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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (71268)10/7/2022 4:22:30 PM
From: Elroy  Read Replies (1) | Respond to of 78744
 
UAN fertilizer prices drifting higher.

cmegroup.com

CVR will probably get $580/ton or more for UAN fertilizer in Q1 2023 if these futures prices just stay where they are.
In Q1 2022 CVR had free cash flows of about $10 per unit based on $450/ton for UAN fertilizer. At $580/ton in Q1 2023 it seems like we could get above $14 per unit in distributions.......for one quarter.