M, I am going to speculate on this one too. I wouldn't buy it until I see a double bottom. If I don't get a double bottom and I missed it, it is ok too. I am happy holding nice positions at the big ones.
This stock is so dirt cheap and was so oversold that its about time someone woke up and started seeing the intrinsic value. Sure the dividend has been suspended but its not like the Company is burning cash and there is a question of solvency. Current price is just a fraction of book value and replacement cost of assets. Eventually lower fertilizer prices will reverse and then you will get a tripling of stock price from here. This is my largest position and it remains a great buy below $4 per share.
CVRR is the main component of CVI and CVRR has more than $500 million in cash in its balance sheet. Last time CVI shares traded at $23.34, CVRR traded for $11.50. Either current price of CVI is a pump and dump or CVRR is going to shoot through the roof with the management taking the right steps to benefit from the improved crack spreads
good uan read Company performance Last week, CVR Partners (UAN) was the biggest gainer among the companies in the above chart. It rose as much as 6.8% week-over-week to $3.13 per share. The Mosaic Company (MOS) followed with its shares rising 3.3% week-over-week to $20.7 per share. Agrium (AGU) had a weekly gain of 2.5% and closed at $105.1. PotashCorp (POT) rose 2.5% week-over-week and closed at $18.7 per share.
CF Industries (CF) was also one of the gainers last week with a weekly gain of 1.8%. The stock closed at $32.9 for the week ending September 15. Israel Chemicals (ICL) stock rose 0.9% and closed at $4.3 per share.
accumulation, uan going to $4 this month
uan upgrade :) Second Opinion® Weekly - CVR PARTNERS LP (UAN) Exchange: NYSE Close as of week ending 09/08/2017 Opinion Opinion NEUTRAL FROM AVOID Date Opinion Formed 9/11/2017 Price Opinion Formed 2.84 Score 2 C-Rate 0.0 UPGRADED Recommendation Stock shows Mildly Improving Conditions. SCORE = 2 if you are short this stock, hold position. Do not initiate new short sale.
Are the people on this board smoking crack? This company is ripe for a leveraged buyout at current price.
Nitrogen prices edge higher
Ammonia joins urea in move on wholesale markets. Bryce Knorr 1 | Sep 06, 2017
The changing of the seasons has brought with it a fall move higher in fertilizer prices. Though not dramatic, increased demand from growers around the world has firmed a market battered by oversupply this summer.
Ammonia became the second leg of the nitrogen complex to turn around, following the July/August move in urea. Anhydrous contracts for September at the Gulf settled $22.50 higher at $195, and the increase is already being felt in parts of the retail supply chain. Dealers on the Plains, where prices tend to adjust more rapidly, boosted prices $10, up to the $310 to $325 level. Our average dealer price slipped nearly $8 to $384.50, with the drop reflecting dealers posting new fall offer sheets. In Illinois and Iowa, for example, USDA’s survey last week put prices sharply lower on the reset, which took average prices there to $395 to $400, with the bottom of the large at $343 to $370. Ammonia imports fell 11% in July as prices bottomed.
Given the raw input price of crude oil is low and sale price of gasoline is high will share price of CVRR reach $11 by weekend,
Hertz a Carl Icahn company was trading for $8.40 per share around June 2017. Today it is worth $23.17 per share. CVRR makes more profit that Hertz. Plus CVRR hold about $500 million in cash.