thanks, i agree that the 0.40 per 1$ of NG change looks low but I guess only time will tell. If you have followed the newer car gas marketers CVRR,NTI,ALDW that depend on cracking spread you know the variability in distribution can be high. Also the cracking spread variability has beenhigher than recent NG price variation.
sorry, did not give you credit for knowing, so knowing the risks you are good to go up and down, judgeing by the exuberance of some of the posters, I erronously thought that this would not be the case.
oil is clearly out of favor at least the more jr. ones. BXE which looks like a great long term investment is also in a down trend and down today. general consesus is that oil with bottom about 90 but who knows ?
yes thanks, i also discovered that when you type xgofx and get the book value it has been below book not above for a while, i must have confused it with one that sold at a premium.
it is when these guys give themselves generous options that it is really bad for earnings, hopefully this is ok and they can grow the business with the funds and overcome the dilution which is
obviously it depends on what they do with the money but this can be a very good thing to grow this company. so what else is new it boils down to mgmt ability and integrity, they are in a "green" nitch that is actually one of the few that have worked, in Iowa we have ethanol and I would be the first to admit i have profited from that (am lucky enough to have an Iowa farm) but as recent tree hugger articles have said the ethanol deal is not without its side effects. What that have not brought up is all the fuel etc that goes into corn production. my son works for a german wihd company and same deal there, bottom line is oil is by far the best and simply put THERE IS NO FREE LUNCH, i continue to be amazed at the folks that really do not understand or willfully ignore this.
I just read Chris's loooong article on RNF at SA. I agree that UAN is not RNF but that and $5 will get you a cup because fertlizer prices are so weak. I do think (and hope) that todays UAN move is overkill, I bought this as a long term hold for distributions. I have a small farm in Iowa and from here it still looks like AG has a bright future. I think that the rise in land prices here have come to a bit of a standstill as prices of grain have weakened and of course it the govt changed course on ethanol it would be a hugh drop. Weighing it all together I would still be a buyer here but it will only be a few days to prove right or wrong at least for the short term.
This company is doing a bunch of exploring and drilling at one time. Is it too much, I am going to say no and be a buyer here, it takes scads of $'s in this business and the $175 Mil they have in the dilution should help earnings in the future. I noticed that one analyist set the new price goal up from $7 to $12, i'll tkae that and I think that they are headed in the right direction to achieve that. Oil and NG prices are of course a big driver in this.