CNE has held up well for the last few...CNE has held up well for the last few weeks when you compare it to other key players, such as pre, bnk, gte, cr, and etc. Most of them have declined (in some cases substantial) recently, despite high oil prices. CNE on the other hand has been holding up pretty well, so the K2 well better pull through or I fear we might experience some of the decline that others are experiencing, especially since many others have come off their highs. They will start to look more attractive than CNE (more upside potential), which will draw buyers to them rather than to CNE.
I hope CNE provides an update on the current avg BOPD too when they release the K2 result or around the same time. If it all is extremely positive, it could potentially send the stock to $2.
IMHO, if we don't get a NR by Weds then we will not get one until next week (if the results are good), unless the K2 well sucks. If it sucks, I think they would release the NR near the end of the trading week to minimize any downward pressure.