comments... A few thoughts...
On NVS being a buy out:
Lost confidence in this when Nuttal said way back that they would be bought out in 6 months at about 1.70. It looks like he sold most of his position afterward. So would be nice but don't hold breath.
On buy back program:
This really only makes sense if shares are purchased at a good discount to prior financing. The last financing was warrents at 0.75 so it make no sense now at 0.90 to buy back any shares. They made a good return on the past program now it's time to drill and do tie ins.
On rerserves and recovery:
These wells last for over 5 years but are producing less than 10 bpd in the later years. The recovery is 20,000 bbls in the first 2 years. It's not big but steady. I always thought that Novus should be talking to pension funds for a buy out. That's what they are looking for. The 50,000 bbls recoverable per well makes sense and is proven.
On future share price:
NVS has actually been ahead on the seasonal move up of energy stocks. This is probably due to some speculation of a take over as already being talked about on the board. Either way, money starts to flow into the sector starting in november and this will float all boats including slow and steady Novus as the charts show past behavior. my fingers crossed number is 1.50 in feb but who knows could stay at .90 or do its peak and dive as has happened before. Steady growth will be the key anyway. They need to continue to focus on increasing production (ovious), but why not drill an infill well to see if all this potential is actually there or maybe they are waiting for others in the area to prove this out without spending the million$.