GREY:NOVUF - Post by User
Comment by
luckythoron Jun 14, 2013 4:15pm
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Post# 21526748
RE: Pennydeadful not so bright
RE: Pennydeadful not so bright Ard, I totally agree. The market has the company valued at $150M at these levels.......this year production revenue will exceed $100M........net income over $10M. Are these the numbers of $150M company? To startup a company with the proven oil resources would cost over $500M just for the completed wells. This company has the proven oil resources, over 650 producing oil wells,affordable debt load. low net operating costs, etc., and the market continues to punish NVS and most energy stocks. On another note, did anyone else notice that one of the companies handling the value realization process sold shares on the market yesterday. This was the first time that I noticed that either company had bought or sold shares since the announcement in Dec/12. I sent an email to NVS asking about this procedure and was advised to contact the brokerage which I did. I was advised that they engage in unsolicited business and must adhere to their clients wishes and that not every individual had the privileged information that was taking place. Does anyone know if this is correct? Your thoughts?