GREY:TBTEF - Post by User
Comment by
konzelmannon Jul 15, 2015 8:52am
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Post# 23925242
RE:RE:RE:RE:Analysts Set Twin Butte Energy PT at $1.38 (TSE:TBE)
RE:RE:RE:RE:Analysts Set Twin Butte Energy PT at $1.38 (TSE:TBE)
I'm actually surprised that SGY's netbacks are not much better than TBE's. SGY also has a ton of debt from what I can remember, more than TBE. But the SGY assets are undoubtedly superior. So you look at SGY's valuation, chop a bit off, and you have a target for TBE. I could agree that $50,000 /boe is reasonable until oil is closer to $80