GREY:TBTEF - Post by User
Comment by
bshort92on Sep 17, 2015 11:10am
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Post# 24112142
RE:why is this flat
RE:why is this flat
The shares are not being manipulated they are being traded. The macro is still a shambles with WTI under $55 until it is back to that level TBE is dead money. The present team is striving to get the operational house in order. Accordingly they must stop the production losses, quit slashing the dividend, stop the endless reserve write downs, continue to transition to higher netback medium barrels and manage the balance sheet by paying down debt and trying to layer in more hedges to 2016 production. Until volume in the trading improves this isue is going no where but hovering around .30.