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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 bshort92on Apr 03, 2015 11:25am
150 Views
Post# 23594987

RE:Insider buying is consistent

RE:Insider buying is consistent
If large investors in TBE are poised to sell it is because they do not trust TBE's board and management. Others issues are holding up. Ask yourself why an NBZ keeps an $800 million market cap with over $400 million of debt producing around 21,000 boe/d of 90% heavy oil. SGY has a larger debt load than TBE. They produce a shade above TBE. Everything goes back to trust. if large holders have lost trust in TBE's board and management they will bail. There are tons of great assets to be had in the WCSB. Conoco Phillips just put up their assets for sale including over 6000 boe/d at Mantario. There is also production for sale or to be had around Provost (AEI perhaps SGL?) Deals can be made. Why is TBE paying a VP of land a big salary? If you are ejecting from heavy oil why keep a VP of heavy oil? These are questions the big investors are asking. Why do you keep contracting production? Why are you staying with under performing op's people? Smart money will only put up with the nonsense for only so long.Keep fiddling around and your shares trade like a distressed asset. Sad but true.
Bullboard Posts