I would say that it depends on the synergies involved. It would make sense to buy the whole works, but if you are a fertilizer company such as TNH looking to expand, you may not want to or have the know-how to get into the petroleum refining space. Anyway, it's all nice speculation until it actually happens.
TNH is a fine company. I think going forward, with increasing natural gas prices, UAN will have an advantage using PET Coke. Also, I think UAN is a great acquisition target; especially for a fertilizer company wanting to expand into using PET Coke.
I have read earlier this year that urea prices might increase due to the conflict in Ukraine. Since the crisis, natural gas from Russia must have been curtailed or prices increased. Can anyone knowledgeable on the subject comment on where things currently stand?
Prosperity Mine on MP's bucket list
By Monica Lamb-Yorski - Williams Lake Tribune
Published: October 17, 2013 4:00 PM
Updated: October 17, 2013 4:49 PM
Wednesday’s throne speech sets out a path for the next two years, said Cariboo-Prince George MP #$%$ Harris.
“Our government is continuing to concentrate on creating jobs, it’s a priority for the prime minister,” Harris said Thursday.
His riding has one of the lowest unemployment rates in Canada, he added.
“We’ve all been through the pit of the depression and come out stronger than ever.”
Attributing the recovery to the spirit of the people living in the region, Harris also credited the federal government for investing hundreds of millions of dollars in the region in both infrastructure and spending that created jobs.
“In the throne speech yesterday the prime minister spoke about the $70 billion infrastructure commitment our government made with the economic action plan,” Harris said. “That’s still got a ways to go. I think somewhere around $50 billion has been spent.”
Harris also said the New Prosperity Mine is on his bucket list and he plans to keep fighting for it to open.
"I really want to see that mine up and running," he said. "I truly anticipate that the environmental review panel is having a very careful look at the proposal and seeing that Fish Lake is not an issue in this proposal."
Taseko Mines is spending additional million of dollars to save the lake, he added.
The mine's development is essential to the economic growth of the region and more, Harris insisted.