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.
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