Twin Butte Energy Ltd TBTEF

RE:RE:RE:It's all about the Management

[roniejames]

Kherson wrote:

frankstevens17 wrote: The complete collapse in the stock price tells me TBE has far more difficulties with it's bank relationship than the average retail shareholder could imagine in their wildest dream. Someone mentioned that management/insiders "insiders have a pile of shares", but from my research the last big capital raise by management was 18 months ago at $1.75 and that money is now lost forever. My guess is the insiders are "tapped out" as far as money is concerned and even if they weren't it doubt they would chase this company stock any further. Sorry to burst anyone's positive thoughts but that's how I see this situation. The combination of no end in sight for weak oil prices, the Canadian dollar weakness and the fact Alberta nd Federal politicians are focused on climate change and alternative energy solutions this looks about as bad as it can get for the future of the oil industry. I know the old saying "it's always darkest just before the dawn" but sometimes there is a once in a lifetime change happening, look what happened to the horse and buggy when automobiles came along. Having painted the possibility of bleak future for the oil industry, I and others are so far underwater we might as well hang on and see how things play out in the coming months/years.

Very good post Frank. What we now need in this country is a National Energy Plan. I actually believe that the Liberals in Ottawa also recognize this as the newly drafted Energy East Pipeline could be a cornerstone of any such plan.
Instead of giving our crude to the Americans, lets refine it here in Canada and sell the end product on the World Market!
Kherson

I see another one of Khersons top picks is going to zero, par for the course... Too funny