Twin Butte Energy Ltd TBTEF

TBE

[Godisgreat]

Still lots left for shareholders and deb holders, but needs definitely management change and refininacing or buy out. Assuming deal presented not approved by share and deb holders, Possibility of that looks high.Who knows this management wants deal only with that company who can promise their jobs safe as their performance in TBE is not that reputeable for their good future, and this agrrement may be result of that.
Oil price enviornment is changing for positivity. There may be good chance that September meeting will chalk out some freeze in production.Because  SA is planning to launch Aramco IPO next year. If oil price stay down then chances shareholders investment  will not be favourable for SA. Looks freeze in oil production is on the way and not that far.
If oil production freeze is agreed among all oil producing countries then refiniacing or reputed buy out can happen easily. 
Hope Auguest 29th meeting is not postponed again and agreement struck down.  Whatever way new good  management take over charge, We will feel positivity  in TBE world. Rest time will tell how things will be worked  out . GLTA