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Novus Energy Inc NOVUF

Energy Oil & Gas E&P


GREY:NOVUF - Post by User

Novus Energy Inc > Recent Acquisition in Dodsland
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Comment by GLENN#on Apr 19, 2012 4:21pm
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Post# 19814086

RE: RE: Recent Acquisition in Dodsland

RE: RE: Recent Acquisition in Dodsland

For someone to buy us out they will have to come up with about $235m+ based on the Raging River Exploration deal and our production.  Plus Raging River Exploration market cap is $183m and we are at $160m; we are a little large for a takeover by them.

Tamarack Valley Energy Ltd. just did the Acquisition of Echoex (private co) for $16m plus debit.

I am surprised that the activity in the area has not done anything for the other stocks share price even with getting the Edmonton Price for oil of about $85.00 and gas at $1.91

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