Twin Butte Energy Ltd TBTEF

RE:RE:Dead money

[bshort92]

This garbage is going lower. A lot lower. They got decimated reserves based on high vertical declines to re state, declining production, a credit facility that was slashed 10%, a new management team who's claim to fame is running PWT into the toilet, no drilling licences being pulled, lenders scared to lend thus nullifying any potential acquisitions, cash flow artificially constrained due to the majority of production hedged at too low a price in a $102.50 + WTI market, payroll obviously too high with a VP of Biz development and a VP of Land on the books (what for?) and an inept board that allows one of its own to dump shares prior to a disasterous announcement not once but twice! The 10% dividend is a sham as long as capital depreciation in the share price continues. Wake up fools.