I was surprised by the details furnished in the most recent 8K......the crack spread is hedged thru 2014...I was worried about refinery cyclicality but doesn't seem to be a big issue....also both refineries completed maintenance turnarounds in late 2012....I've owned UAN since the IPO and have been disappointed by the
price and distribution drops but CVRR looks more promising.I attribute today's late selloff to profit taking!!!
A lot of interesting data in the 8K. How does CVRR hedge its crack spread? I had read from an article if this falls below 25; then we are in big trouble. CVRR wont be able to pay out its large distributions to shareholders. So this isn't true?