Twin Butte Energy Ltd TBTEF

Keep Focused on the Improved Oil Price

[PetroExplorer]

Don't let silence break your spirits: receiverships can drag on, and on.  Companies with cashflow, can attract more attention from  various buyers, so it takes time to sort out various proposals.

Price comparisons for Western Canada Select Crude Oil:

Current:                    $50.46

One Year Ago:         $32.21

Q1 2016 Ave:           $26.34

Q1 2015 Ave:           $42.78

Higher oil prices, will make alot of difference.  The longer this drags out, the better for shareholders, as the banks recover more money, from cashflow.  Eventually, the outstanding debt will become smaller, and perhaps within range of what the assets could support, that a bank would be willing to lend to.