Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (31767)

7/26/2019 10:05:13 AM

From: E_K_S

Respond to of 34328

That was a good move by the company have two inputs; coke (from CVRR's 'waste' stream) and now NG. Again these are variable/price inputs not fixed as you point out. Really no control by management other than to maybe lock in long term agreements at certain cost point. That's what they did w/ parent company CVRR (I believe 15 year contract for 'coke' delivery) and at a nice rate too.

If/when you are on the right side of the price curve (especially on these input prices), UAN is a money machine. Next few quarters, NG price may be lower but long term we will probably see more US NG get exported.

FWIW, futures market showing lower NG prices . .

Natural Gas (Sep '19)

2.170

-0.057