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Last C$0.36 CAD
Change Today +0.02 / 5.97%
Volume 769.3K
TBE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 11:10 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

twin butte energy ltd (TBE) Snapshot

Open
C$0.34
Previous Close
C$0.34
Day High
C$0.36
Day Low
C$0.33
52 Week High
08/29/14 - C$1.90
52 Week Low
08/24/15 - C$0.25
Market Cap
125.5M
Average Volume 10 Days
2.1M
EPS TTM
C$0.05
Shares Outstanding
353.4M
EX-Date
08/27/15
P/E TM
7.3x
Dividend
C$0.04
Dividend Yield
38.59%
Current Stock Chart for TWIN BUTTE ENERGY LTD (TBE)

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twin butte energy ltd (TBE) Details

Twin Butte Energy Ltd. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Western Canada. The company has approximately 19,000 barrels of oil equivalent per day of production with a focus on medium and heavy oil in the greater Lloydminster and Provost areas along the Alberta and Saskatchewan border. Twin Butte Energy Ltd. was founded in 2006 and is headquartered in Calgary, Canada.

Founded in 2006

twin butte energy ltd (TBE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$229.4K
Executive Chairman
Total Annual Compensation: C$400.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$360.0K
Chief Operating Officer
Total Annual Compensation: C$229.4K
Vice President of Engineering
Total Annual Compensation: C$270.0K
Compensation as of Fiscal Year 2014.

twin butte energy ltd (TBE) Key Developments

Twin Butte Energy Ltd. Reports Earnings Results and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Approves Reduction to the Monthly Dividend Payable on September 15, 2015

Twin Butte Energy Ltd. reported earnings results and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of $23.290 million compared to net income of $7.181 million a year ago. Basic and diluted loss per share was $0.07 compared to basic and diluted earnings per share of $0.02 a year ago. Capital expenditures were $17.012 million compared to $21.724 million a year ago. Net debt was $307.672 million compared to $352.198 million a year ago. Petroleum and natural gas sales were $77.318 million compared to $152.566 million a year ago. Funds flow was $56.982 million or $0.16 per basic and diluted share compared to $48.520 million or $0.14 per basic and diluted share a year ago. For the quarter, the company reported light & medium crude oil production of 7,882 bbl per day compared to 7,523 bbl per day a a year ago. Heavy crude oil production was 7,312 bbl per day compared to 11,354 bbl per day a year ago. Natural gas production was 12,189 Mcf per day compared to 12,122 Mcf per day a year ago. Natural gas liquids was 125 bbl per day compared to 212 bbl per day a year ago. Barrels of oil equivalent as 17,351 boe per day compared to 21,109 boe per day a year ago. For the six months, the company reported net loss of $45.737 million compared to $8.059 million a year ago. Basic and diluted loss per share was $0.13 compared to $0.02 a year ago. Capital expenditures were $42.054 million compared to $59.615 million a year ago. Net debt was $307.672 million compared to $352.198 million a year ago. Petroleum and natural gas sales were $139.031 million compared to $301.766 million a year ago. Funds flow was $112.349 million or $0.32 per basic and diluted share compared to $99.904 million or $0.29 per basic and diluted share a year ago. Reduced net debt by $26.2 million to $307.7 million from March 31, 2015, providing a debt to cash flow ratio of 1.3 times on an annualized basis. Net debt has been reduced by $45.6 million year to date. For the six months, the company reported light & medium crude oil production of 8,180 bbl per day compared to 7,568 bbl per day a year ago. Heavy crude oil production was 7,893 bbl per day compared to 12,014 bbl per day a year ago. Natural gas production was 12,165 Mcf per day compared to 12,161 Mcf per day a year ago. Natural gas liquids was 149 bbl per day compared to 206 bbl per day a year ago. Barrels of oil equivalent as 18,250 boe per day compared to 21,815 boe per day a year ago. The Board of Directors of the company has approved a reduction to the monthly dividend to $0.003 per share effective with the August dividend payable on September 15, 2015. This dividend reduction from $0.12 to $0.036 per share on an annual basis will help ensure improved balance sheet and capital program flexibility during this low price period in the commodity cycle.

Twin Butte Energy Ltd. Confirms July 2015 Dividend Payment, Payable on August 17, 2015

Twin Butte Energy Ltd. confirmed that its cash dividend in respect of July 2015 production will be $0.01 per share. The eligible dividend will be paid on August 17, 2015 to shareholders of record on July 31, 2015. The ex-dividend date is July 29, 2015.

Twin Butte Energy Ltd. Presents at CIBC 7th Annual Unlock the Rock: Stampede Energy Conference 2015, Jul-06-2015

Twin Butte Energy Ltd. Presents at CIBC 7th Annual Unlock the Rock: Stampede Energy Conference 2015, Jul-06-2015 . Venue: The Westin Calgary, Calgary, Alberta, Canada.

 

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