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Non-Tech : UAN - The variable distribution MLP that could go a long way
UAN 77.00-1.7%Jun 14 4:00 PM EDT

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To: Area51 who wrote (792)6/29/2023 8:32:46 PM
From: Elroy  Read Replies (1) of 811
But I think if demand for UAN stays strong (which correlates roughly with corn over $5 for upcoming crops) the Publius analysis seems like a reasonable extrapolation of what future UAN results might look like.

I don't think we can say much of anything about future prices for fertilizer. They have collapsed over the past six months, as we have been moving through the high demand seasonal period. Whether the future will bring higher or lower prices than today, I have no idea.

So with a stock where I really have no idea about future prices (and therefore revenues), I am more inclined to give it a pass rather than express any confidence in future performance.
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