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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 konzelmannon Jul 15, 2015 9:02am
102 Views
Post# 23925280

RE:RE:RE:RE:RE:Analysts Set Twin Butte Energy PT at $1.38 (TSE:TBE)

RE:RE:RE:RE:RE:Analysts Set Twin Butte Energy PT at $1.38 (TSE:TBE)
And, $50,000 /boe puts TBE at around $1.38 according to my napkin math. And historically, assets sell for far greater than that.. Again, the point of this is that even if we give TBE a really low and conservative valuation compared to any of its peers, to account for the fact that TBE isn't perfect, it's still more than a double. Usually conservative targets aren't doubles, but it is, because that's how undervalued TBE is because the market is crying about the sky falling.
Bullboard Posts