Top Safest Companies To Own In Right Now: Potash Corporation of Saskatchewan Inc.(POT)
Potash Corporation of Saskatchewan Inc. produces and sells fertilizers and related industrial and feed products primarily in the United States and Canada. The company mines and produces potash, which is used as fertilizer. It also offers solid and liquid phosphate fertilizers; animal feed supplements; and industrial acids that are used in food products and industrial processes. In addition, the company produces nitrogen fertilizers, as well as nitrogen feed and industrial products, including ammonia, urea, nitrogen solutions, ammonium nitrate, and nitric acid. Further, it holds the right to mine 785,759 acres of land in Saskatchewan; and 58,263 acres of land in New Brunswick in Canada. The company sells its fertilizers primarily to retailers, dealers, co-operatives, distributors, and other fertilizer producers; industrial products primarily to chemical product manufacturers; and purified phosphoric acid directly to consumers of the product. Potash Corporation was founded i n 1953 and is based in Saskatoon, Canada.
Advisors' Opinion:- [By Ben Levisohn]
UBS analyst Brian MacArthur and team explain why they upgraded Potash Corporation of Saskatchewan (POT) to Buy from Neutral today:
Potash CorpPotash Corp is positioned to benefit from a significant ramp-up of low cost production through 2017 as its new Rocanville and Picadilly operations enter production. In the near-term the planned closure of Mosaic’s (MOS) Carlsbad operations in January 2015 and the current flood at Uralkali’s Solikamsk-2 mine could remove up to 2.4-3.4Mts of combined capacity from the market and provides the opportunity for Potash Corp to gain more volumes. Furthermore, this could also lead to higher pricing.
- [By Ben Levisohn]
Potash Corp. (POT) has risen 1.2% to $3! 5.70 after it was upgraded to Buy from neutral at UBS.
Seadrill (SDRL) has tumbled 5.1% to $11.73 after it was downgraded to Sell from Neutral at Goldman Sachs.
- [By Reuben Brewer]
Potash Corp. (NYSE: POT ) had been run by Bill Doyle for about 15 years. Now, when the industry is facing an almost existential crisis, a new leader is coming in. Believe it or not, it's a great time for Jochen Tilk to be taking over.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-safest-companies-to-own-in-right-now-4.html
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