keoo this what they said in revised s-1, page 64, dated March 31, 2011 (ref attached)
"HOW WE MAKE CASH DISTRIBUTIONS
Within 45 days after the end of each quarter, beginning with the quarter ending June 30, 2011, we expect to make distributions, as determined by the board of directors of our general partner, to unitholders of record on the applicable record date...."
I must admit...that entered my mind as well. But I think the very strong possibility of waking up to a takeover bid from a monopolistic behemoth or private equity. Is worth owning here especially with the distributions and a covered call selling strategy when the options open up on this. Or at least until signs of new share issuance. This is a very strong play if not the best of the domestically fed and cheap process of making fert producers. Not to mention rising prices of future products due to food demand.
steve from my analysis looks like from 2010 sec reports cvr feed stock/processing cost is about equivalent to gas processors at a $4.00 mmbtu feed stock cost. cvr process is at a disadvantage if gas price below 4.00 and advantaged above 4.00