Twin Butte Energy Ltd TBTEF

Sinoenergy

[OOU812]

During the last few years Sinoenergy has bought three companies in Canada.
The first  was New Star Energy whose selling agent was Macquarie.  
https://calgaryherald.com/business/energy/new-chinese-owner-to-accelerate-drilling-program-at-new-star
The second was Long Run whose selling agent was also Macquarie. 
https://calgaryherald.com/business/energy/sinoenergy-investment-revealed-as-chinese-suitor-for-long-run-exploration

Despite having their hands full with New Star and Long Run,they made a good offer for Twin's assets.Why? Why didn't they make an offer the first time around?
Guess who put the bug in their ear about twin?
Macquarie had studied twin inside and out and convinced Sino as well as others to bid on its
assets.Thanks to their efforts twin received a number of good bids.
Very seldom does a company fetch more in bankrutcy than on the open market.
One reason for this is most tax pools aren't part of the bargain.Twin's production
dropping  faster than Trudeau's popular support wasn't helping either.

I've never seen a game where the deck was so stacked against us.
There was no way in hell we should've won this,yet we did.