Novus Energy Inc NOVUF

BNN Link:

[jstinvest]

Here's the link to the commentary on Novus being a very likely take over candidate:

https://www.bnn.ca/Shows/Commodities.aspx

Go to 2:50 mark - NVS and RPL are two of the largest holders of land in West Central Saskatchewan. Already recent take overs in the area makes them prime targets. RPL already had it's big run, time for NVS to start moving.

[jaybee21]

Takeover candidate , i hope not yet ,  lets grow to 8,000 to 10,000 boepd          MEL an 8 or 9 % premium what a RIP . if you look at the chart MEL was higher then that 6 months ago , so really it sells at a discount , long term investors  get screwed  

[casey161]

Gents, we went from 1 rig running last year to 3 rigs this year (if you could the rig punching surface holes)........... it's all looking really nice, a take over right now would be unfortunate given the drilling momentum we have this year.  Not 100% on how many wells they plan this year but if you are doing a well every 3-4 days (driling time)  with 2 rigs going we could

[jaybee21]

Guidance has them drilling 73 wells this year with an exit 2012 rate of 4500 boepd up from about 3000 boepd exit rate 2011 .. looking out the 2013 exit rate could be in the 6000 to 7000 boepd range if all went well .