Every rally this year has grown and failed based upon expectation of the company delivering to a timeframe and then failing to provide what the market expected.
This time will be different if they can meet or exceed the market expectations.
If the company comes back with an option to borrow $1B and an option to buy into Falcon we will see the share price quickly shot down. It would do this even if Fortitude and other projects are showing good progress.
The market is expecting immediate sign-off of CVI getting control of some real oil leases; anything less would be taken negatively.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
