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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 uwinsomeon Jun 02, 2016 7:15pm
328 Views
Post# 24929252

Hints...

Hints...Missing in their recent media notes releases is that the company may cease to exist as a going concern. The fact that the banks granted a longer extension rather than the last two 24 hour notices is indicative of them being more optomistic that something positive is in the works.

I doubt that there would be all of this build up and a real chance of a news leak to insiders if a sale of the complete company was going to take place. 

My gut instinct is that a debt restructuring will take place or a partial asset sale. Maybe both.
Bullboard Posts