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Strategies & Market Trends : Value Investing

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From: Elroy3/2/2022 6:57:10 PM
   of 78670
 
UAN closed at a multi-year high price today. It goes ex-div on a $5.25 distribution this Friday.

This page quotes UAN fertilizer futures prices.

The high level take away? Don't sell your UAN MLP units.......

cmegroup.com

If UAN fertilizer stays above $500/ton for a full year, once the debt paydown finishes (this quarter) UAN the MLP will easily distribute $40 in the full year year Q2 2022 to Q1 2023..

I don't know if fertilizer prices will stay this high, but they do seem to be trending higher.....
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