Please be serious... I can believe what i'm reading.
China Blue is a company that has been looking to get in potash for a number of years. It's easy to find that these guys have been looking to make offers, not only to wpx, but other big players like potash corp. Look, they where looking to beat BHP at buying POT for BILLIONS. So they have been serious in looking for acquisition for a number of years. WPX is a small investment compare to buying POT...be serious....
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Another serious contender with more financial clout is fertilizer firm China Blue Chemical Ltd., a division of state-owned China National Offshore Oil Corp. (CNOOC), sources have told The Globe.
Hong-Kong listed China Blue Chemical publicly stated in August that it planned to use its strong financial position to expand market share "by tapping market and acquisition opportunities in line with our business strategy."
China Blue Chemical is the largest nitrogenous fertilizer manufacturer in mainland China, with a market value of $3.4-billion (Canadian). Its parent, CNOOC, has a market capitalization of $87.4-billion.
Saskatoon-based Potash Corp. is the world's largest potash producer and the third-largest producer of nitrogen and phosphate, all of which are used to produce fertilizer. The company's nitrogen and phosphate assets are valued at more than $8-billion.
source : https://www.theglobeandmail.com/globe-investor/beijing-nears-decision-on-potash-bid/article1380172/
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They have made a comitment of 32 millions, which is still a lot of money, but nothing compared to the agreement worth 8 to 10 billions of dollars for the offtake. Do you know the risks involved in signing an agreement worth 10 billions if you don't know what is going to happen with the company you signed it with? If you are one of those people well, i wouldn't want to be in your heads because you need treatment.