Sinofert to Seek Out Fertilizer Assets Sinofert to Seek Out Fertilizer Assets
WPX, ICP and ST were mentioned by an analyst this morning:
- We believe Sinofert will look at jr. developing assets with:
- large resources – companies that standout include: Western Potash (WPX-T, Outperform, $1.65 Target), IC Potash (ICP-T, Outperform, $1.60 Target), Stonegate (ST-T, Outperform, $1.45 Target)
- favourable geography – we suspect Sinofert would look at Canada, U.S., Africa for assets given China’s asset acquisition history. We do not think Brazilian assets will be targeted (nor do we think the Brazilian gov’t would allow it).