{"id":264345,"date":"2010-02-02T09:23:00","date_gmt":"2010-02-02T14:23:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:390093"},"modified":"2010-02-02T09:23:00","modified_gmt":"2010-02-02T14:23:00","slug":"bhps-athabasca-potash-pick-up-unique","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/264345","title":{"rendered":"BHP’s Athabasca Potash pick-up ‘unique’"},"content":{"rendered":"

Just because Australian natural resource giant BHP Billiton<\/a> picked up a junior producer<\/a> in Athabasca Potash Inc.<\/a> for a healthy $341-million last week unfortunately does not mean every Saskatchewanian potash miner suddenly becomes a takeover target, a new note from Scotia Capital says.<\/p>\n

"The recent acquisition of Athabasca Potash by BHP was unique due to the potential synergies that the Burr project offers BHP's Jansen project," Ben Isaacson, analyst with Scotia, said in a note.<\/p>\n

The Burr and Jansen projects are adjacent to each other, giving BHP some 14,000 square kilometres of exploration ground in Saskatchewan.<\/p>\n

This is bad news for, say, Western Potash Corp.<\/a>, which Mr. Isaacson does not expect will be taken over by BHP or anybody else in the near future.<\/p>\n

"We believe there is a low likelihood of Western Potash being acquired due to its limited progress to date relative to its peers," he said.<\/p>\n

In any case, Mr. Isaacson and others await resource estimates on the company's Milestone project in Saskatchewan and Russell project in Manitoba, both of which remain in the development stage.<\/p>\n

Mr. Isaacson maintains a Sector Perform rating and 80 cents target price for Western Potash.<\/p>\n

Eric Lam<\/a>  <\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Just because Australian natural resource giant BHP Billiton picked up a junior producer in Athabasca Potash Inc. for a healthy $341-million last week unfortunately does not mean every Saskatchewanian potash miner suddenly becomes a takeover target, a new note from Scotia Capital says. "The recent acquisition of Athabasca Potash by BHP was unique due to […]<\/p>\n","protected":false},"author":4586,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-264345","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/264345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4586"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=264345"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/264345\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=264345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=264345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=264345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}