Disclaimer: I own options and shares of $UAN and have been in $UAN since March of 2021.

This is not financial or stock advice, but my analysis of the company.

I’m going to be explaining why CVR Partners ($UAN) is an interesting company in today’s market.

Their Website: https://investors.cvrpartners.com/

Glossary for Clarity:

$UAN - Referring to the security/stock

UAN - Referring to the product Urea-Ammonium Nitrate

CVR / CVR Partners - Referring to the company

Sidenote: UAN is sold as UAN28 and UAN32, referring to the nitrogen content of 28% or 32%.

What does CVR Partners do?

CVR Partners is a fertilizer commodity company that produces two products for sale. These two products are Urea-Ammonium Nitrate and Anhydrous Ammonia. These two products are used as nitrogen fertilizers in the agriculture industry, their largest market. They have two plants that produce these products. One is located in Coffeyville, Kansas. The other is located in East Dubuque, Illinois. The plant in Coffeyville uses petroleum coke as their input to produce Ammonia and UAN. The plant in East Dubuque uses natural gas as an input product, and can produce a variable amount of UAN and Ammonia, therefore they can sell whatever is more profitable at the time.

Brief History of UAN and Ammonia pricing and supply:

Prices of UAN and Ammonia were at quite profitable levels for CVR in 2012, which is reflected by $UAN price at the time. After 2012, the prices of these chemicals entered a downturn. Lots of production came online around the world driving prices of fertilizers down. UAN went from a high price of around $300/ton in 2012 to the lowest point of around $120/ton in 2019. Ammonia also went from its highs of $800/ton in 2012 to around $280/ton in 2019. However, covid has caused rippling supply chain issues around the world, and fertilizer is no exception to that.

Because of these global supply chain issues, costs of commodities worldwide have surged. UAN currently sits at around $600/ton and Ammonia sits at around $1350/ton, dwarfing 2012 prices, and there is no end in sight to price increases as there is a global shortage of nitrogen fertilizer products. The cost of natural gas worldwide, especially in Europe, has skyrocketed. Almost all nitrogen fertilizer plants, other than CVR’s Coffeyville plant, use natural gas as the feedstock. This has resulted in nitrogen fertilizer plants worldwide shutting down, including almost all European plants, as the cost of na

Three things upfront:

1. This is an LP
2. UAN is urea ammonium nitrate, a product of the company, and also the ticker for CVR LP
3. It's high risk, and not because of the underlying fertilizer market, more on that at the end

Let's set the stage here:

Commodities. They're hot. But few are as hot as ammonia. Fertilizer markets have gone crazy. And by crazy, I mean straight vertical. It's the result of a confluence of factors. Nitrogen fertilizer production capacity very closely tracks demand. CVR LP's plants, for example, average about 95% utilization over the last 3 years. About 90% of that goes to crop fertilization. So, when hurricane Ida and winter storm Uri hit production facilities on the gulf over the last 12 months, supply was constrained. Additionally, rising corn prices mean that the optimum nitrogen application increased, and total corn planted -which is a nitrogen hungry crop- also increased. This demand increase exacerbated the supply shortage. Gas shortages in Europe have idled plants across the pond, further constricting supply. Because production already closely tracks demand, playing catchup is a slow process. The result of all this is that straight vertical line on that U of I graph.

And farmers are willing to pay it. The difference between $3.50 corn and $5.50 corn is huge. Say Farmer X has a fixed 5 year cash rent agreement on land signed when corn was $3.50, and it brought their cost of production to $3.15 -- 10% gross margins. All things equal with that same lease, you're making 42.5% gross margins with post pandemic $5.50 corn. It's absolutely critical nitrogen be applied every year for a corn crop. If the price of nitrogen goes from $40 an acre to $140, who cares? Farmer X is going to pay it and still make money. ROIC of optimal nitrogen application is huge, so much that $1400/ton ammonia will stop few, if any, Midwest farmer with corn at $5.50. A bit of an aside, but it's important to set the stage, this isn't necessarily an unsustainable squeeze. Farmers can and will pay $1400 a ton for nitrogen in 2022.

