RE: RE: Please be serious... You are right that there is an out clause. But with 30% of production sold for 20 years...
What I don't believe is that a state owned chinese firm would lock in a 8 to 10 billions in contract with a company they are not sure that they are going to secure. The chinese are buying to bypass Canpotex but signed a 10 billions contract that could play against them ? Imagine POT, or any other company in the canpotex cartel buys WPX. They have 30% of production already sold at market price....for 20 years.
Not going to happen...the amount is to high for them to be locked in without knowing they will go through.
Don't let your skepticism and disbelief get the better end of your logic.