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CVR Energy, CVR Refining soar as Icahn may have influenced Trump EPA pick

Dec. 07, 2016 3:59 PM ETCVR Energy, Inc. (CVI) StockCVI, CVRRBy: Carl Surran, SA News Editor13 Comments
  • CVR Energy (CVI +14.3%) and CVR Refining (CVRR +8.9%) are surging following Pres.-elect Trump's reported appointment of Oklahoma AG Scott Pruitt as the next EPA chief, a decision which may have been influenced by CVR stakeholder Carl Icahn.
  • A weekend WSJ article said Icahn, who holds a controlling stake in CVI, has interviewed several candidates for the position.
  • Additionally, J.P. Morgan upgrades CVRR to Overweight from Neutral.

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