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Twin Butte Energy Ltd TBTEF

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

Bullboard Posts
Post by HVBakshion May 20, 2016 7:59am
202 Views
Post# 24891496

TBE most likely scenario is positive

TBE most likely scenario is positiveLenders would have already pulled the plug IF that was their intent....therefore it is most likely that the deal the bankers want requires the debt holders to convert to common..(major dilution but better upside than debt and equity at zero) in exchange for a renewed bank line at current levels for one year. The stock will reverse split and recover with oil prices or get taken out. 
Bullboard Posts