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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
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Comment by greenhawkon Dec 18, 2014 3:27pm
213 Views
Post# 23245828

RE:RE:RE:RE:RE:RE:Updated Guidance

RE:RE:RE:RE:RE:RE:Updated GuidanceThe highest number i have seen is 2mb/d. Can you please point me to the $4mb/d number?

You say western consumption is declining but US consumption is up 4.1%YoY. Even Opecs own report, before the cuts estimated worldwide consumption would increaase by 1.3+/-mp/d (if memory serves.)

Check out his report from Bloomberg for a hint of the supply response.
Bankers See $1 Trillion of Zombie Investments Stranded in the Oil Fields

I do agree with what you said here
"The Saudis know that the deeper the drop in oil prices , the faster the path to sustainable production."

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities