New management has made a significant improvement in the business and stock. However, I did not see a platform for significant improvement over the next year or so until the company finally gets normalized as a merchant energy provider. Looked too much like dead money to me so I grabbed yesterday's quick gain and sold out. I will track it for a while because I think good management is in place and I like its business plan. The longs may do well and I wish them well. Peter
Unloading that many shares at the approximate current market price is "awesome". This is a bullish event for PBF and an endorsement of the management and strategy. Very happy here.
The new CEO looks like an experienced and competent fellow with diverse energy industry experience as well as potential fund raising experience. The compensation package includes sufficient incentives to make success worth his although it was a bit rich in salary and bonus for my blood given the size of the company. If he produces, however, I will withdraw my complaint. For all of you sale mavens, this does not look like a set up for a sale, but rather, a setup to grow the business, which I strongly prefer. I am an investor, not a trader or speculator. Peter
You appear to know absolutely nothing about what you are talking about or about TD's business. Are you trying to keep a short going or are you really clueless?
ROSG needs more proof of marketability (different from efficacy) before it will be of any value to anyone. It has been a long wait for some of us long-term holders. My fear now is that I die before ROSG. Peter
IMO, they need to go into emergency cash preservation mode. The Saudis are going to continue squeezing until one-half the frackers are dead, Venezuela has a coup or Putin disappears. The Saudis can finance it by selling half the family's jets and living off reserves. They are unhappy about profligate nations messing with their control. PACD has at least 5 ships with short-term at-risk leases (in next 18 months) or no leases: Mistral, Khamsin, Bora, Meltem and Zonda. They will survive as best in class, but it will not be pretty unless the frackers start poopiing the bed like flies. I had to liquidate my considerable holdings at a substantial loss, but figured I needed to preserve capital until more is known. Exceptional company, but it got caught out in a massive global sh--storm. Peter
Due to the complexities of the market, it is nearly impossible to project total demand in the short run for agricultural nutrients. It is a big, complex world and small changes in public policies (e.g. subsidies, etc.) as well as local climate changes, make rational assessments impossible. What is currently known, however, is that demand for improved food and the capacity to pay for improved food is steadily growing worldwide. Until something replaces the use of added nutrients to improve food production, nutrient stocks will do well over time. Peter