Anyways, we can now start on CVR partners. They own two fertilizer plants, one in Kansas and one between Illinois and Iowa. The typical feedstock for ammonia production is Natural gas, but the Coffeyville, Kansas plant uses gasified pet coke. CVR hasn't been doing so hot over the last 5 years. R

Sixty-Third Case

Pointer

Where the road of ideation cannot reach, that is just right to bring to attention; where verbal explanation cannot reach, you must set your eyes on it quickly. If your thunder rolls and comets fly, then you can overturn lakes and topple mountains. Is there anyone in the crowd who can manage this? To test, I cite this to see.

Case

At Nan Ch’uan’s place one day the (monks of) the eastern and western halls were arguing about a cat. (1) When Nan Ch’uan saw this, he then held up the cat and said, “If you can speak, then I will not kill it.” (2) No one in the community replied; (3) Nan Ch’uan cut the cat into two pieces. (4)

Notes

1. It’s not just today that they’re haggling together. This is a case of degeneracy.
2. When the true imperative goes into effect, the ten directions are subdued. This old fellow has the capability to distinguish dragons from snakes.
3. What a pity to let him go. A bunch of lacquer tubs—what are they worth? Phony Ch’an followers are as plentiful as hemp and millet.
4. How quick! How quick! If he hadn’t acted like this, they would all be fellows playing with a mud ball. He draws the bow after the thief has gone. Already this is secondary; he should have been hit before he even picked it up.

r/Zen Comment

Anyone who's spent time in this forum knows that gatekeepers abound. If you think that either your psychedelic experience, or your religion, or your generally calm demeanor gives you the authority to talk about Zen, then you will receive a sharp rebuke from one of the many anonymous Dharma protectors who are active in this part of the Internet. It's not necessarily a problem and anyone who gives it two seconds thought will notice some obvious benefits to keeping them around. We should be grateful for the rigor they impose and uphold in the discussion. However, I caution you against mistaking them for Zen Masters. They have the ability to read text closely and they 100% believe Yuanwu when he says "Phony Ch'an followers are as plentiful as hemp and millet." Sometimes on r/Zen, though, it is simply a case of the pot calling the kettle black. Test for yourself. Show if you can tell.

edit: "self-proclaimed" replaced with "anonymous"

Hi, so I was checking my PF account in the Umang app and I saw that I have two PF passbooks, one from my previous job and another of my current one. When I joined my current company they asked for my UAN number and I was under the impression they transferred my previous PF to the current account but looks like both are under different passbooks.

So my question is firstly is there supposed to be two/separate passbooks for different companies you work for ? or is the previous balance supposed to be transferred to the new one? and if so how do I do this?

any help would be really appreciated, thanks.

I posted this as a query the weekly thread but got no replies. Since it’s kind of urgent I’m posting it here. So, I’m a fresher who just got his first job. I’m trying to apply for a credit card. The bank is asking for my payslip for the same. The thing is, my payslip has my UAN no. and PF no. Mentioned on it. Is it safe to share this document with the bank?

Hi,

I left my job in India in July and have moved overseas. I tried to withdraw my EPF however I'm facing some issues:

1. The bank account linked to my UAN has been closed now
2. On trying to change my bank bank on the UAN portal it tries to get an employer approval. However, since I'm not employed with any company in India there is no one to approve

Any suggestions on what I can do here?

Thanks

Our Their And Been The Health Though Weve Help People Achieve Have Our Has Wellness Remained.The Years, Mission Changed To Values Same. Over Goals

Disclaimer: I own options and shares of $UAN and have been in $UAN since March of 2021.

This is not financial or stock advice, but my analysis of the company.

I’m going to be explaining why CVR Partners ($UAN) is an interesting company in today’s market.

