the dollar gets stronger and imports (competitors) get cheaper? .
If you are a foreign producer you must covert your currency to USD...In country US producers would have an advantage ...at some point US market would not be completive for a foreign entity with all other costs involved...Unless fert prices rise substantially or USD weakens. Im in the USD will get stronger camp. First Q estimated earnings here in US have come way down..USD taking its toll.. AIMO
Look at Brents premium over WTI...IMO will widen.
My concern with UAN ...they are only one facility. There are risks in producing fertilizers, not exactly a stable production process. Any major production problem, accident would take a toll on Unit price. Gl all
looking for opportunity to add 20ish rsi on the daily..current 42..more work on downside to do...unless PR from parent..GL all
end of Q..overbought along with some profit taking...what has changed/ same opportunities as 2 months ago, only now 100 mil cash...dunno :)
Agree..only reason to hold is for possible action PR from parent. No growth just a nice income play for now. I sold my trading shares 14.10 will hold core position just in case. Gl all
Morn Sea..IMO the CC delivered new info bout growth going forward..as I recall an opportunity within 2-3 years was mentioned, along with parents financial strength were the items of interest for me. What they are planning or thinking is unknown at this time. Need more info
I agree if fert price rises, and if the softs strengthen we will of course get a boost. Current UAN has only so much capacity. Assuming we see 1.40 payout this year if all pricing stable, no unscheduled downtime maintenance issues (has been a frequent past issue) 18ish gives us 8%ish. Have great day and best of luck..
Hi Sea..I agree, I have been saying same for quite some time. Ive come to the conclusion until UAN can provide more growth...even if its future growth..we will be stuck in a range...perhaps 18ish top. GL