Potash Corporation of Saskatchewan appreciated nearly 20 times in value from early 2004 through midsummer this year.
The accord was for 1 million tons and was signed by Canpotex, a marketing compay for Saskatchewan potash producers, and the Chinese agency Sinofert.
My favorite right now is Potash Corp of Saskatchewan (POT ).
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That was a contrast with the nationalist response to the attempt in 2010 by BHP Billiton, an Anglo-Australian mining giant, to buy another Prairie business icon, the Saskatchewan Potash Corporation, which was blocked by both the provincial and federal governments.
In Friday trading, Potash Corp. of Saskatchewan Inc. shares are currently down about 1% on the day.
Holding shares in an acquisition target provides the most upside, as shareholders of Potash Corp. of Saskatchewan ( POT) and 3PAR ( PAR) can attest.
This year, Rutgers is pitching Potash Corp. of Saskatchewan ( NYSE:POT).
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Among the largest underlying components of GNR, in trading today Chevron Corporation ( NYSE: CVX) is up about 0.4%, Potash Corp. of Saskatchewan Inc. ( Toronto: POT) is off about 0.3%, and Mosaic Co ( NYSE: MOS) is lower by about 0.6%.
Among the largest underlying components of HAP, in trading today Potash Corp. of Saskatchewan Inc. ( NYSE: POT) is off about 0.5%, Archer Daniels Midland Co. ( NYSE: ADM) is up about 0.7%, and Schlumberger Ltd. ( NYSE: SLB) is higher by about 0.3%.
Further complicating matters is the future of potash marketing agency Canpotex, which is increasingly worrisome to both the Saskatchewan and the federal governments.
It operates out of Saskatchewan, which is a rich storehouse of commodities that are in high demand right now, including potash and oil.
The government of the Province of Saskatchewan served notice this week that it would take a dim view of any state-controlled entity swallowing Potash Corp.
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