GREY:TBTEF - Post by User
Post by
Godisgreaton Mar 27, 2016 9:33am
225 Views
Post# 24702785
It,s gamble time
It,s gamble timeWe know that TBE has medium and heavy oil assests. In this low oil senario if they are shutting down the heavy oil assests. I will think that is the good move for the time being and think they should done this in start of this year when good hedges were done.
This way they will loose less money per barrel.
I think same thing BTE did they switch 85% oil extraction this year to US resources where break even price is quite less and they shut down on reserve with around 7600 bbl per day for time being.
If banks cooperate with them and restructure TBE finances, We should hope little good future.
TBE has assests, But their problem is money and oil market.
In my views This is the time to stick with what ever stocks we have, Either if they are buyout we can make some money and if survive then in long run can be little benifit, unless they declare bankrupsy or Banks don,t cooperate. It,s totally gamble at this point and game of guts now.