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Bullboard - Stock Discussion Forum Novus Energy Inc NOVUF

GREY:NOVUF - Post Discussion

Novus Energy Inc > Earnings?
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Post by Blazin_Sunfire on Nov 15, 2012 8:41pm

Earnings?

When are they due?
Comment by Blazin_Sunfire on Nov 15, 2012 11:34pm
Thanks for the reply! For some reason i thought it was due yesterday,and they were late in releasing for some odd reason.
Comment by Blazin_Sunfire on Nov 16, 2012 8:48am
 Kikininteeth, thanks for the clarification and kind words. I "discovered" this stock when Eric Nuttella recommended this on BNN. I like this play, but was dismayed when I bought around 1.15 and it dropped down to these levels, never recovering past my buy in since. It will get there, but in due time i suppose.   Puntabeach, if they were buying back shares, wouldn't we see ...more  
Comment by Tradewhore on Nov 16, 2012 4:39pm
The company will report on Tuesday. They originally were supposed to report yesterday but I think they pushed out a week so they can bring as much production online as possible so they can show progress towards hitting their exit prduction target. The company will miss its Q3 production consenus from analysts by 100 boe/d. No big deal, as long as they can meet their exit guidance. I would like to ...more  
Comment by Tradewhore on Nov 16, 2012 5:02pm
In a different market, I would agree. Nobody gives a rats as about production growth right now. They need to do something to unlock the value. Companies that are spending more in capital than operating cash flow are being ignored by the market. FCF is king. I guess it depends on your entry point. Mine is $0.80 so $1.40 would be a nice punt.
Comment by luckythor on Nov 16, 2012 9:57pm
I posted that the earnings were to be released as per an email from J. Din on 9/21/12, I reposted that the Q3 results would be out before opening bell on Nov 20th as per his reply from my email on the 15th. I know, I am expecting great results, but I have been disappointed more than once in the past.