I too have been in this stock long enough to know better, but really though that at its low price it would have seen more of a pop at earnings, like $1.50, to have unloaded some. Mistake was adding ahead counting on that. Now left holding once again like so many previous earnings. PLUS is an extremely strong divvy with LP tax benefit. This stock WILL be back higher. Just need to take advantage of lower prices to lower cost basis further ;-)
This situation continues to baffle and amaze me. UAN down slight yet RNF up decent today to keep it at a higher price than UAN. Even though it is higher risk and less divvy............. What axis are we spinning on?
UAN beats estimates for second quarter in a row, has a divvy % in the teens all while holding some back for the turn around quarter. Has minimal debt. Then has chatted interest in acquisitions. But all this and it can't make a dollar move from these levels??????? #$%$?
Yes a catalyst is needed and would be nice. And yes they have hinted for some time. Wish they would give more insight or talk about that. But regardless, I'm surprised that the strong divvy and beats lately haven't done more to draw interest and push price more, especially at these low levels.
Surprisingly low volume today for an earnings day with a beat. Strange. Was expecting something similar to last Q as well. Although price did hit some major technical resistance at $13 and may just need some time to break through. Then maybe we can see the move higher with some volume......... Hopefully
So been looking for announced date, but haven't seen anything yet. Have been expecting soon and usually see something by now I thought. Anybody read or heard actual date yet?
Lol have had the same thoughts. So........ Rhyme or reason for today???? UAN stands to gain with a drop in energy/crude. Am I missing something? Been in this a long time. It never makes sense. But definitely undeniable valuation.
Agreed. Being at all time lows, solid divvy, RNF priced almost $2 higher, corn rising. Not sure what the negative is from here
Actually I don't disagree with you in regards to tech analysis not having much strength in a low volume LP. I have been around this UAN for a long time ;-) and yes you don't trade it day to day. But just trying to find places and reasons for this to make turns and offer the right spots to add. Because not much else makes sense with its price action.
Not saying you are wrong, and appreciate the observation. However I don't understand how this Q numbers can suck when 75% was contracted prior to the conditions being so poor. The plus to a smaller company is that it will still run at full capacity and had contracted for a steady price. Also..........with the poor growing conditions, it should raise corn prices and therefore raise UAN potential going forward into next year. In a price direction standpoint alone I believe we are looking better now than at this time last year. Corn price looks to be going up due to lower expected production.
Another fert topic and article that just came out was farmers possibly cutting fert applications. But the main point was that they are cutting on P and K not nitrogen. This because P an K are more expensive per unit for one and other reason is P and K will carry over in soil more so than N. This could be negative for companies like POT and Agrium. But not so much in nitrogen companies like UAN
Agree on both parts! I also don't believe in USDA numbers for much the se reasons. Been way off so many times. However I do believe much of the crop was already in anyhow. PLUS UAN was already 50% + contracted at beginning of Q2 and would assume 100% by now. A plus to being a smaller company is that they are still running full capacity and contracting all. The other side of things is that IF corn doesn't grow well, prices should come up which should help lift UAN some as well I would think looking forward to next season pricing