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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
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

Twin Butte Energy Ltd
Bullboard Posts
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Comment by PUNJABIon Aug 28, 2015 7:49am
100 Views
Post# 24058568

RE:4 dollar up day - i guess that would be today

RE:4 dollar up day - i guess that would be todayAt these lower prices it does not makes sense to short the stock. Around $.30 there is not much fat left in the share prices to short.  How much lower can they take down the share price. It is not going under zero.  At this price market cap is only $118 m.  

Down side to the stock is limited where upside is substantial. Risk reward does not justify shorting at these prices. The stock is trading at these present prices due to panic & forced selling.


When the crude pops & recovers stock which have been beaten to the pulp can bounce violently.

Shorting at these prices is trapping one self.

Bullboard Posts
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