Siddharth Rajeev, vice president and head of research at the equity research group Fundamental Research, told Potash Investing News that we should expect “a lot more activity this year with junior potash companies,” including “a lot more consolidation in the potash sector as companies with good assets and low current valuations are driven down by weak potash prices."Rajeev said the Kanalyte deal and the potential Encanto contract are “very significant for the junior potash space,” which was severely hurt last year after prices plunged from $800 to $460 in just a few years.
Karnalyte Deal Shines Light On Potash Juniors
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts