Novus Energy (NVS.V) Buy, Sell or Hold

Novus Energy (NVS.V)

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HOLD

Stuck in a holding pattern because everyone is waiting to see if they finally get a bid for the company. If they don’t, the production declines are probably a little higher because they have been growing production very aggressively. Risk reward is probably $.20 up and $.20 down which is not overly compelling.

COMMENT

Mostly light oil. Chart shows huge resistance at about $0.80. If it drops below this, he would not want to own it. Thinks there will be a move at least back up to the $1.20 area.

DON'T BUY

Has been rumoured to have been for sale for a couple of years and now it is for sure. The problem is that there is a glut of assets for sale in Western Canada so they are joining a big queue of companies that are for sale. He always felt that the reserves were booked fairly aggressively.

DON'T BUY

Board has effectively said that the company is up for sale. Recent market transactions for their Viking assets would take fair value of $1.15-$1.30. Gain with today’s price would be $.05 to $.20 if they find a bidder. His trouble is that there are no real obvious acquirers.

HOLD

Announced mid-November that they were putting the company up for sale. Did a great job of growing production but hit a wall. Takeout value would be $1.15-$1.30.

DON'T BUY

(Market Call Minute) Becoming more intriguing. Growing production 40% next year. They have to sell it or pay a dividend next year.

BUY

Oil and gas producer in Viking area. 80% oil. Likes it. Take half a position now and half when they have advanced their projects further.

COMMENT

(Market Call Minute.) Really, really, really cheap. Wouldn’t be surprised to see it taken out.

HOLD

(Market Call Minute.) Will probably get caught up in consolidation but you will have to be patient for a while.

BUY

(Market Call Minute) Balance sheet good. Cheap multiple. Small, Small cap oil producer.

PAST TOP PICK

(A Top Pick Dec 14/10. Down 10%.) Thinks FV (Fair Value) is over $1. Still likes.

DON'T BUY

Southeast Saskatchewan Viking player. Expect they will be a potential acquisition target down the road. Concerned that their reserves are a little aggressively booked.

HOLD

The stock has gone down but production level has gone up. Had good success in the Flaxcomb area. They are advertising rates of over 150% on $90 oil. Debt to cash flow is 1.4X using $90 oil. Coming into tax loss selling so it is down along with a lot of others.

BUY

Production is steadily growing. Were successful in mounting a pretty active drilling program in Saskatchewan despite the extremely wet weather. Sitting on an inventory of 440 net risk locations in the Viking. Where the economics are fantastic. Be patient and let them grow production.

PAST TOP PICK

(A Top Pick Dec 14/10. Up 27.78%.) Generally very much under appreciated. He gets an NAV of $4.75 per share but thinks they will get whacked before that point. Still a Buy. Looking for $1.45 to $1.76 for a take out value.

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Novus Energy (NVS.V) Frequently Asked Questions

What is Novus Energy stock symbol?

Novus Energy is a OTC stock, trading under the symbol NVS.V (previously NVS-X on Stockchase) on the undefined (undefined). It is usually referred to as or NVS.V

Is Novus Energy a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on NVS.V (previously NVS-X on Stockchase) on Stockchase. Read the latest expert commentary for Novus Energy.

Is Novus Energy a good investment or a top pick?

Novus Energy was recommended as a Top Pick by Eric Nuttall on 2011-04-13. Read the latest stock experts ratings for Novus Energy.

Why is Novus Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Novus Energy.

Is Novus Energy worth watching?

Novus Energy is followed by 8 investors on Stockchase and is a trending stock that is worth watching.

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Richard Orrell

RN Croft Financial Group

Stockchase Insights

5i Research

The Panic-Proof Portfolio (Stockchase Research)

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Stan Wong

Private Wealth Management, ScotiaMcleod

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