More da SilvaFrom yesterday's show. GLTA
BUY
Nutrien Ltd.(NTR-T)
26/04/2023
Retail provides a nice balance to direct fertilizer prices. Tough run after coming off 2022 peak. Using an 8x, mid-cycle multiple and today's prices, you could easily see the stock in the $120-125 range. Plenty of upside on a more normalized price environment. Ukraine war plus weather is playing a role in volatility. Benefits from strong farmer income.
Agriculture
Denis da Silva
$94.750
Owned