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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 PeterWrighton Oct 08, 2015 4:33pm
109 Views
Post# 24176875

RE:RE:RE:RE:TBE should be trading @ .45 right now

RE:RE:RE:RE:TBE should be trading @ .45 right nowI know for myself TBE's hedging for 2016 is very concerning.  They only have 7% of production hedged next year. They are really rolling the dice and hoping for much higher oil prices. 
If the dividend was suspended and more money spent on 2016 hedging I would start beleiving in the managements plan. Everybody is hoping for higher oil prices but nobody really knows if oil is going up or down in the near future.  We might see share price appreciation if oil continues upwards. With such weak hedges I am waiting for stronger oil prices.
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