Twin Butte Energy Ltd TBTEF

Oil is trading on sentiment and FEAR

[Papagallo]

TBE has taken all the right steps...slashed dividend, reduced executive compensation, squeezed cost savings from suppliers, trimmed capex, made huge debt reduction, transitioned to lighter oil with higher net backs, hedged production and shut in unfavourable wells. There is no way to eliminate all risks but TBE has arguably done better than many peers. It is always darkest before dawn and fear is running rampant. If TBE does receive a hostile bid it will need to be a minimum of $1 imho.