Novus Energy Inc NOVUF

Shares

[luckythor]

Novus - 189M shares which goes to 212M if options exercised (sure that they would be if takeover results) + NVS would have an additional 17 - 20 M dollars cash. RRX has just over 156M shares o/s .....didn't bother to look up if there are any options available. This is why I believe NVS shares are undervalued when considering both assets are in the same vicinity and production is relatively equal.

[kikininteeth]

Good stuff Thor, I have another thought I missed earlier. NVS is ~77-78% oil and Natural gas liquids. Some were trying to compare the price Long Run sold assets (1900 BOE) for. I think it was 95,000 per flowing barrel. Long run though was ~95% liquids, 1800 of 1900 was, with only 100 BOE in a dry nat. gas state. So it is hard to use that comparrison. 

[luckythor]

Kik, in answer to your comparasion with Long Run using $95000 x1800 = 171M which means 100/other  100 x $90000 = 9M for your selling price of 180M. The latter number looks totally incorrect, so I would suspect that they received a minimum of 97,500 per flowing barrel and 45000 other to get the total. If we use the latter numbers, NVS should expect to receive 3300 x 97500 = 321.75M plus

[kikininteeth]

First off.... I am quite sure who stated "that the market had "little faith" in mgmt." I saw that on BNN as well and made sure management saw the clip of who said it, I'll leave it at that....but I was pleased with the response! I had not seen any Insider selling by name, you know on Canadian insider, yet I saw on the TMX that insiders were selling, when they were in the