SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : UAN - The variable distribution MLP that could go a long way
UAN 76.25+0.3%11:37 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10PreviousNext  
To: RJCogburn64 who wrote (809)3/19/2024 2:18:13 PM
From: Area51   of 811
 
Nice writeup on seeking alpha on the UAN value proposition: seekingalpha.com.

An excerpt : So, based on these different methods, I get a range of valuations from $179 to $400 per unit. But no one is building a new plant at those prices and CF's management is screaming to everyone who will listen how underpriced their stock is (which is why they are buying a lot of it back). A more realistic range is $206 (based on cash flow) to $266 (based on recent sale). This is what CVRP's assets are really worth. My own expectation is that they should get at least $225 per unit.

Nice move today. If it consolidates and tests the 9 day ema I would add to my already overweight position. And we know Elroy that you can't guarantee that the future price of UAN (the commodity not the company) will always equal the current price <g>.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10PreviousNext