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Bullboard - Stock Discussion Forum
Novus Energy Inc
NOVUF
Energy
Oil & Gas E&P
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Bullboard (GREY:NOVUF)
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•••
GLENN#
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Comment by
GLENN#
on Aug 29, 2013 12:13pm
RE:At risk?
I think there is a possiblity. If they were so close to a deal, why did they extend the AGM 2 months out? It has crossed my mind that this was 'planned' leak. The buyer
...more
(0)
•••
naeden99
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Comment by
naeden99
on Aug 29, 2013 12:09pm
RE:RE:RE:ANYONE call the company to find out if
Glenn, You are the one that sounds like the spoiled little kid with this post. Clearly the deal terms leaked before they were ready (likely both sides). I can tell you from personal experience
...more
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•••
ardvark11
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Comment by
ardvark11
on Aug 29, 2013 12:06pm
RE:At risk?
It is very possible that a timely deal is at risk. The way that asian companies negotiate is pretty cut throat and they do not want to show thier cards and wherer they are willing to go.
...more
(0)
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brandonn
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Comment by
brandonn
on Aug 29, 2013 11:17am
RE:RE:RE:ANYONE call the company to find out if
Yeah, I agree...the process has been out for sometime now. Mcready had it on BNN. Novus has a big position in Dodsland, Flaxcombe where much consolidation is taking place. Look at companies
...more
(0)
•••
ardvark11
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Post by
ardvark11
on Aug 29, 2013 11:13am
Leak and Timeline
The trouble is is that the cards have been shown and it may have not been the case with the negotiations. They were probably not complete or if they were a board meeting was not held to approve
...more
(0)
•••
GLENN#
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Comment by
GLENN#
on Aug 29, 2013 10:35am
RE:RE:ANYONE call the company to find out if
Ready or not for the news the company could have come out the winner, but there actions are making them look bad. Like a spoiled little kids that is not getting there way. This is why PR
...more
(0)
•••
specboy2011
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Comment by
specboy2011
on Aug 29, 2013 10:15am
RE:ANYONE call the company to find out if
Thinking a lot of people going to get in sheet.Obviously rumopr was leaked and now trades might get checked as well.NVS did right thing halting regardless but my guess not all the players were
...more
(71)
•••
BioBilly
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Comment by
BioBilly
on Aug 29, 2013 1:31am
RE:RE:according to reuters
All this news is giving me a stiffy. Lol
(43)
•••
brodeur
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Comment by
brodeur
on Aug 28, 2013 11:51pm
RE:according to reuters
sorry, read wrong figure. it's $500m CDN, not $475.94m. thus, it works out to $2.64/share, or 314% premium.
(43)
•••
brodeur
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Post by
brodeur
on Aug 28, 2013 11:49pm
according to reuters
https://www.reuters.com/article/2013/08/28/press-digest-hongkong-idUSL4N0GT0DF20130828 HONG KONG ECONOMIC TIMES -- Yanchang Petroleum International Ltd would fully acquire Novus Energy Inc, a
...more
(0)
•••
madmagoo
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Post by
madmagoo
on Aug 28, 2013 9:29pm
2 bucks
Energy Summary for Aug. 28, 2013 2013-08-28 20:12 ET - Market Summary This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers. Here is a
...more
(15)
•••
Marlbank
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Post by
Marlbank
on Aug 28, 2013 7:57pm
So, 500m raised in convertible bonds by Chinese-Canadian entity
But how much is spent on Novus acquisition? The multi-million dollar question....
(0)
•••
naeden99
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Post by
naeden99
on Aug 28, 2013 7:03pm
Very detailed article on the proposed transaction - Google Translated.
https://hk.eastmoney.com/news/1532,20130828318465419.html Biography Yanchang Petroleum intends to purchase the Canadian business market three times its purchase price Novus
...more
(0)
•••
gerat
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Post by
gerat
on Aug 28, 2013 4:46pm
We can hope but
Usually if it seems to good to be true it probably isn't.
(0)
•••
vienna
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Post by
vienna
on Aug 28, 2013 4:31pm
Andrew Mccreath on bnn after hours
He just talked about Novus if you missed it. He compared other recent buys and agrees it can be $2.25 a share on takeout but otherwise only $1.10-$1.20 Also mentioned that Novus wasn't prepared
...more
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