Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Almost comical...

[konzelmann]

Well, I always remind myself that you evaluate a current investment based on what it is now, not what it was when you bought it. I still crunch the numbers based on expected production (even though production is down) and come up with a $2 target. Sounds far-fetched right now, of course, but you need to come up with your own valuation methods, not someone else's. Before I would have said $2.50 was the time to sell (I did sell some at $2.49) but now it's more like $2 because of the production declines. So I evaluate TBE as a triple with some dividends along the way. That's pretty good. Someone else name a triple with dividends along the way? Or someone argue with my $2 target? That's with the expectation that they can sustain production in the 16,000 boepd range though, without dilution, and without additional debt. So that's what I'd like to see them do.