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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
Comment by Papagalloon Sep 14, 2015 11:30am
100 Views
Post# 24101577

RE:RE:Talledega...oh YE of little faith

RE:RE:Talledega...oh YE of little faithI respect you sir...I know it is not easy and many, myself included, share your frustration. The reality is that the so called experts are nothing but paid shills. You are right, none of them predicted the current mess. In fact, every BNN talking head was pumping PD, TDG, CPG, HNL, and every commodity this time last year. The canary in the coal mine for me was the 60 Minutes report on China's ghosts cities. That was reputable, responsible, unbiased journalism, and a significant advance clue that we were about to come off the rails. As for oil and TBE specifically, one has to simply look at how many producers have cut capex, cut jobs, cut drilling, cut rigs, cut production, and ask themselves if a rebound is near. I have communicated extensively with TBE management. I believe that they are well positioned to ride out this storm and fully recover as a stronger, better company. The belt tightening, if nothing else, was a wake up call and a great way to eliminate all fat. TBE dividend policy ensured hedges, otherwise they would have collapsed under their debt. They are now comfortably able to service their debt regardless of volatility. I have doubled my position at these levels after the recent insider buys and obviously am confident in their business plan. Good luck to you and I believe you will recover and profit.
Bullboard Posts