30k shrs traded 1 min time frame...retrace 50% right bout16.37ish...can we all say bull flag pattern...early but hopeful...watch retrace, shouldn't give back much more than outlined above. GL
There have been news articles indicating that internationally a number of big NG fertilizer plants are being or have recently been built.
Probably gonna drag the price down significantly.
I am drowning in these shares $ wise, sometime people need a little nudge to correct a deficiency of thought. I'm thinking all three units of the mini etf (I saw that mini etf idea thrown out somewhere)cvi
cvrr and uan will be bouncing substantially higher in the coming months and am involved in all three.
Sentiment: Strong Buy
since they pre sold most of the rest of 2013 production back 4 months ago, i think the range of Q4 distributions should be good. Again, I think with gas going up as much as it has it is going to put pressure up on pricing from the rest of the herd, unless they want to eat it. Baltic dry shipping rates have doubled, and coal has increased in pricing. I know that doesn't put the price back up to 30 tomorrow, but accepting what Bernanke said yesterday, rates should remain favorable for the next couple of years....bonds will modulate but the long term trajectory remains low interest rates for foreseeable future.
yes true but only if the trend lasts. I think UAN gets a pricing advantage with NG futures are above $3.65 which is obviously the case right now. If it continues this should be a good primer for the stock but I guess we will see.
is up huge on inventory drawdown and low storage levels.
again, UAN doesnt use nat gas for its hydrogen source; so other companies producing UAN will have to either eat the higher nat gas cost or raise prices to compensate.
Very good point, Lisa. I've read your posts for a long time. My guess is you would collect the dividend and not worry, if the fundamentals were sound, or possibly add if you felt it was oversold?
TNH is down a lot also.
Since all 3 of the fertilizer MLPs are down significantly, it is logical that they entire sector has deteriorating fundamentals and is out of favor, right?
Which doesn't mean it will last forever.
I don't own units and never have.
I am short puts which are in the money but that doesn't stop me rolling them forward each quarter for pretty good premium. I can do that indefinitely so the price decline doesn't particularly concern me,