TNH ==> The Houston Winner!

[jiesen]

Is it not better to wait in cash, just in case the train derails.

what if the cash train derails?

[Deaddog]

what if the cash train derails?

It's hard to lose capital when your holding cash. You might miss the train but as they say there always another train.

The thing about missing opportunity is it doesn’t cost much in real money. But if your capital is tied up in losing investments, you have to sit and watch every opportunity train go by because you don’t have the money to buy a ticket.

[wooish]

$100Billion Euro is not even enough to buy us a relief rally. The past few days, TNH hasn't move up even though market rally a bit. I'm hoping to buy it back in lower price.

[joshcord]

Chatter on TNH Gone Quiet

MM (or anyone),

Are your hands feeling at all like "clay hands" on this one?

I'm not free enough to dash in and out smartly like some of the senior members appear to have been doing with it. Anyway, I'm getting beat up a bit. Maybe I don't have a good "ticket" for this "train," but I don't want to be tied to the tracks waiting to get run over either. I want to sell my ticket to the next guy at 290+... so I can eat cheeses and drink meats... jc

[mrmarket]

MM (or anyone),

Are your hands feeling at all like "clay hands" on this one?

I'm not free enough to dash in and out smartly like some of the senior members appear to have been doing with it. Anyway, I'm getting beat up a bit. Maybe I don't have a good "ticket" for this "train," but I don't want to be tied to the tracks waiting to get run over either. I want to sell my ticket to the next guy at 290+... so I can eat cheeses and drink meats... jc

You're getting a nice dividend while you wait.

[billyjoe]

You're getting a nice dividend while you wait.

TNH paid 4.00 on 5/11 and 4.21 on 8/15............not bad!

------------billy

[mrmarket]

I just got a nice fat dividend...very nice!

[jiesen]

look at TNH now!

http://finance.yahoo.com/q/bc?s=TNH+Basic+Chart&t=5d

This one's riding a nitrogen rocket- and up $30 in about a week!
I'll be sad to sell it so soon, and miss out on those 7% divvys...

[mrmarket]

