Mar. 6 at 2:59 PM
$IEP aggressively buying.
In the current "War Footing," fundamental asset growth here currently outpaces unit dilution.
Fertilizer - CVR Partners is "printing" cash.
With the Hormuz Halt removing 35% of global urea, CVR’s landlocked U.S. plants are capturing "crisis premiums" using cheap domestic gas.
Refining: CVR Energy is seeing record crack spreads following the BAPCO strike (Bahrain) . Its Mid-Continent location provides total insulation from maritime risks and soaring tanker rates.
Stealth Bunkering: As ships detour around Africa, ton-miles and fuel consumption are skyrocketing. IEP acts as a "toll booth" for the extra marine fuel required for these global reroutings.
While 2-3% quarterly dilution exists, the 15-20% NAV expansion and 24% yield create a powerful valuation floor.
At
$8.22 you are buying essential physical infrastructure at a deep discount.
You're welcome
