Bloomberg reports that Potash Corp. of Saskatchewan Inc., rose the most in more than four months in New York amid speculation corn and soybean futures will extend price gains into next year.
Potash Corp. of Saskatchewan was targeted by a wave of put purchasing on Monday. During the course of the session, option traders on the International Securities Exchange bought to open 1,382 puts, compared to 132 calls. For full story, click here
The cost of protecting debt sold by BHP Billiton increased as much as 15 percent this week on concern the world’s leading mining company may be planning an acquisition after selling $6.3 billion of bonds. For full story, click here
By Leia Michele Toovey- Exclusive to Potash Investing News Rumours of BHP Billiton’s interest in acquiring a major potash company just won’t go away, as JP Morgan picked up on the theme on Tuesday. Speculation mounted that the world’s largest miner was preparing for a large acquisition after the company raised more than US $6 billion [...]
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
Speculation is what you have to go on fellow. Potash Corp is currently trading at $83, and it could easily go lower, but traders are betting in the coming month. Potash shares could gain back some market. The 52-week range for Potash Corp runs from $47 all the way to $241. For full story, click [...]
Wednesday, December 29, 2010