yes, the unit price is abysmal. makes little sense, yet it retreated from being north of 16 pretty quickly. we are basically 60% of the way to the next dividend already. and it should be decent in size.
The proposal specifically reserved, meaning no changes, to the fertilizer industry.
The company confirmed that for me as well. I read through the proposal, and it was definitely geared toward oil/gas and mining companies it seemed.
you had to own yesterday to get the dividend. understand everyone? 3 day settlement on stock purchase. have to be record owner on 5/11. thats called the record date.
its not showing up in CNBC volume, but its on my screen. I dont know what is going on but there was a huge trade at the end of the day it seemed.
saw 200k go through on my sttrade streaming quote just now....
I sold a big chunk of my options last Thursday, about a day early apparently. didnt want to be too greedy. But yes, the stock probably should be $20 or more. I am considering trading strategies right now.
Its not done. let me tell you something, if they can generate these distributions at 260 ton, imagine at 350...which is not a stretch at all. Its a great little asset i have known for ten years. I am just surprised no one snatched it up though the corporate structure makes it more difficult than most.
was a good day; options performed well. Good underlying fundamentals here. The fact they can generate these kinds of distributions in this somewhat depressed UAN market, that should tell people something really. I like it. didn't like it last yr to be honest. costs were out of control it seemed and the numbers were confusing. They seem to have gotten a handle on things.
Distribution would have been 50 cents without the reserve.
I guess Gartman's corn short hasn't paid off so he was talking corn down on CNBC yesterday. can't believe these guys are allowed to get on tv and manipulate markets the way they do. that guy is all about the dollar strength so short commodities priced in dollar terms and buy corn in yen, or gold in yen, or oil in yen. pretty simple really.