So I listened to the conference call to try to figure out where the analyst got his conclusion about " $40 million in margins from opportunistic supply and trading" During the latest quarter margins increased substantially so he may be thinking this is unsustainable. Now, throughout the call it is mentioned that margins have now normalized so it sounds like they are positive about maintaining current margins. However, at the 33:25 mark the CEO or CFO, I believe, states on the margin topic "This was a significant win and NOT all repeatable". He then stumbles and I think he is trying to take that back and say it is repeatable. So, I think that analyst is thinking "Ah hah .. got ya" the CEO said something he didn't want to say about future margins. But they are so positive throughout the whole call about margins that I think he made an honest mistake. Listen to it and tell me what you all think.