Novus Energy Inc NOVUF

FYI

[GLENN#]

Invicta Engery vca-v is a neighbor of Novus around Kindersley, SK.  These 2 companies are mirros of each other with the exception that Invicta is much smaller.  They came out with great Q4 results today.  Invicta volume jumped 10 times today.

If novus results are half of what they came out with, I can see
.20 + jump.  There price per barrel for Q4 was better than what I thought.  I can see $1.50 per share for Novus by summer.  They both release reserve estimates about the same percentage increase.

Technically Novus is building a strong base and with an accending triangle (higher lows / lower highs) - telling me any good news will result in a nice jump.

With the weather around Kindersley spring breakup will be early this year.  The snow storm a couple of weeks ago is almost gone.

[j.r.oilking]

Yes, this is correct strong base.

[cookster9]

This post has been removed in accordance with Community Policy

[ardvark11]

warrent overhang.  Feb presentation has 15.5 million at 0.75 per share due end of this month.  about 4 million to insiders only.  The others short at current price then cover.  End of month may see some shocks ----

[hc2111]

Ardvark-- Please explain about the "shocks" at the end of the month.

[ardvark11]

Lots of cheep stock bought up at 0.75 may be sold into market.  I'm not saying this to sell or that it will certainly happen.  Just a potential.  i hope that most of the players who get their 0.75 shares will hold. I am holding and have been for a year..