Novus Energy Inc NOVUF

Revenues down relative to Q1

[Pokerchamp]

Revenues down from 26.851 to 24.083
Funds flow down from operations down from 15.915 to 13.084
Net income down from 5.080 to 3.793
Net income per share down from .03 to .02
Net debt down from 83.001 to 74.728

Nasty

[swerv]

As expected but doesn't really change the direction they are going a blimp on the radar! Results for the second quarter of 2013 were affected by limited capital activity, facility downtimes and operational difficulties as a result of spring break-up. Although eight wells were drilled in the quarter, none were completed and no new production was added. In addition to Novus' own plant

[Pokerchamp]

It seems to me that Raging River operates in the same part of the world, yet their Q2 numbers were UP 10% while Novus was down around 20%.  Not weather, I'd say.

[swerv]

I respect your opinion, but not sure you are getting the whole picture straight.  Anyway believe what you want and sell your shares then.  i will hold mine and buy more! Happy investing!

[Marlbank]

I'm with Swerv that 2Q results were just a blip on the radar. The production trajectory is still moving up briskly and the debt trajectory down briskly. With production at 4000bopd and headed up quickly in Q3, this thing is being shined up for sale. But we all see, of course, just what we want ot see!

[ddogold]

agreed Marlbank , a few more months and we should  be rewarded .