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Stock Market & Financial Investment News

News Breaks
April 15, 2014
07:46 EDTPOT, BHPPotash Corp. speculated to be targeted again by BHP Billiton, Globe & Mail says
Speculation is "intense" in the fertilizer industry that BHP Billiton (BHP) may again make a bid to take over Potash Corp. (POT) after failing in a prior buyout attempt in 2010, according to the Globe & Mail. Reference Link
News For POT;BHP From The Last 14 Days
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January 30, 2015
06:22 EDTBHPBHP Billiton to cut Olympic Dam workforce in Australia, WSJ reports
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January 29, 2015
06:40 EDTPOTPotash sees FY15 CapEx $1.2B
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06:40 EDTPOTPotash sees FY15 potash sales volumes of 9.2M-9.7M tonnes
Sees FY15 potash gross margin to reach $1.5B-$1.8B. In nitrogen, the potential for fewer supply-related disruptions, lower global energy prices and slightly weaker agricultural fundamentals could result in a more tempered pricing environment in 2015. Anticipates that gross margin in nitrogen will trail the record level achieved in 2014. Sees combined nitrogen and phosphate gross margin will be in the range of $1.1B-$1.3B in 2015, relatively flat with 2014.
06:38 EDTPOTPotash enters 2015 with 'positive, albeit moderated, view' for business
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06:04 EDTPOTPotash sees FY15 EPS $1.90-$2.20, consensus $2.12
06:03 EDTPOTPotash sees Q1 EPS 45c-55c, consensus 50c
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06:02 EDTPOTPotash reports Q4 EPS 49c, consensus 46c
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January 28, 2015
17:26 EDTPOTPotash raises quarterly dividend approximately 9% to 38c from 35c per share
The dividend is payable May 4 to shareholders of record on April 13.
12:50 EDTPOTEarnings Preview: Potash sees 'strong customer engagement' in Q4
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10:13 EDTBHPHigh option volume stocks
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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
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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
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