Now are dead even in terms of PPU. What do you think is the better place to put your money? Even if you don't think either I am curious on your thoughts of which is better on a PPU basis.
Wow - if you are right then you deserve the gains - that is the most rosy scenario I think you can possibly come up with. G/L.
Could not agree more on a per unit price given the distribution. Pasadena is such a disaster. Am I missing something - does UAN have its own Pasadena that I am not aware of?
One would think but then one would have thought that from $30 to $25 or $25 to $18. Or $18 to $15. Relentless P;O;S for the longs on this. Such a sham. Icahn knew what he was doing when he dumped these. What is the duty - to the shareholders of the parent or the MLP - such conflicts of interest.
nonetheless always good ones money - glad you still hang around this dumpster.
Goodness - are you serious? Did you actually read the transactions? Idiot. It is management just taking money in the form or units for their outstanding performance as a group. Keep buying sir....
Yeah they have been quite consistent with those unscheduled DTs though. Not holding my breath for a huge turn around on UAN but I have to be honest I am surprise Zacks has had quite the effect that it has today. Kind of crazy to lose over 3% on their idiocy.
Looks like Mills did his job. Talked about the company and then the next day it tanks! Great work CEO. Why on earth they keep him is beyond me. The main fund in this company is getting destroyed but yet they stick by their man. Crazy.....
Wouldn't surprise me if author turns out to be correct given managements past. I wholly agree with him that they need to figure out how to under promise and over deliver - anyone can do it the other way and all they have done is disappoint. I am buying some more at these levels but have a feeling you can probably get in a little lower if you are patient. Getting pretty cheap though.
Full impairment amount taken at PAS plant.....not sure what the impact of this report will be since that was kind of expected - that said the language on reporting etc not very good in the 10Q. G/L. I wish I never was introduced to this MLP. Unreal decline since it reached its peaks....
I think you will get it so your patience will be rewarded. I will get more at the lower levels if it goes there too....
Really - you are not worried about saturation as a result of more plants - more production from existing plants etc. I agree this is pretty low at this point but they have continued to disappoint and there seems to be endless downtime issues that almost always cause them to miss estimates....
Sadly you may be right but I am getting back in this a little bit at these levels. .1 is a decent yield and if they actually surprise the market by doing what they say they will this should appreciate 20% or so.....don't get me wrong I am not holding my breath by any means but I think it is a decent risk/reward scenario.
" but the thing we have to remember is there is something we can do about it: Shareholders, the true owners of our companies, can demand that mediocre CEOs are held accountable and make it clear that they will be replaced if they are failing"
Please call out the putz that is running this company ASAP.
Is this different than the announcement earlier in some way???
CHICAGO--(BUSINESS WIRE)-- GE Capital today announced it is providing Rentech Nitrogen Partners, L.P. (RNF
) with a $50 million cash flow financing for a series of capacity expansion projects to support the partnership’s future growth. The facility will also be available, if needed, for general partnership purposes. The partnership, headquartered in Los Angeles, is a leading provider of natural gas-based nitrogenous fertilizers, with manufacturing facilities located in East Dubuque, IL and Pasadena, TX.
“Through GE we were able to secure a flexible financing solution with attractive terms to fund growth projects at our facilities,” said Dan J. Cohrs, CFO of Rentech Nitrogen GP, LLC. “GE and Rentech have a long-term relationship and we look forward to continuing to work with them.”
“We are focused on customizing capital solutions for middle-market companies like Rentech Nitrogen (RNF
) to support strategic initiatives,” said Bob McCarrick, chief commercial officer—lending, for GE Capital, Corporate Finance. “By combining our industry and structuring expertise, we provided Rentech Nitrogen (RNF
) with opportunistic growth financing for their master limited partnership.”