Their Website: https://investors.cvrpartners.com/

Glossary for Clarity:

$UAN - Referring to the security/stock

UAN - Referring to the product Urea-Ammonium Nitrate

CVR / CVR Partners - Referring to the company

Sidenote: UAN is sold as UAN28 and UAN32, referring to the nitrogen content of 28% or 32%.

What does CVR Partners do?

CVR Partners is a fertilizer commodity company that produces two products for sale. These two products are Urea-Ammonium Nitrate and Anhydrous Ammonia. These two products are used as nitrogen fertilizers in the agriculture industry, their largest market. They have two plants that produce these products. One is located in Coffeyville, Kansas. The other is located in East Dubuque, Illinois. The plant in Coffeyville uses petroleum coke as their input to produce Ammonia and UAN. The plant in East Dubuque uses natural gas as an input product, and can produce a variable amount of UAN and Ammonia, therefore they can sell whatever is more profitable at the time.

Brief History of UAN and Ammonia pricing and supply:

Prices of UAN and Ammonia were at quite profitable levels for CVR in 2012, which is reflected by $UAN price at the time. After 2012, the prices of these chemicals entered a downturn. Lots of production came online around the world driving prices of fertilizers down. UAN went from a high price of around $300/ton in 2012 to the lowest point of around $120/ton in 2019. Ammonia also went from its highs of $800/ton in 2012 to around $280/ton in 2019. However, covid has caused rippling supply chain issues around the world, and fertilizer is no exception to that.

Because of these global supply chain issues, costs of commodities worldwide have surged. UAN currently sits at around $600/ton and Ammonia sits at around $1350/ton, dwarfing 2012 prices, and there is no end in sight to price increases as there is a global shortage of nitrogen fertilizer products. The cost of natural gas worldwide, especially in Europe, has skyrocketed. Almost all nitrogen fertilizer plants, other than CVR’s Coffeyville plant, use natural gas as the feedstock. This has resulted in nitrogen fertilizer plants worldwide shutting down, including almost all European plants, as the cost of na

Date: 2021-12-20 09:38:42, Author: u/StockAccount9999, (Karma: 249, Created:Aug-2020)

SubReddit: r/stocks, DD Click Here

Tickers mentioned in this post:

CF 64.14(-1.03%)|CVI 15.37(0.33%)|CVR 25.65(1.16%)|MLP 9.51(-1.25%)|UAN 77.91(0.88%)|

Disclaimer: I own options and shares of $UAN and have been in $UAN since March of 2021.

This is not financial or stock advice, but my analysis of the company.

I’m going to be explaining why CVR Partners ($UAN) is an interesting company in today’s market.

Their Website: https://investors.cvrpartners.com/

Glossary for Clarity:

$UAN - Referring to the security/stock

UAN - Referring to the product Urea-Ammonium Nitrate

CVR / CVR Partners - Referring to the company

Sidenote: UAN is sold as UAN28 and UAN32, referring to the nitrogen content of 28% or 32%.

What does CVR Partners do?

CVR Partners is a fertilizer commodity company that produces two products for sale. These two products are Urea-Ammonium Nitrate and Anhydrous Ammonia. These two products are used as nitrogen fertilizers in the agriculture industry, their largest market. They have two plants that produce these products. One is located in Coffeyville, Kansas. The other is located in East Dubuque, Illinois. The plant in Coffeyville uses petroleum coke as their input to produce Ammonia and UAN. The plant in East Dubuque uses natural gas as an input product, and can produce a variable amount of UAN and Ammonia, therefore they can sell whatever is more profitable at the time.

Brief History of UAN and Ammonia pricing and supply:

Prices of UAN and Ammonia were at quite profitable levels for CVR in 2012, which is reflected by $UAN price at the time. After 2012, the prices of these chemicals entered a downturn. Lots of production came online around the world driving prices of fertilizers down. UAN went from a high price of around $300/ton in 2012 to the lowest point of around $120/ton in 2019. Ammonia also went from its highs of $800/ton in 2012 to around $280/ton in 2019. However, covid has caused rippling supply chain issues aroun