In today’s briefing:
- GCEH: Timeline Pushed Back Again
GCEH: Timeline Pushed Back Again
- GCEH has experienced another set of delays with the construction of their Bakersfield, California refinery. The Company has been pushing out the timing of when the refinery would come online
- We believe the setbacks are temporary and could stem from GCEH changing engineering firms midway through the project
- We have updated our earnings model and removed the refinery from generating any revenue until 2023
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