AMJ
JP Morgan Alerian MLP Index ETN 5/24/24
stock NYSE

It all depends on the CPC price reset. \~50-60% of the CPC they sell, it's price is negotiated quarterly. The rest is linked to market and sold at open market prices (which anyways will be generating elevated margins).
GPC is directly market linked, resets up and down quickly - does not follow the contract structure. **IF** the AMJ quarter prices are already negotiated and set(I really hope so), we will see one quarter of huge windfall gains for the company. Because CPC prices will anyways not go down so quickly because the middle east supply chain is not going to ease so quickly.
I have 100K shares now. The war ending is quite bullish for the medium term for Rain because it brings down the chance of rate hikes and global stagflation. However, if I speak honestly(and I'm ashamed to say this), but the war/blockade situation continuing for atleast a couple of months more might have been the blue sky scenario for Rain - atleast for the immediate term. Huge windfall could have been generated which can be used to pull down the debt.
But yes, the market will like this news anyways. Huge gap up on Monday. And along with promoters, dolly khanna has entered back as well. Her(him) coming back adds a lot of strength to my thesis and conviction as he understands the cycle better than most and he also believes that the cycle is clearly turning.

It all depends on the CPC price reset. \~50-60% of the CPC they sell, it's price is negotiated quarterly. The rest is linked to market and sold at open market prices (which anyways will be generating elevated margins).
GPC is directly market linked, resets up and down quickly - does not follow the contract structure. **IF** the AMJ quarter prices are already negotiated and set(I really hope so), we will see one quarter of huge windfall gains for the company. Because CPC prices will anyways not go down so quickly because the middle east supply chain is not going to ease so quickly.
I have 100K shares now. The war ending is quite bullish for the medium term for Rain because it brings down the chance of rate hikes and global stagflation. However, if I speak honestly(and I'm ashamed to say this), but the war/blockade situation continuing for atleast a couple of months more might have been the blue sky scenario for Rain - atleast for the immediate term. Huge windfall could have been generated which can be used to pull down the debt.
But yes, the market will like this news anyways. Huge gap up on Monday. And along with promoters, dolly khanna has entered back as well. Her(him) coming back adds a lot of strength to my thesis and conviction as he understands the cycle better than most and he also believes that the cycle is clearly turning.