TSX:CHE.DB.E - Post by User
Comment by
Dementedaccounton Feb 15, 2021 10:23am
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Post# 32567830
RE:4th Quarter Results
RE:4th Quarter ResultsKherson wrote: The following quotes are Chemtrade's own words:
Comments on certain key elements contributing to Chemtrade’s 2020 fourth quarter earnings are as follows:
• Fracking activity and thus demand for HCl has shown some improvement during the year, but remains well below 2019 levels.
• Demand for Regen services which is dependent upon gasoline demand has been improving but is still approximately 10% below normal levels.
• Demand for printing paper remains low as large numbers of people are still working from home. This has led to reduced demand for sodium chlorate.
• Demand for water products is stable, however the fourth quarter is a seasonally low demand quarter with generally reduced water consumption in the winter months.
• Despite lower demand, pricing for most of our products is expected to remain stable in the fourth quarter.
• The main exception is pricing for caustic soda. The Northeast Asia spot index for caustic soda, which is very influential on our caustic soda selling price, settled at a very low level towards the end of the third quarter. It was approximately US$50 per tonne below the level relative to the same period in 2019.
Kherson
all this stuff is already priced in....if it was not you would have not seen the move from $5 to over $7...this stock will move up or down based in forward looking guidance....if you buying the stock on this old new then you are a