RE:Fertecon e-bulletin fertilizer summary for NovemberTotally agree. Truly believe that the potash market is steady to firm as major producing countries, such as Canada, Russia, Belaruno and Morroco, rationalize their production. On the other hand, Chinese potash demand is still strong, and they just like Canadian "Red" potash. Regarding to WPX, they have $76 million current assets but it's current market CAP is only $56 million. It indicates that WPX share price is far undervalued in terms of its cash and cash equivelant ($76 million). Will the share price continue to drop irrationally? I really doubt it? Therefore, I am starting to buy in as much as I can. Please be noted this is only my opinion, not a financial advice. Cheers.
thairat wrote: Fertecon e-bulletin fertilizer summary for November
Market Summery
POTASH Outlook: Steady to firm POTASH
- Leading investor advisories recommend PotashCorp and Agrium shareholders vote in favour of merger
- UK’s Sirius Minerals receives $300 million backing from Hancock Group for North York Moors Potash Project
- Canpotex and BPC sold out through to Q1 2017.