Twin Butte Energy Ltd TBTEF

RE:RE:TBE cost to produce a bbl

[Piranha7]

so you're saying that management is lying to the shareholders when they announced in their Q3 results that they made money? when they pay dividends, pay down debt, and invest in capex, it means they made money, some money anyway. not pumping, just stating the facts. not a shareholder yet, but at those prices TBE is a very attractive prospect. some of the dollar figures per flowing barrel being thrown around is ridiculous. company i work for got paid $57,000 per flowing barrel of light crude when the price/BBl was above $100 around 1.5 years ago. at sub $40/bbl and taking into account debts and other considerations, TBE will be lucky to get $15,000-20,000 per flowing barrel. not good for investors/traders who bought at above $0.30/share, but pretty sweet deal if buying now at those low levels. at the end of the day, TBE is a producing company, producing +16,000 bbl/day and management did a good job brining in some cost efficiencies to their operations as stated in Q3 report (do ur DD). i say it's a good buy at those prices.