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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 HCI_STEELon Jun 30, 2016 2:24pm
146 Views
Post# 25013230

CCAA means the banks also risk not getting 100%

CCAA means the banks also risk not getting 100%Currently the banks get 100% of their money back IF SH's and DH's vote yes.

If (actually, ...WHEN) DH's vote NO, (SH's will prob vote yes cuz they should recognize they are getting money that the DH's should be paid),  the banks have the choice to call the loan and face getting less than 100%, ...  OR TBE mgmt will have to restructure the offer to give DH's more, at the expense of SH's. Mgmt still keep their jobs, SH's get less, DH's get more, the bank still gets 100%.

I'm not falling for the argument that TBE is just stalling to hold off the banks for 3 months hoping oil will be better. The banks have decided they want their money.
Bullboard Posts