New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 14, 2012
15:54 EDTBHP, POTPotash CEO sees good close of year, not against foreign owner, Bloomberg says
Potash Corp. (POT) CEO Bill Doyle said he is not opposed to foreign ownership but opposed a hostile takeover bid from BHP Billiton (BHP) because of his “duty” to receive full value for the company, reported Bloomberg, citing his statements at a meeting in Ottawa. Doyle's sees a “very robust” last nine months of the year, the report added. Reference Link
News For POT;BHP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 20, 2015
18:21 EDTBHPBHP Billiton provides operational update
Group production increased by 9% during the December 2014 half year with records achieved for eight operations and five commodities. Production guidance remains unchanged and we are on track to deliver Group production growth of 16% over the two years to the end of the 2015 financial year. Metallurgical coal production increased by 21% to 26 Mt in the December 2014 half year as Queensland Coal and Illawarra Coal both achieved record half year volumes. Western Australia Iron Ore production increased by 15% to a record of 124 Mt (100% basis) in the December 2014 half year as the ramp-up of Jimblebar continued and we improved the availability, utilisation and rate of our integrated supply chain. Petroleum production increased by 9% to a record 131 MMboe in the December 2014 half year supported by a 71% increase in Onshore US liquids volumes to 24.4 MMboe. Copper production decreased by 2% to 813 kt as strong underlying operating performance across the business was offset by lower grades at Antamina. Record manganese ore and alumina production was underpinned by strong performances at both Hotazel and the Alumar refinery.
18:19 EDTBHPBHP Billiton to reduce U.S. rigs by about 40% by end of current fiscal year
Subscribe for More Information
08:26 EDTPOTAgrium preferred over Potash, Mosaic at Canaccord
Canaccord said they prefer Agrium (AGU) over both Potash (POT) and Mosaic (MOS). Mosaic raised its guidance due to its phosphate business, but with a lack of catalysts expected in the potash market in 2015 the firm continues to see solid growth volume, increasing nitrogen margins, and free cash flow expansion for Agrium. Canaccord maintains its Buy rating on Agrium and its Hold rating on both Mosaic and Potash shares.
06:51 EDTBHPBHP Billiton upgraded to Overweight from Neutral at HSBC
January 19, 2015
16:28 EDTPOTMosaic raises Q4 EPS outlook to 83c-88c, consensus 57c
The Mosaic Company announced that it expects reported phosphates volume and phosphates and potash margins to exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in Q4 earnings per share in the range of 93c-98c, including 10c in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. The company expect earnings, excluding notable items, to be in the range of 83c-88c. The consensus EPS estimate is 57c..Mosaic stated, "Demand for potash and phosphates exceeded our expectations during the fourth quarter,. We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices...Our Phosphates business sold 3.3 million tonnes of finished product during the quarter - well above our expectations - and our Potash business produced at a high operating rate due to a successful proving run at the Colonsay mine." Mosaic's peers include Potash (POT) and Agrium (AGU).
January 16, 2015
13:39 EDTBHPBHP Billiton upgraded to Buy from Hold at Canaccord
Subscribe for More Information
January 15, 2015
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:57 EDTBHPBHP Billiton upgraded to Outperform from Neutral at Macquarie
Subscribe for More Information
January 14, 2015
19:26 EDTBHPBHP Billiton upgraded to Conviction Buy from Neutral at Goldman
Subscribe for More Information
January 12, 2015
19:44 EDTPOTPotash marketing firm reaches supply agreement with Sinofert
Subscribe for More Information
12:02 EDTPOTUSDA cuts 2014 corn output estmate on lower yields
In its latest World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture said its U.S. feed grain supplies for 2014/15 are now projected lower, with a reduction in corn production more than offsetting an increase in sorghum. Corn production is estimated 191M bushels lower, though yield and production both remain records, USDA noted. Publicly traded companies in the space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use