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PetroLogistics LP Message Board

chorniki 1 post  |  Last Activity: May 17, 2014 6:14 PM Member since: Jun 30, 2002
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  • Reply to

    Mont Belvieu, TX Propane Spot Price

    by maj_tx May 15, 2014 6:55 AM
    chorniki chorniki May 17, 2014 6:14 PM Flag

    The extended shorting action by Grizzly Bear is what is holding the price back. I wonder if they read the Q1Transcript by management. Nothing but good news. Production sold out till year end by contract.
    Some 25 million received in Q1 but not booked as sold. This will carry over into Q2 when the goods are delivered. Thoughts? Sure, keep buying at these cheap prices. Q2 distribution will slay Grizzly and the price should jump.

    Sentiment: Strong Buy

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