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PetroLogistics LP Message Board

  • jrad52 jrad52 Oct 23, 2013 7:09 PM Flag

    Q3 Happy Surprise

    Propane price up 12 cents from Q2, Poly prices up a nickle, but the productivity really saved the day. About 90% of capacity, compared to only 73% last Q. Best Q since Q2 2012, when they going public and then hit a brick wall. Let's see if the market believes they've got their act together.

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    • last Q must have had a big inventory build for Q4 too.....the spread is looking more like 35 for Q4 so lower dist next Q but still pretty good

      • 1 Reply to quantuon
      • Yes, and perhaps the operational glitches are behind us as well.

        PDH might just have a chance to resurrect itself. Plus, according to the conference call Q&A session, management is indeed looking to diversify the business, though nothing is in the works at the time.

        Sounds like they are open to other related businesses. One might assume this would be both other directly related assets like fractionation (Mt Belvieu) or perhaps ethylene crackers, pipelines etc.

        If PDH can average $.40/quarter I'll be happy.