Unfortunately no further insight. But for the reasons explained above, I am highly confident that something will happen. If the activists let this window for 2022 pass, then they need to wait until May 2023 for the next annual meeting after that. I do not believe that they will wait that long.
Totally debatable, as natural gasoline prices may reset at a higher level going forward. However TREC is predominantly a spread business, so they should be able to pass most of that on with a 1-2 month lag. That's part of the reason why they've been successful at getting price increases. There's probably another quarter or two of margin pressure, but should normalize quickly after that. In any case, if the business is sold then this is all moot...
Nice follow up Plum! Have you spoken to any of the large shareholders or have any further insight in to their motives?
Unfortunately no further insight. But for the reasons explained above, I am highly confident that something will happen. If the activists let this window for 2022 pass, then they need to wait until May 2023 for the next annual meeting after that. I do not believe that they will wait that long.
Thanks for the reply. I agree everything is set up well for that scenario.
Totally debatable, as natural gasoline prices may reset at a higher level going forward. However TREC is predominantly a spread business, so they should be able to pass most of that on with a 1-2 month lag. That's part of the reason why they've been successful at getting price increases. There's probably another quarter or two of margin pressure, but should normalize quickly after that. In any case, if the business is sold then this is all moot...