Twin Butte Energy Ltd TBTEF

RE:RE:RE:RE:RE:RE:WHO THE FN IS HOLDING THIS BACK

[bshort92]

TBE being flat against a broad based rally in the WCSB is no mystery. Today laggards like RMP up 12%, PWT up 21%, RE up 20% (they are not even drilling), NBZ up 8% and BTE up 15.5% all spoke volumes that the WCSB patch is alive and well except for TBE. PGF sold 2700 boe/d medium oil non core property today at Bodo near Provost TBE's core for $95 million or $35 K per flowing boe. TBE paid $51 K per flowing boe for the 7000 boe/d Provost medium oil asset from BlackShire for close to $360 million. The market cap of the WHOLE company is now 1/3 what they paid for that asset: $120 million or so. TBE extols low cost efficiency, enhanced horizontal efforts in both their medium and heavy oil properties and a supposed robust Q3 drilling effort. But no news and no activity means dead money and no new  investors. The buyers are being met by very intensive selling today BMO was selling all day into the perceived strength. The story is emphatically toxic and hopeless. Real investors not name calling penny stock flippers should demand more action and effort to improve the company's valuation. Its obvious the BOD and management need to become more aggressive and urgent in this firms plight.