Novus Energy Inc NOVUF

Strategic Alternatives

[Gaswell]

Due to the high quality of Novus' asset base and the significant amount of industry interest and recent activity in the Company's Viking oil core area of Dodsland Saskatchewan, the Board of Directors of Novus have struck a Special Committee of the Board to consider how to optimize shareholder value.

[jaybee21]

If they did sell the Dobsland  assets whats it worth , $100,000 per flowing barrel ? and keep the new core lands area in Alberta

[Tradewhore]

See my note from last week. About $1.40 plus whatever value they can extract from Alberta assets.

[cookster9]

This post has been removed in accordance with Community Policy

[magikal1977]

Andrew Bell just mentioned novus on BNN speculating new commitee formed is for possible sale of the company

[Tradewhore]

I have read three. Desjardins, Canaccord and National all discussed the miss in production, but really highlighted the assemblance of the special committee as a positive for the stock. They have contemplated takeover prices between $1.10 and $1.50 based on precedent metrics for production, cash flow and reserves. The close today will be binary. We are at 0.96 right now. I think we see late profit