GREY:NOVUF - Post by User
Comment by
luckythoron Jan 04, 2013 6:29pm
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Post# 20800061
RE: RE: RE: IR on holidays until jan 9th
RE: RE: RE: IR on holidays until jan 9th Firstly, if the IR dept. is on holidays till Jan 9th, I do not believe anything will happen til their return. Secondly, largeinvest as much as I appreciate your numbers, I believe they are low and here is my logic. Without using formulas, Teine Energy paid $180 million for Long Run (1800boed) if NVS production is 4200boed as of Dec 31st that takeover formula would bring $420 million which is approximately $2.00/share. Without checking, I do not know if that number included debt, however, NVS has a tax loss saving in the neighbourhood of $250 million which should offset the debt. Therefore, I anticipate a takeover price of $1.70 - $ 2.00 minimum. I would like to hear other thoughts.