I think you are overly pessimistic. Last qtr. major repairs were completed at a time when the spreads were negative. Now both refineries should be up to 100% capacity. Uan closed on the rentech takeover should be accretive. I see a decent distribution from uan and cvrr coming. Like to see $25 again soon provided the worst (divvy cut)does not happen. I do not hold a lot of shares only trade them out when the offer is presented. If you hear anything let me know.....GL
You are right, but I think it goes to $15 as this is the second quarter with losses and the current quarter is over in less than sixty days and it will be another loss. When the dividend gets cut or eliminated this will dive by 20%-25%.
Who knows if they will or won't. Right now they are a great trading stock, lots of movement, good $$ to be made around a core @$23+. Refining and agriculture great places to be most of the time, however both uan and cvrr have slowly been sinking pps wise along with the distributions. Going into the driving season and planting season ......take your best shot and hope it is correct if playing cvi.
Company should cut dividend as they are not profitable in the present market. If they are smart and cut the dividend the equity is going to dive and present a buying opportunity.
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Cartl and Jack, please buy Calumet, CLMT, an mlp that is a screaming buy... With Carl's mastery of finance and Jack's ability to run diverse chemical processes... A dream team combination. Go for it!