Lack of third party verification feeds into Viceroy storyViceroy has made some very serious allegations that should concern all shareholders.
If what they say is true, then this companies stock is worthless as it means we have no oil. Haywood had given a downside price of $ 0 if project fails.
The fact that the company has not provided to the market independent third party validation such as core lab results (which was supposed to have been done in July 2021) or, independent verification that there is indeed a 30,000 basin and not a 9,000 foot basin, etc...then it feeds into the allegations made by Viceroy creating doubt and uncertainity.
Promotional articles with big words in oil price website will not work as shareholders are now well aware of this strategy and, it has gotten old.
When in doubt, follow the money and you can clearly see that shareholders have voted their dollars with a thumbs down for this project indicating a non-confidence vote.