Hi Jdm...best of luck, thanks for all your encouraging posts. Everyone has to do whats right for themselves. I continue holding a core position. Trade it when techs are at extremes. Again best of luck..:)
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 :)