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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 Oct 06, 2015 10:43am
88 Views
Post# 24167106

RE:RE:RE:RE:RE:Laggard

RE:RE:RE:RE:RE:LaggardIf an insider buys 200 k shares at .32 its a $64 k transaction that is really chump change. So TBE trades at .33 on 367 million shares out that is a $121 million market cap. Throw in $310 million of debt the enterprise value is $431 million. If they presently produce 16,500 boe/d then they trade at $26,125.00 per flowing boe. The share price is not stable. It is distressed. The institutional investors shun this story. It is toxic. It is to be avoided because they have been burned by repeated BOD and management errors. It's dead money and not on any ones radar who is a rational energy investor.Hope,pray and wish all you want.
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