CVI Stock and Share Purchase Increase
CVI share price increased by 3% with additional share purchases amounting to $33 million, leading to an overall increase of $80 million from the fourth quarter.
Strong Cash Position
The company ended the quarter with $1.3 billion of cash and cash equivalents at the holding company and an additional $900 million of cash at the funds.
Investment Opportunities and Strategy
Despite market volatility, there is considerable value creation potential in the portfolio, particularly in the energy and utility sectors, with a focus on AI-driven demand.
Real Estate Segment Developments
The company expects increased single-family home sales from the newest Country Club by the end of 2025 and is exploring additional property sales.