not that it really matters, but a Democrat win for US President is probably better for CVN shareholders than not.
1) one of the significant contributors to sustained low POO is the ability of the US shale producers to stop gap production reductions out of opec. A Dem potus is likely to be driving a more green agenda.
2) republican held senate will hobble the impact of (1), but the trend recently has been for potus to issue executive orders when the legislature gets in the way (and it's within their power to do so).
3) a Dem potus will take more decisive action on rona, meaning short term pain to deliver long term benefits. if they continue as is, their economy will continue to be turbulent. effectively dealing with rona means the US economy should strengthen.
4) a stronger us economy should drive higher oil prices.
there is a strong push to reduce reliance on O&G, but that process can't happen overnight and there is still no viable alternative (that I'm aware of) to replace oil in air travel.
forgetting all that, the spiel from management is that Dorado is a low cost production environment, and the proposal is a relatively quick proposition for O&G. the last few reports also seem to indicate management are betting on current low investment in O&G production to drive a turnaround in POO once rona is behind us.
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