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NOVUF vs. ETF Alternatives
Wednesday, Sep 42013, 10:25 AM
Wednesday, Sep 42013, 10:25 AM| Comment!
- 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.
Wednesday, Aug 282013, 9:06 AM|Wednesday, Aug 282013, 9:06 AM| Comment!