GREY:FTPLF - Post by User
Comment by
nkbourbakion Aug 03, 2019 8:52am
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Post# 29991562
RE:RE:RE:VSF and DP prices down
RE:RE:RE:VSF and DP prices downContrarian333 wrote: I check with a couple of sources (not electronic) who have access to a pricing subscription. DP was $750 yesterday - a price which I have never seen. Lowest low I have ever seen was $770 when there was excess inventory around. I don't think this is the case today.
Good God. Thanks. I see why the common is cratering. FGE must be bleeding cash like crazy at those prices. With these headwinds I really don't see how they'll manage to restructure without wiping out the current equity. Any optimism was based on increased production through the summer months and the market imrpoving in 2H.