Post by
Kherson on Feb 15, 2021 10:20am
4th Quarter Results
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
Comment by
Dementedaccount on Feb 15, 2021 10:23am
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
Comment by
Kherson on Feb 15, 2021 1:18pm
The 4th Quarter Guidance is all that we presently have to work with, unless you are receiving Insider Information, which of course is against the law, though rarely enforced! I fully expect the Unit price to drop by about 20% after the Year End Financials are released. Having said that, what is your price prediction Dementedaccount after the financials are released? Kherson
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Comment by
RayDonovan78 on Feb 15, 2021 7:34pm
Hey Kherson, Why are you not bashing Mark for this ????? Oh, thats right we are in a WOLD PANDEMIC.....
Comment by
PlutusofCrete on Feb 16, 2021 12:18am
The pandemic sped up what was the inevitable...a distribution cut. Only until we get rid of these high interest convertible debentures will we potentially see a return to the old 10 cent distribution. Hopefully the new CEO can guide the ship in the right direction....perhaps it's time the current CFO to move on as well.
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