It is 7/7/15, 12:30pm and the volume is way above average maybe this is the start of something good?
Not that it matters on this board, but Sept corn has gone from $3.52 to $4.28. Side dressing will continue and the price is holding better than predicted.
Something must be happening with the investment banker hired back in april, mgt in earnings call said by end of JUNE they would be announcing results. I'm thinking they are negotiating a sale to CF or other nitrogen producer.
and you believed them? hope you are right this time - they have said many things in the past that did not come to be true.
company in conference call of last quarters earnings said they will announce something by end of june on alternative options which included a sale of the MLP
AND..keep an ear open to the news/answer to coming alternative options...It must be troubling for shorts.
Sentiment: Strong Buy
charting is showing a move very soon to 17 to 18 area on fundamentals alone. Mid 20's on sale news
but after last quarter's beat by almost double, and pasadena's turnaround, id expect it to be higher than that.
wildcard is what investment bankers recommend to management from their evaluation and RTK's wanting to maximize value now on their investment in RNF (60%)...... from all indications the likely outcome will be a sale to CF industries who are in the market to buy nitrogen assets.