Novus Energy Inc fka NVS

[sumisu]

These Companies Have Catalysts That You Can Not Afford To Overlook

By Nathan Kirykos - January 14, 2013| Tickers: CNE, KOS, MMT, NVS, PCE

http://beta.fool.com/traderinvestor70/2013/01/14/these-companies-have-catalysts-you-can-not-afford-/21047/?ticker=NVS&source=eogyholnk0000001

Drilling in Canada

Significant stock movements could also take place in the Canadian energy patch during the next weeks, if some deals and transactions are completed successfully. Novus Energy (TSXV: NVS) is an oil producer of 3,600 boepd (77% oil and liquids). In December 2012, Novus retained financial advisors to optimize shareholder value. This includes a sale of the company or a merger with another entity. A deal will most likely take place with a significant premium because Novus trades with low metrics. With an Enterprise Value of $260M and 14.56 MMboe of 2P Reserves [latest report of Dec 2011], Novus trades for $72,000/boepd and $18/boe of Reserves.