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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
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Comment by bshort92on Sep 15, 2015 10:30am
100 Views
Post# 24104723

RE:RE:New Low...

RE:RE:New Low...So CJ buys 3300 BOE/d light oil from PWT for $129 million or $39 K per flowing boe. Makes you wonder why TBE would pay $51 K per flowing boe for 7000 boe/d of medium oil. OK thats in the past but why can't TBE use their PWT connections and pick off some light oil on the cheap from PWT like CJ did this morning? Sure TBE has no dry powder and can't upgrade their assets as they are too highly leveraged and unwilling to step up in the carnage to insure future prosperity. Always a day late and a dollar short. The beat down continues with RBC and Anonymous firmly in charge.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities