GREY:TBTEF - Post by User
Comment by
bshort92on Apr 14, 2015 7:39pm
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Post# 23629838
RE:RE:RE:RE:MANIPULATION
RE:RE:RE:RE:MANIPULATION
So WTI hits $53.50 and this issue stays under .70. You think Franklin Templeton is happy with this outfits BOD and management? Seems like the shares are toxic despite a presentation says the shift to medium oil getting $50 + netbacks is the plan. Many issues getting lesser netbacks are getting great attention and share appreciation, many stocks with larger debt loads too. Many spend over 2 X's cash flow. Some do not have over 350K acres of decent inventory. Some have similar decline rates or just slightly lower. But none are this deep in jail as this issue. 19,100 boe/d with a market cap of under $250 million and with debt a $600 million enterprise value the company trades at just a shade under $31,500 per flowing boe. TBE has great volume but the shares are going no where. Why? Will probably trade lower tomorrow. Something is wrong.Seriously wrong with this firm.The worst thing is come their general meeting in mid May the whole bunch will probably be retained to continue the present direction.