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Non-Tech : Genesis Energy (GEL - diversified energy MLP) chat spot

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From: Elroy6/10/2024 10:14:03 AM
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This is fantastic. GEL has a large "Soda Ash" business. Prices have been depressed, and GEL has said they think prices are at the bottom of a cycle.

GEL also has two big Cap Ex projects that they've been spending on for a while. Both projects finish in the next 6-12 month and begin production. One of the project is a major expansion of their Soda Ash capacity.

Soda Ash prices are going up.

ANSAC Increases Export Prices by US$25.00 per Metric Ton

finance.yahoo.com

Higher prices = higher cash flows = higher distribution or more rapid deleveraging.

Buy GEL. I think two years from now you'll be very happy.
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