Twin Butte Energy Ltd TBTEF

RE:RE:Management

[bshort92]

TBE is sinking because the divco model can only work if they can raise or hold production. It failed because their production went from a purchased and merged 26,100 boe/d to today's 17,300 boe/d and going lower. As a result the share price went from $3 to today's .34. They simply can't execute operationally hence why the founder left this sinking ship and brought in two underachieving ex PWT execs to right the company. To date their efforts have produced nothing. The dividend is not sustainable if production is plunging. They don't have the asset's or operational abilities to grow production. The dividend is their only way to attract anyone stupid enough to invest with them. Garbage does not float. Their is no longer any economic basis to short this dog. The clown at RBC selling the past two days is scared nothing else.