DEERFIELD, Ill.--(BUSINESS WIRE)--
Terra Nitrogen Company, L.P. (TNCLP) (TNH) today reported net earnings of $166.8 million on sales of $224.1 million for the first quarter ended March 31, 2013. This compares to net earnings of $124.2 million on sales of $196.9 million for the 2012 first quarter. Net income allocable to Common Units was $92.2 million ($4.98 per Common Unit) and $69.9 million ($3.78 per Common Unit) for the 2013 and 2012 first quarters, respectively.
Results for the first quarter of 2013 included an unrealized mark-to-market gain on natural gas derivatives of $3.7 million compared to a loss of $11.3 million in the first quarter of 2012.
Analysis of Results
Net sales for the 2013 first quarter totaled $224.1 million, compared to sales of $196.9 million for the 2012 first quarter. This increase was due to higher ammonia and UAN average selling prices and higher UAN sales volume, which were offset partially by lower ammonia sales volume. The increase in ammonia and UAN prices was due to tight industry-wide inventories and strong demand in anticipation of a large number of acres of corn to be planted in 2013. UAN sales volume increased due to higher customer demand for application to wheat growing regions. Ammonia sales volume declined due to a later start to ammonia application compared to the unusually early start in the first quarter of 2012.
Comparing the 2013 to the 2012 first quarter, TNCLP’s:
Ammonia and UAN average selling prices increased by 27 and 7 percent, respectively;
Ammonia sales volume decreased by 9 percent and UAN sales volumes increased by 7 percent; and
Realized natural gas costs per MMBtu increased by 2 percent.
Cash Distribution
TNCLP reported today the declaration of a cash distribution for the quarter ended March 31, 2013, of $4.68 per common limited partnership unit payable May 30, 2013, to holders of record as of May 20, 2013.
Cash distributions depend on TNCLP's earnings, which can be affected by nitrogen fertilizer selling prices, natural gas costs, seasonal demand factors, production levels and weather, as well as cash requirements for working capital needs and capital expenditures. For all of 2012, capital expenditures were $46.7 million. In 2013, TNCLP is expected to have capital expenditures in the range of $75 million to $100 million. The capital program includes a rail yard expansion, new ammonia and UAN storage tanks, and control and electrical system upgrades. Some of these projects may extend beyond 2013. In addition to these projects, the company will be undertaking a major turnaround in the second quarter of 2013, which will result in lower production and sales volume during that period. Cash distributions per limited partnership unit also vary based on increasing amounts allocable to the General Partner when cumulative distributions exceed targeted levels. With this distribution, TNCLP cumulative distributions continue to exceed targeted levels.
This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b). Please note that 100 percent of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
About TNCLP
Terra Nitrogen Company, L.P. is a leading manufacturer of nitrogen fertilizer products.
TNCLP is the sole limited partner of Terra Nitrogen, Limited Partnership (TNLP), owner of the Verdigris, Oklahoma, manufacturing facility and related assets. Terra Nitrogen GP Inc., an indirect, wholly-owned subsidiary of CF Industries Holdings, Inc., is the General Partner of TNCLP and exercises full control over all of TNCLP’s business affairs.
Forward-Looking Statements
All statements in this communication, other than those relating to historical facts, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond TNCLP’s control, which could cause actual results to differ materially from such statements. Important factors that could cause actual results to differ materially from expectations include, among others:
• risks related to TNCLP’s reliance on one production facility;
• the cyclical nature of TNCLP’s business;
• the global commodity nature of TNCLP’s fertilizer products, the impact of global supply and demand on TNCLP’s selling prices, and the intense global competition from other fertilizer producers;
• conditions in the U.S. agricultural industry;
• the volatility of natural gas prices in North America;
• reliance on third party transportation providers;
• weather conditions;
• potential liabilities and expenditures related to environmental and health and safety laws and regulations;
• future regulatory restrictions and requirements related to greenhouse gas emissions, climate change or other environmental requirements;
• CF Industries’ ability to complete the implementation of a new enterprise resource planning system and the risks associated with cyber security;
• TNCLP’s inability to predict seasonal demand for its products accurately;
• risks involving derivatives and the effectiveness of TNCLP’s risk measurement and hedging activities;
• limited access to capital;
• acts of terrorism and regulations to combat terrorism;
• risks related to TNCLP’s dependence on and relationships with CF Industries;
• deterioration of global market and economic conditions;
• control of TNCLP’s General Partner by CF Industries;
• the conflicts of interest that may be faced by the executive officers of TNCLP’s General Partner, who operate both TNCLP and CF Industries; and
• changes in TNCLP’s treatment as a partnership for U.S. or state income tax purposes.
More detailed information about factors that may affect TNCLP’s performance may be found in its filings with the Securities and Exchange Commission, including its most recent periodic reports filed on Form 10-K and Form 10-Q, which are available through CF Industries’ website. Forward-looking statements are given only as of the date of this release and TNCLP disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

[mrmarket]

he MLP with high yield
Terra Nitrogen Company (NYSE: TNH) is limited partnership operating as nitrogen fertilizer product manufacturer, selling 2.4 million tons of nitrogen fertilizer for more than $780 million in net sales and $560.8 million in net earnings in 2012. The majority of its sales, $571.2 million, or 73.2% of the total revenue, was generated from the sales of UAN, while $204.3 million in sales came from Ammonia products. CF Industries owns around 75% of the total outstanding common units and all of its Class B common units.
In the past ten years, Terra Nitrogen has paid consistently positive but fluctuating dividends. The dividend has been on the rise, climbing from $0.25 per share in 2003 to $16.86 per share in 2012. In the past twelve months, its dividend per share stayed at $15.96 per share, with the payout ratio of 34.7%. Terra Nitrogen is trading at $218.40 per share, with a total market cap of $4.1 billion. The market values Terra Nitrogen at only 6.11 times its trailing EBITDA. Terra Nitrogen offers quite a juicy yield, at 8.6%.

[mrmarket]

TNH looks to have found its bottom - just sayin. And its dividend has been very nice, thank you very much.

[antioch6]

I'm considering TNH as one of my next 3 buys! It's not the typical stock on my screens, but a MrMarket pick on sale looks good to me.

[mrmarket]

I'm considering TNH as one of my next 3 buys! It's not the typical stock on my screens, but a MrMarket pick on sale looks good to me.

Normally I don't love "value" stocks, but when they pay a nice dividend you can afford to be patient.

[mimo_100]

Technically, this stock is running into overhead resistance 149-156. But a break above 150 signals a double top on the P&F charts - watch the volume in the coming days - it will tell the tale.

[tiedyed1]

TNH looks to have found its bottom - just sayin. And its dividend has been very nice, thank you very much.

This sleeper has indeed gained traction and I have been adding to the position.
Bought my last installment today at 165 and yes, that dividend has been sweet.
(also, did you get the K-1 yesterday which has a small loss to write off? every little bit helps!)