Potash Investing News is trekking around the Four Corners of the United States. In this latest installment, Sid Himmel, CEO and President of IC Potash, gives us a some insight on the company's New Mexico operations.
Articles Tagged "intrepid potash"
In the United States there is a region called the Four Corners which encompasses the only four connecting corners of four states: southwestern Colorado, southeastern Utah, northeastern Arizona and northwestern New Mexico. One of the characteristics of these four states is the abundance of salt basins that are currently being explored for their potash potential. In a look at the Four Corners region, Potash Investing News has a look at the Paradox Basin in Utah and Colorado.
Intrepid Potash Inc. (NYSE:IPI) announced their Q1 results for 2013.
Reuters reported that potash maker Intrepid's quarterly profits fell due to lower potash prices.
Potash producers are optimistic about their 2013 demand projections, however, some financial firms remain skeptical.
Menafn.com reported that Intrepid Potash will issue USD150m aggregate principal amount of unsecured senior notes in three series to institutional investors in a private placement.
NBCNews reported the that Intrepid Potash posted second quarter earnings of $98.8 million, beating revenue expectations and meeting earnings per share.
Reuters reported Intrepid Potash expected second-quarter sales greater than its own estimates, despite a decrease in potash sales by 225,000 tons from the same period last year.
Financial Post reported that RBC Capital Markets has suggested investors wait to invest in Intrepid Potash (NYSE:IPI) until potash enters a bull market.
Recent farm sector strength has pushed potash sales higher even though there has been a slide in the price of potash. And despite the increasing revenue stream, many fertilizer and potash company stocks have reached 52-week lows.