Not sure why all the selling is happening. This is one of the partners monetizing some of their shares. This does not dilute share number or effect distributions at all. I bought more at $24.51 FWIW . Basically this sale off I think presents a buying op as I can see these shares approaching $30 this year. The plant expansion completed just recently will allow the almost 9.5% yield at this price we're seeing to continue for the next couple years .
Hi all..couple points
Q call was positive, guidance good. IMO this offering is to help the co to become more liquid.
On Q call was tier 1 firms, IMO they will be upgrading UAN, first they need more liquidity. cvrr agreed to do placement with the firms in yesterdays PR.
Agreed, amazing buying opportunity, I think some investors completely misread the offering, it is just making the company stronger, a little cash needed for the plant upgrades being completed-- which will save big money and increase output, liquidity needed for the stock for the big boys, fantastic dividend, and this should have all been priced in-- it is not like the street wasn't expecting an offering for UAN in this amount. I expect an easy runn up to $26 in the next day or two. UAN is in a much better position then RNF and TNH in my opinion, no dependence on rising natural gas prices. Also, with greater placement confirmed on conference all-- UAN should break to all time highs later this year.