GREY:TBTEF - Post by User
Post by
Papagalloon Aug 13, 2015 6:04pm
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Post# 24016581
TBE is a screaming BUY
TBE is a screaming BUYCompare TBE with TOG....same production level, same 2P reserves, same debt level, same dividend, but TBE is better hedged while TOG has more room on their credit line. TOG will have to cut their dividend due to lack of hedges for 2H. SGY was genius to offload assets and debt to TOG. The assets are great but the debt is now a serious problem for TOG rather than SGY. Meanwhile TBE market cap is $155 million and TOG is $1.1 billion.