GREY:NOVUF - Post by User
Post by
jstinveston Feb 27, 2012 8:56pm
429 Views
Post# 19594890
Educated Gusses?
Educated Gusses? Anyone has some realistic guesses as to why the houses are holding NVS at around the $1 level. Could we be expecting a financing soon at these levels? If so why? Just doesn't make sense to me that NVS is at $1 when oil is at $108 and their production is 85% oil and NGLs with no hedges? Based on cash flows and available bank lines, they should have enough cash to carry out their operations? Comments appreciated, thanks.