Seeking Alpha

Novus Energy, Inc. (NOVUF)

- Grey Market
NOVUF is defunct.
  • Sep. 4, 2013, 10:25 AM
    • Yanchang Petroleum agrees to buy Novus Energy (NOVUF.PK) for $232M, in China’s biggest purchase of a Canadian oil and gas company since Cnooc’s takeover of Nexen.
    • Yanchang will pay $1.18/share for Novus, 42% more than yesterday's closing price in Toronto.
    • Buying Novus gives Yanchang assets in western Canada that produced 3,452 boe/day as of June 30, 20% more than a year earlier.
    | Sep. 4, 2013, 10:25 AM | Comment!
  • Aug. 28, 2013, 9:06 AM
    • Yanchang Petroleum reportedly agrees to acquire Canadian light oil producer Novus Energy (NOVUF.PK) for C$500M ($475.94M); Yanchang shares are halted in Hong Kong and Novus is halted in Toronto.
    • Just two days ago, Seeking Alpha contributor Devon Shire predicted an imminent bid for Novus.
    | Aug. 28, 2013, 9:06 AM | Comment!
Company Description
Novus is targeting resource plays, primarily light oil, in the Viking and Cardium.