GREY:NOVUF - Post by User
Comment by
nlr2on Jan 08, 2012 4:06am
486 Views
Post# 19379636
RE: RE: RE: Profitability
RE: RE: RE: Profitability Haha. What I didn't think that was an insane statement. 25% growth from a junior is respectable and achievable in my opinion. Reserve additions and replacements will come along with drilling so I'm not worried about them achieving that. I think there costs will come down with a full year from their two production facilities and they have shown smarts in securing contractors to long term deals. Ya I agree that Novus is a company were the important figures matter. They have made serious strides since they started and I'm pretty happy so far so no I won't be bailing anytime soon. I think now that they have laid the groundwork by acquiring so much land at the early stage of the play and setting up production facilities they can really push for production growth without bloating the cost side of the equation. Whatever though if you don't agree thats fine.