Devon Shire
Long only, newsletter provider, oil & gas, small-cap

Novus Energy Is For Sale - Here Is A Look At What The Sale Price Might Be

I've been a shareholder for a couple of years of Novus Energy (OTC:NOVUF) which is using horizontal drilling to develop the Canadian Viking play. While I'm very happy with how the company has been performing I'm less than thrilled with the stock price.

(click to enlarge)

My disappointment with the share price may change soon.

This week Novus released its second quarter earnings and provided us with an update on the "Value Optimization Process":

On December 4, 2012, Novus announced that it had retained financial advisors to assist the Special Committee of the Board of Directors in exploring and evaluating a broad range of options to optimize shareholder value. The Company confirms that it is currently in exclusive...
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