With RNF stock valued at only the cash plus stock value of the merger, it appears no one is factoring in the supposed value of Pasadena between $1 & $3. Investing in RNF just for the Pasadena sale would imply a heck of a ROI; the market is applying no value to Pasadena?
While I am more of a buy & hold guy, I just sold this stock & placed two different limit buys. With only an 11M share float, & little room left for U.S. storage, I suspect we will see a downturn in oil. Really like this company but the profits, & personal perceived direction, had to go for it.