TSXV:AAA.P - Post by User
Post by
irrationalexon Jan 02, 2014 12:06pm
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Post# 22052797
AAA creeping up day-day
AAA creeping up day-day
POT-TSX article today on BPC rumours, also can apply to speculation on AAA
The Financial Post reports in its Thursday edition Potash Corp. of Saskatchewan was one of the worst performers on the Toronto Stock Exchange with an annual return of negative 13.49 per cent. The Post's David Pett writes that Potash Corp.'s fate as one of the year's worst performers was sealed in late July when shares in the fertilizer giant plummeted 23 per cent in just two days following the breakup of Belarusian Potash Co. BPC is one of two global marketing ventures that controlled 40 per cent of potash exports worldwide. The stock has since somewhat rebounded, rising 13 per cent over the past five months, but most analysts covering the company believe 2014 will be another tough year. That could all change, however, if rumours prove true that Urakali and Belaruskali, the estranged partners in BPC, patch up their cartel-like relationship in the new year. Potash Corp. closed Tuesday at $35.02, up four cents on the TSX.