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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
Post by bshort92on Aug 18, 2015 8:12pm
228 Views
Post# 24029890

Whitecap

Whitecap
The Globe and Mail says analysts still like WCP for their aggressive approach to growing their business through M&A. Read the article if you want to be enlightened amidst this turmoil. At one time TBE and WCP were like sized but WCP made some significant asset purchases that they made work by actually increasing production. TBE could have done the same as they were equally aggressive on the M&A front but they bought second rate garbage assets and chose to employ second rate op's personel who could not get the job done production wise. Hence why WCP has a market cap north of 3.5 billion as of today in the worst possible oil market in a decade and TBE's is still in free fall at $117 million and going lower. Talk about the dead money zone...TBE is the poster child and the PWT imports are still trying to do at least one thing right. When? How? Where? Never?
Bullboard Posts