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Twin Butte Energy Ltd TBTEF

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

Bullboard Posts
Comment by pm1231on Nov 16, 2014 10:19pm
350 Views
Post# 23134758

RE:RE:RE:Look out- Dividend Cut Coming

RE:RE:RE:Look out- Dividend Cut ComingOne more note - TBE is not a production growth stock (nor has it been thier intention) - they are a dividend play with modest production growth.  They are, however, a very undervalued stock with plenty of upside potential given thier discount to NAV relative to thier fundamentals.  Others like Surge, Whitecap, etc - are trading at rich multiples despite having a scorecard similar to TBE with respect to sustainable growth (ie. payout ratio under 100%).  Indeed, SGY's current debt to cashflow is higher than TBE).  My bet, in time, the market will realize this and "rightsize" thier valuation towards industry peer averages.  
Bullboard Posts