Speculation on potash takeover downplayed
Speculation on a BHP Billiton bid for Potash Corp. of Saskatchewan is receiving next to no support from the analyst community. For full story, click here
Archive for March, 2009
Athabasca Potash reported results for year end Dec 31, 2008
Athabasca Potash Inc. reported that it has filed the Audited Financial Statements, MD&A and Annual Information Form for the year ended December 31, 2008. For full story, click here
Potash ended trading session at $88.71
Potash ended the last trading session at $88.71. So far the stock has hit a 52-week low of $47.54 and 52-week high of $241.62. Potash stock has been showing support around 84.24 and resistance in the 94.24 range. For full story, click here
Potash Corp. downgraded by Soleil Securities to hold
Soleil Securities downgrades Potash Corp. from Buy to Hold. Price target lowered from $110 to $100. For full story, click here
Israel Chemicals declared Q4, full year results for year 2008
Israel Chemicals Ltd., a multinational fertilizer and specialty chemicals company which produces approximately 9% of world’s potash, announced results for the fourth quarter and full year ended December 31, 2008. For full story, click here
MagIndustries’ Potash subsidiary signs gas deal with ENI
MagIndustries Corp. declared that its Republic of Congo subsidiary, MagMinerals Potasses Congo S.A., has signed a gas supply deal with Eni Congo S.A., a subsidiary of global oil major Eni S.p.A. of Italy, for the supply of gas to MagPotasses’ Kouilou potash project. For full story, click here
Agrium reported a hike in its exchange offer for CF Industries
Agrium Inc. reported a hike in its exchange offer to acquire all of the outstanding shares of CF Industries Holdings, Inc. CF stockholders will now receive $35.00 in cash, a surge of $3.30, or 10.4 percent, in the cash consideration, as well as one common share of Agrium for each CF share. For full story, [...]
Potash closed at $89.30
Reports show that Potash closed yesterday at $89.30. So far the stock has hit a 52-week low of $47.54 and 52-week high of $241.62. Potash stock has been showing support around 82.10 and resistance in the 93.10 range. For full story, click here
Arab Potash Company forecasts lower output
The Arab Potash Company Disclosures Financials Chart Data, Jordan’s second-largest firm by market capitalisation has forecasted that the company has incurred lower production levels due to dwindling demand but maintains that higher profits can nevertheless be achieved as companies renegotiate annual distribution contracts. For full story, click here
BHP Billiton Ltd. is considering to purchase potash assets
BHP Billiton Ltd, the world’s leading mining company has shown its interest in buying potash or petroleum assets after selling $6.3 billion in bonds this month. Merrill Lynch analyst Olivia Ker stated: BHP has made no secret of the fact it intends to use its best-in-class balance sheet to its advantage through this cycle trough. [...]
