Would you be able to explain a bit more on this paragrah: "So maybe a STO Dorado farm in partner is keeping CVN's price down to keep the Dorado farm in price low. Even if they broke even or even lost a bit on shorting the cost would be worth it. However any potential partner would know a bid for CVN would need to be north of 60c - a lot north."
I don't fully understand how Farm ins work, I assumed that CVN would lease out x volume of oil to another operator and the other operator would share the development costs. Why would maintaining CVN's SP at this range have any effect on the farm in agreement?
CVN Price at posting:
39.8¢ Sentiment: Buy Disclosure: Held
(20min delay)