trend is back up now
Natgas looks to be bottoming...
Jock, go ack tolooking at revenue, not cost.
RNF "locked-in" 101 tonnes of nitrogen fert or79%,but only shipped 42 tonnes.
1. What if there is no order for the other 29% of the volume
2. IF the farmers buy cheaper UAN now and the stores have to keep their 'locked-in' UAN at RNF, when will the revenue be realized? Locked in 2013 but shipped in 2014?
3. Check the UAN locked-in volume versus the shipped volume as of June 30th.
- what if this a ship ahead for 2014 business, what will be the sale in 2014and when will 2014 sales be shipped?
Good luck, I am out!.
No Way. Not till they "prove it" with better quarterly numbers. They have shown no propensity. to purchase feedstock at consistently good pricing.With Nat Gas exports starting in 2015-16 will be hard pressed to show good numbers.
Not an owner, but made a few $ on TNF. Ammonia plants are being built to try and comply with regulations governing flare gas volumes in the big fracking areas.