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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
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

Twin Butte Energy Ltd
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Comment by Toast2changeon Aug 31, 2016 12:26am
138 Views
Post# 25194073

RE:RE:RE:RE:RE:RE:The clock is ticking really fast now

RE:RE:RE:RE:RE:RE:The clock is ticking really fast nowYou obviously do not know the complexities of O&G production.

As someone familiar with the O&G industry I know the banks do not want to hold on to any O&G reserves. 

O&G assets in various stages of production cost money to manage, market, maintain, shut in, and reclaim. Banks don't want to do this it's not their business.

Good (profitable producing wells) and Bad (shut in and abandonned wells) assets will be bundled together and dumped for as much money as they can get. Reserve prices yah sure 10-25% of suggested asset value. 

Ever been to a foreclosure sale? The bank wants as much of their investment back as possible... that's it! If they lose money on asset sales well they have a ton of capital gains to write-off! 

Keep living the debenture dream hopefully you didn't invest using your RRSP.

Better luck next time





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