GREY:NOVUF - Post by User
Post by
Tradewhoreon Nov 20, 2012 8:25am
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Post# 20620880
Q3 Results
Q3 Results Production was light for sure at 3,150 boe/d and current only at 3.600 boe/d. The company has reduced its exit rate to 4,200 boe/d from 4,500. This will be negative for the stock. The company did mention that its board has taken initiatives to maximize shareholder value in light of interest in Viking oil play in Sask. I think this will come as no surprise to the market, however, this is the first time it has been stated explicitly in a press release. I think we see flat to modestly higher trading today.