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Potash Corporation of Saskatchewan Inc. (POT)

  • Oct. 7, 2013, 6:13 PM
    • Mosaic (MOS) lowers its outlook for 2013 global potash shipments, citing weaker demand in India and a delay in settling a second-half contract between its export agency Canpotex and China's Sinofert Holdings.
    • CFO Larry Stranghoener says he sees global potash shipments of 54M-55M metric ton, down from its previous estimate of 55M-57M metric tons but higher than 2012's 51M; by 2014, global shipments should rebound to 57M-59M.
    • MOS, Potash (POT) and Agrium (AGU) sell potash to offshore markets through the Canpotex export consortium.
    | Oct. 7, 2013, 6:13 PM | 2 Comments
  • Oct. 3, 2013, 9:47 AM
    • Global potash prices will stay above $300/metric ton but likely will fall further this year, bottoming out in early 2014 when supply contracts for top global consumer China are set, and rebounding thereafter, according to Uralkali's (URALL.PK) head of sales.
    • He gives no current average price, but says the domestic price in China of ~$330/metric ton delivered at the border was a "guideline" for the company's rail supplies.
    • Recent reports have said a large stake in Uralkali could be sold to one of several local bidders, but sources tell Reuters that no buyers are close to a deal now.
    • POT +0.5%; MOS +0.1%; AGU, which named a new CEO, +1.2%; IPI -0.4%.
    | Oct. 3, 2013, 9:47 AM | Comment!
  • Oct. 2, 2013, 2:02 PM
    • Agriculture and potash names are moving higher following a WSJ story suggesting a large stake in Russian potash giants Uralkali (URALL.PK +3.3%) likely will be sold to one of several local investors bidding for the company.
    • Sources say the Kremlin is eager to repair the rift with Belarus that led to the collapse of the informal global potash cartel and has made clear to potential bidders that some kind of sales cooperation with the country - a close Russian ally - should be restored after any deal.
    • POT +3%, MOS +3.6%, AGU +2.2%, IPI +3.4%.
    | Oct. 2, 2013, 2:02 PM | 5 Comments
  • Sep. 30, 2013, 3:29 PM
    • Indian Potash says it has renegotiated an annual contract for the import of ~1M metric tons of potash at a 12%-plus discount following the breakup of a global fertilizer grouping led by Russia's Uralkali (URALL.PK), which says it is now pursuing a volume-over-price strategy.
    • Indian potash importers, who form the second biggest buyer group after China, sought discounts on their current contracts following the breakup and said the slide in the rupee vs. the dollar since May had made imports more expensive for them.
    • POT -1.1%, MOS -1%, AGU -1.3%, IPI -0.6%.
    | Sep. 30, 2013, 3:29 PM | 2 Comments
  • Sep. 26, 2013, 7:53 AM
    • The CEO of Russian potash producer Uralkali (URALL.PK) is released from a Belarusian prison and placed under house arrest, signaling that the dispute over potash price may be nearing an end.
    • The transfer to house arrest comes as Russian Pres. Putin is scheduled to meet today with Belarus Pres. Lukashenko and after Russia's prosecutor general met with his Belarus counterpart earlier this week.
    • Stocks to watch: POT, MOS, AGU, IPI.
    | Sep. 26, 2013, 7:53 AM | Comment!
  • Sep. 24, 2013, 10:20 AM
    • Potash stocks are lower after China acquired a 12.5% stake in Russian potash producer Uralkali (URALL.PK -1.4%), a deal that could put new pressure on prices and reduce the chances of the Russia-Belarus cartel being revived.
    • The deal could strengthen China's position in negotiations with other producers; China imports ~6M metric tons/year of potash, more than 10% of global demand, and the Chinese potash price is considered the global benchmark.
    • The deal also could give Uralkali an upper hand in selling potash in the Chinese market ahead of Canpotex, the North American potash cartel owned by Potash (POT -1.4%), Mosaic (MOS -1.4%) and Agrium (AGU -0.8%).
    | Sep. 24, 2013, 10:20 AM | 2 Comments
  • Sep. 19, 2013, 2:26 PM
    • The president of Belarus hints for the first time at a possible resolution in the potash fight that has rocked global markets, suggesting he is open to the idea of sending the jailed Uralkali (URALL.PK) CEO back to Russia for prosecution there.
    • Belarus officials reportedly issued a copy of their case file against the CEO to Russian authorities last week as the first step in possibly sending him back to Russia, where he could stand trial without being held in custody.
    • Analysts say while a settlement in the potash case may be close, it is unclear if a renewed partnership would ever be able to restore the market to where it was.
    • POT -2.1%, MOS -1.3%, AGU -1.1%, IPI -3.9%, SQM -1.4%.
    | Sep. 19, 2013, 2:26 PM | 1 Comment
  • Sep. 18, 2013, 10:41 AM
    • Belarus is not willing to lower its potash prices as a cut would cause losses, a top government official says in comments viewed as raising the chance of reviving a sales cartel with Russia.
    • Belarus is willing to cooperate with Uralkali (URALL.PK) in the future "in any format," the official says, when asked if the country would consider forming a new joint venture with the Russian firm; "our cooperation [with Uralkali] was a positive experience."
    • POT -0.2%, MOS -0.2%, AGU -0.2%, IPI +0.4%.
    | Sep. 18, 2013, 10:41 AM | 1 Comment
  • Sep. 17, 2013, 11:59 AM
    • Russia continues to ratchet up the pressure on Belarus amid the potash spat, as an export schedule shows it will cut oil pipeline supplies to the country by 42% in Q4.
