Comment by
nkbourbaki on Aug 02, 2019 4:58pm
What resource do you use to track DP/VSF pricing? I haven't had very much luck with basic search. This has been given up for dead. Turns out one would have been wise to follow Chad and sell at $1.75 (and again at $0.75). His common position is now worth less than his golden handshake.
Comment by
Contrarian333 on Aug 02, 2019 5:13pm
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.
Comment by
nkbourbaki on Aug 03, 2019 8:52am
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.