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Tuesday, August 27, 2013

Novus Energy To Be Acquired By Yanchang Petroleum for $500 Million Canadian?

Don't know how reliable this is, but it is more than double the current share price if true....

Yanchang Petroleum International Ltd would fully acquire Novus Energy Inc, a Canada-based oil and gas company, for 500 million Canadian dollars ($475.94 million), according to market sources.

Link: http://www.reuters.com/article/2013/08/28/press-digest-hongkong-idUSL4N0GT0DF20130828?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43

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