Novus Energy (NVS.V)

A definite take-out candidate, possibly in the next 4 months at $1.60-$1.70..

Using the “hot water fracing” process. Could be a take-out candidate. No Debt. 70% light oil. Sees 150% upside.

Large land position in southern Alberta/Saskatchewan. Management has been aggressive in assembling positions. Had a pullback in the 2nd quarter, which was probably due to wet weather. Sold his holdings but starting to look at it again.

Focused on Viking play. Some pretty strong price performance. Viking play is just starting to get on the radar screen on investors. Is a producing company with cash flows.

Principally focused in the Dodsland/Viking light oil play in Saskatchewan. Very competent management, which has a acquiring/exploit focus. Important to budget 5 to 8 years for it to gain enough weight to make you money.