Post by
drunk@noon on Aug 17, 2021 3:42pm
They should lock in the forward curve for first 5 months of
2022. It runs from 1600-1400. If the steel prices are higher than that the company would have brought in almost $20 a share cashflow in the last half of 2021---as at the current 1800 range you are talking 10 bucks a quarter before whatever taxes they have to pay given they still have loss carry forwards. 1600-1400 (avg of 1500 use would bring in, what? $7 per quarter of earnings?
That would bring us over 30 dollars a share in earnings between end of jun and may of 2002. 1500 us or 2000 bucks cdn a tonne quarantteed in the first half of 2020 should not be ignored.