Plant Turnaround ImpactCurious how much volume is at play there, not that it really matters in the longer term - what a great qtr
But 7 days is 5mm off the top line and looks expected to flow to the bottom at least, depending what the shutdown costs were. Q3 looks to be soft because of these, but I doubt anyone will really sell on that news, and thats what counts. The bigger picture at hand here is 37mm op flows. After their capex budget, you have a 12.5% free cash yield at present in this stock. It's still dirt cheap.
170mm EBITDA On the fulll cap structure is 5.4x ... It was the same back at 13 with high 50's oil. The stock has just barely kept up with the increase E in the P/E, or FFO, ect..but the valuation metrics is still in the tank here. They'll be the boost on share price the longer oil levels out in the 65-75 range, allowing us to move along loser to a dividend increase that will buy us higher multiples.. and so forth.. I guess most here on the board all know this ha. So For anyone new reading i suppose.