GREY:NOVUF - Post by User
Post by
nlr2on Dec 07, 2011 5:44pm
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Post# 19301210
Compass
CompassCompass is post bid now. Be interesting to see who bought them and for how much. Let us value Novus and see who is interested in the play. I think just because NVS has 60 million dollar line means they will use it all. I'd imagine they would stick with the industry norm and have 1-1.5 times debt to cashflow. When your holes are 900,000 and you have no exploration risk and no need to buy more land there is less risk of digging yourself into a hole.