    • According to the schedule, Russia will ship 3.1M metric tons of oil (62K bbl/day) to refineries in Belarus via pipeline in October-December, down from 5.3M metric tons originally planned for Q3.
    • Russian oil pipeline monopoly Transneft also has said oil shipments to Belarus would be cut by 233K metric tons in September due to pipeline repairs.
    • POT -1.8%, MOS -0.8%, AGU -1.4%, IPI -1%, SQM -0.9%.
    | Sep. 17, 2013, 11:59 AM | 4 Comments
  • Sep. 17, 2013, 9:43 AM
    • Fertilizer producers open lower - but perhaps not as much as feared - after Mosaic (MOS -1.4%) cut its Q3 price and volume estimates in its potash and phosphates businesses, citing caution from dealers in the short term that has resulted in deferred purchases.
    • Mosaic’s previous financial forecast had been made just two weeks before the breakup of the Russian potash marketing cartel; since then, “international crop nutrient markets have softened in part as a result of the distributors’ cautiousness,” the company says.
    • POT -1.5%, AGU -0.5%, IPI -0.7%, CF -0.2%.
    | Sep. 17, 2013, 9:43 AM | Comment!
  • Sep. 16, 2013, 2:49 PM
    • Shares of potash companies again push higher on reports that Uralkali (URALL.PK) could consider rejoining Belarus in a new pact.
    • Russian financial daily Vedomosti outlined as many as seven potential sale options for main Uralkali owner Suleiman Kerimov and his partners, including one positing Rosneft (RNFTF.PK), which has cash in hand thanks to the dividend streams it receives from its energy holdings, as one potential buyer.
    • "Rosneftegaz can consider anything, if someone makes an approach," holding company chairman Igor Sechin reportedly says, leaving the door open to a potential nationalization.
    • POT +2.5%, MOS +0.2%, AGU +2.7%, IPI +8.5%, SQM +0.5%.
    | Sep. 16, 2013, 2:49 PM | 1 Comment
  • Sep. 13, 2013, 3:37 PM
    • Potash (POT +2.3%) is cut to Sell from Hold with a $31 price target, down from $36, at Cantor Fitzgerald, which says the stock's recent surge is unwarranted as potash prices continue to fall.
    • A lack of demand is evident and POT may have to curtail production, which would in turn reduce earnings, the firm says; potash prices in India and Brazil already have plunged 15%-20%.
    • Also, the Uralkali-Belaruskali dispute will take time to resolve, and it's possible that any reunion could come at the expense of its competitors at least until it has regained lost market share.
    • Shares are higher on a report that Sergei Kerimov has arranged to sell his 21.7% stake in POT for $3.7B.
    | Sep. 13, 2013, 3:37 PM | 2 Comments
  • Sep. 13, 2013, 11:58 AM
    • Rumors that Russian billionaire Suleiman Kerimov is selling his 21.7% stake in potash producer Uralkali (URALL.PK) reach a fever pitch, as news agency RIA Novosti reports a $3.7B sale to investor Vladimir Kogan; so far, neither party has issued a comment.
    • POT +3.9%, MOS +3.8%, AGU +1.7%, IPI +6.1%, SQM +2%.
    | Sep. 13, 2013, 11:58 AM | 2 Comments
  • Sep. 12, 2013, 1:23 PM
    • Potash Corporation of Saskatchewan Inc. (POT) declares $0.35/share quarterly dividend, in line with previous.
    • Forward yield 4.39%
    • Payable Nov. 5; for shareholders of record Oct. 15; ex-div Oct. 11.
    | Sep. 12, 2013, 1:23 PM | Comment!
  • Sep. 11, 2013, 2:59 PM
    • Potash stocks have rallied in recent days on speculation that Russian oligarch Suleiman Kerimov will sell his 21.7% stake in Uralkali (URALL.PK), but Scotiabank's Ben Isaacson thinks the market is putting too much weight into the potential sale.
    • Even if it does happen, the analyst thinks it's no more than a "mild positive" for the sector, noting Uralkali’s CEO remains in prison in Belarus; also, the subsequent trade war between Russia and Belarus is getting worse, and the elimination of a costly export tax has allowed Belaruskali to be more aggressive in negotiating prices with buyers and selling potash into the market.
    • POT -2.6%, MOS -1.1%, AGU -1.8%, IPI -0.1%, SQM +0.2%.
    | Sep. 11, 2013, 2:59 PM | 2 Comments
  • Sep. 11, 2013, 12:20 PM
    • The latest on the potash spat: Interpol issues an unusual statement refuting claims by Belarus that it had placed Uralkali (URALL.PK) owner Suleiman Kerimov and several executives from the Russian potash company on an international wanted list.
    • Belarus said last week Interpol had issued an international arrest warrant for Kerimov after he had been charged in the country with abusing his power in connection to Uralkali’s split from its trading partnership with Belaruskali.
    • The warrants were widely reported in Russian media and beyond, but Interpol now says no warrants have been issued and it is continuing to review requests from Belarus.
    • POT -3.3%, MOS -1.3%, AGU -1.9%, IPI -0.5%, SQM -0.2%.
    | Sep. 11, 2013, 12:20 PM | 3 Comments
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Company Description
Potash Corp of Saskatchewan Inc is an integrated fertilizer and related industrial and feed products company. It owns and operates five potash mines in Saskatchewan and one in New Brunswick.
Country: Canada