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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (66565)2/18/2021 3:09:27 PM
From: Elroy1 Recommendation

Recommended By
E_K_S

   of 78821
 
does uan have a carl icahn connectoin ?

Yes, CVI Holdings (which I believe is owned by Icahn) owns 100% of CVRR refining and 34% of CVR Partners (ticker - UAN). So UAN is 34% owned by Icahn.

One of the UAN fertilizer plants is adjacent to the CVRR refinery, and uses (I think) an output of the refinery (pet coke) as an input to fertilizer production.

But the main thing is the price of the two fertilizers that UAN sells has doubled in the past 3-4 months. The affect of that doubling will come out when UAN reports Q1, in about April 30th 2021. I don't know what else is going on with UAN, but all else being equal, UAN should begin to pay out reasonably large distributions again if fertilizer prices stay high, and all three fertilizer companies last night said prices are going to stay high.

I think UAN is way under the radar. I don't understand why it's share price remains BELOW where it sat when for three years fertilizer prices were low, and UAN paid zero distribution. UAN paid $1.40 distribution in Q2 2018, and at that time UAN fertilizer was $212 and ammonia was $452. Today UAN fertilizer is $270 and ammonia is $525.

Lets see what happens between now and summer. I'm very optimistic.

This chart (as far as I can tell) is accurate:

stooq.com

And the major fertilizer companies yesterday indicated the high prices are here to stay this time.

Keep in mind - I'm no fertilizer expert, this is just what my limited understanding reveals. It reveals, BUY THIS STOCK :-)
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