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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
Comment by yoplaiton Jun 03, 2016 7:42am
178 Views
Post# 24930393

RE:a rumor lurking

RE:a rumor lurkingYou have a rumor and I have a gut feeling the banks are attempting to WILL/FORCE a solution TODAY when in fact NOTHING is in the works with these ridiculous 1 day extensions! LOL

Nothing but frustration for TBE the banks and shareholders!

The best solution for the banks and the company are to extend the various deadlines out 6 months as an act of reassuring fair lenders originally had in the company.

Isn't it better to wait a little longer for a 100% or improved payback as opposed to forcing 10 cents on the dollar today? These 30 day extensions do nothing for the health of the share price either.

Can the company survive by hedging current production at the todays oil price, procure more working capital to increase production at the lowest cost sites on the basis analysts unanimously agree will be $60 oil by the end of the year? Can TBE grind it's way into profitability or at least survive long enough to be MORE financially attractive as a takeover candidate 6 months out at these assumed higher oil prices?

Cut us some slack, wait it out and be rewarded. All IMHO
Bullboard Posts