230,738	0.07
T : TBE	2011-05-31	150,380	61,787	133,829,211	0.11
T : TBE	2011-05-15	88,593	21,677	133,829,211	0.07
T : TBE	2011-04-30	66,916	-55,677	133,829,211	0.05
T : TBE	2011-04-15	122,593	-16,237	131,561,750	0.09
T : TBE	2011-03-31	138,830	52,177	131,561,750	0.11
T : TBE	2011-03-15	86,653	-95,248	131,561,750	0.07
T : TBE	2011-02-28	181,901	103,164	131,561,750	0.14
T : TBE	2011-02-15	78,737	-13,263	130,278,634	0.06
T : TBE	2011-01-31	92,000	-9,197
T : TBE	2011-01-15	101,197	96,349
T : TBE	2010-12-31	4,848	-9,223
T : TBE	2010-12-15	14,071	2,801
T : TBE	2010-11-30	11,270	-66,601
T : TBE	2010-11-15	77,871	-79,655
T : TBE	2010-10-31	157,526	-75,523
T : TBE	2010-10-15	233,049	223,049
T : TBE	2010-09-30	10,000	5,600
T : TBE	2010-09-15	4,400	4,200
T : TBE	2010-08-31	200	200
T : TBE	2010-07-31	0	-7,800
T : TBE	2010-07-15	7,800	7,800
T : TBE	2010-06-30	0	-85,800
T : TBE	2010-06-15	85,800	78,300
T : TBE	2010-05-31	7,500	3,300
T : TBE	2010-05-15	4,200	4,000
T : TBE	2010-04-30	200	-75,900
T : TBE	2010-04-15	76,100	75,100
T : TBE	2010-03-31	1,000	1,000
T : TBE	2010-03-15	0	-75,100
T : TBE	2010-02-28	75,100	-64,900
T : TBE	2010-02-15	140,000	-1,276,600
T : TBE	2010-01-31	1,416,600	960,800
T : TBE	2010-01-15	455,800	455,800
T : TBE	2009-11-30	0	-300
T : TBE	2009-11-15	300	-502,300
T : TBE	2009-10-31	502,600	-557,200
T : TBE	2009-10-15	1,059,800	818,600
T : TBE	2009-09-30	241,200	70,700
T : TBE	2009-09-15	170,500	41,200
T : TBE	2009-08-31	129,300	129,300
T : TBE	2009-08-19	0	-1,300
T : TBE	2009-08-15	0	-1,300
T : TBE	2009-07-31	1,300	800
T : TBE	2009-07-15	500	300
T : TBE	2009-06-30	200	-49,800
T : TBE	2009-06-15	50,000	49,000
T : TBE	2009-05-31	1,000	1,000
T : TBE	2009-02-28	0	-9,400
T : TBE	2009-02-15	9,400	9,400
T : TBE	2008-12-15	0	-700
T : TBE	2008-11-30	700	700
T : TBE	2008-10-15	0	-7,500
T : TBE	2008-09-30	7,500	2,500
T : TBE	2008-09-15	5,000	0
T : TBE	2008-08-31	5,000	0
T : TBE	2008-08-15	5,000	-1,500
T : TBE	2008-07-31	6,500	900
T : TBE	2008-07-15	5,600	-124,094
T : TBE	2008-06-30	129,694	124,094
T : TBE	2008-06-15	5,600	600
T : TBE	2008-05-31	5,000	0
T : TBE	2008-05-15	5,000	0
T : TBE	2008-04-30	5,000	-90,800
T : TBE	2008-04-15	95,800	90,800
T : TBE	2008-03-31	5,000	0
T : TBE	2008-03-15	5,000	0
T : TBE	2008-02-29	5,000	-284,875
T : TBE	2008-02-15	289,875	-102,225
T : TBE	2008-01-31	392,100	-12,600
T : TBE	2008-01-15	404,700	10,200
T : TBE	2007-12-31	394,500	173,600
T : TBE	2007-12-15	220,900	220,900
T : TBE	2007-11-30	0	-478,800
T : TBE	2007-11-15	478,800	431,300
T : TBE	2007-10-31	47,500	47,200
T : TBE	2007-10-15	300	300
T : TBE	2007-09-30	0	-3,900
T : TBE	2007-09-15	3,900	3,900
T : TBE	2007-08-31	0	-2,800
T : TBE	2007-08-15	2,800	-2,500
T : TBE	2007-07-31	5,300	2,800
T : TBE	2007-07-15	2,500	2,500
T : TBE	2007-05-31	0	-8,500
T : TBE	2007-05-15	8,500	-16,500
T : TBE	2007-04-30	25,000	24,000
T : TBE	2007-04-15	1,000	-3,000
T : TBE	2007-03-31	4,000	-2,900
T : TBE	2007-03-15	6,900	-38,600
T : TBE	2007-02-28	45,500	45,500
V : TBE	2006-10-15	0	-500
V : TBE	2006-09-30	500	500
V : TBE	2006-09-15	0	-250,000
V : TBE	2006-08-31	250,000	-7,628
V : TBE	2006-08-15	257,628	106,328
V : TBE	2006-07-31	151,300	151,300
V : TBE	2006-06-30	0	-557,960
V : TBE	2006-06-15	557,960	557,960
V : TBE	2000-08-21	0	-500
V : TBE	2000-08-04	500	500
V : TBE	2000-07-07	0	-3,100
V : TBE	2000-06-21	3,100	3,100
V : TBE	2000-06-06	0	-12,000
V : TBE	2000-05-19	12,000	0
V : TBE	2000-05-04	12,000	0
V : TBE	2000-04-20	12,000	-18,000
V : TBE	2000-04-07	30,000	15,000
V : TBE	2000-03-21	15,000	-4,420
V : TBE	2000-03-06	19,420	5,420
V : TBE	2000-02-22	14,000	-200
V : TBE	2000-02-07	14,200	-2,955
V : TBE	2000-01-20	17,155	5,055
V : TBE	2000-01-07	12,100	-4,700
V : TBE	1999-12-21	16,800	1,300
V : TBE	1999-12-09	15,500	1,500
V : TBE	1999-11-19	14,000	-10,900
V : TBE	1999-11-08	24,900	1,900
V : TBE	1999-10-22	23,000	23,000