GREY:NOVUF - Post by User
Post by
jstinveston Mar 03, 2012 10:29pm
555 Views
Post# 19623197
How much longer?
How much longer? Does anyone have an idea as to how long we can expect NVS to be held below $1.20 and why it's being held down? Hopefully it's not like a Daylight Energy type story where it was clear some held the stock below $5 for an eventual take out at $10.08 announcement.
Given that oil is averaging well over $100 per barrel the past 2 months, Novus cash flows should be extremely strong when they report their next earnings. It appears to me that there are some just trying to hold it down but one has to think that it wouldn't last for much longer (it certainly can't be the case when next earnings comes out as the low ratio valuations will bring new buyers in).