Seeking Alpha

CVR Partners hits 52-week low following Q2 results

  • CVR Partners (UAN -4.7%) hits a 52-week low in an apparent delayed reaction to Q2 results that included sharply lower FY 2013 guidance to reflect lower fertilizer prices available in H2 as well as the impact of an unexpected plant shutdown.
  • Blogger Chris Damas forecasts a reduction in FY 2013 cash distributions from $2.15-$2.45/unit to $1.80-$1.90; since $1.19 was paid in H1, it would indicate a combined Q3-Q4 2013 distribution of $0.61-$0.81/unit.
  • Damas calculates CVR's Q3 ammonia production will come in at 96K tons vs. 104K a year ago.
Comments (1)
  • CaptKorn
    , contributor
    Comments (154) | Send Message
     
    Now this is what is called a serious buying opportunity for investors. I wish I had room for some shares but am fully allocated. Also a good time for traders I would think. Me I guess I will collect the dividend and relax. It's 5Oclock somewhere.
    5 Aug 2013, 04:07 PM Reply Like
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