I noticed that Broadwind Energy slumped to a new all-time low today. I decided to lay off the red thumb on this one a while back, and I even got my first impulse to go green (a trusted ally talked me back from the ledge), but I clearly should have stuck with this, my ol' faithful. I am 15 for 15 on this one, banking 5+ points each time.
What's your most successful repeat CAPS reload, up or down?
So I was doing some due diligence on Novus Energy (TSX Venture:NVS, OTCBB: NOVUF.PK), a small Canadian oil & gas producer. There's a lot to like about the company, which is pursuing a pretty straightforward roll-up and aggressive exploitation of private land holdings in the Viking oil play in Saskatchewan. The well economics look good, as the wells, while modest in production/reserves, are very cheap to drill & complete. I expect the company to be built up to a good size and then sold to a larger firm like Crescent Point or Baytex. Management has done this before. I believe this has been the plan since day 1. [more]