Nutrien Ltd. (NTR.TO)

We like the NTR’s valuation, trading at 10.7x Forward P/E, which is at the lower end of historical averages (ranging from 7x to 20x). The balance sheet is also decent, with net debt/EBITDA in only at 1.3x. The company has a shareholder-friendly policy of aggressively repurchasing shares. Although the near-term outlook is not so attractive, we think investors could do quite well at this valuation three or five years from now. Overall, we would be comfortable adding here, to a position size that reflects its cyclicality.
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It rallied hard when Russia invaded Ukraine, but potash prices were 3x their historic average and demand pulled back. They missed earnings for a few quarters. That said, it's a quality company. It's much better than the days when they dealt merely potash. Their supply stores offer good returns on capital. There will be a time to get back into this. Sales were so strong last year that this year's comps will look unflattering. He will wait for this to bottom.

Really likes it here. Quant work is showing attractive value at these levels. Pulled back to some key technical levels. Chart is improving.

Recent port strike will cause higher demand for products.
Does not own shares, but is a strong business.
Expecting higher share price.
Supply of Potash very erratic. 

Volatile over the last 5 years with weak shareholder returns. Stock isn't expensive and the balance sheet is good. It's driven by the underlying commodities (fertilizer). You're better to look at AFN. NTR may not hurt you, though. If commodities rally, so will NTR.

He sold on concerns of higher interest rates. Showing a bit of life recently, but he's not ready to go back. A strong company when the world is working, but it can get caught up in trade issues. Be cautious.

A long-term hold for her. Long-term secular trends for fertilizer are positive. NTR has been more cyclical than she anticipated; the Russian invasion spiked the commodity price last year. However, some farmers didn't buy at those high prices and waited, which pushed prices down. NTR made a lot of money in 2022, but are guiding down this year. NTR is the lowest-cost producer of potash. Also, she likes their retail operation because it's less cyclical. Good cash flow which supports their 3.5% dividend. She took profits when shares were high.

Demand for fertilizer is strong in the long term.
Current share price still high.
Long term growth of commodities such wheat will be strong.
Strong company, but wait to buy on weakness.

It is a very volatile stock and not a long term hold. Seasonal stocks like this tend to accelerate in the fall.

Still owns it, but reduce his holding because the price was dismal. A spec buy. NTR has had a rough ride lately given weak potash prices. But Brazilian prices are stabilizing, for instance. Likes its valuation now, so you can start adding at cheaper levels.

Volatile name. He doesn't favour these commodities. Decisions are made years in advance, and supply/demand is cartel-like. Instead, he'd choose the oil and gas space now.

Doesn't know why it's down so much, 50% from its peak. Its PE has fallen so low, 7x operating cash flow and are vertically integrated. They have a retail operation. There's consolidating in this sector. They're buying back shares. Been buying it in recent days.

Apples and oranges comparison, fertilizer vs. natural gas. All NTR's commodities have rolled over, earnings disappointed, he sold. NTR is a good company, valuation not good, not the time to own.

Likes and owns TOU. Gushing cashflow. Special dividends on top of regular ones. Dividend increase. Biggest and best nat gas producer in Canada. Commodity producers are slaves to the one thing they can't control, but TOU breaks the mold based on strategic contracts. Inexpensive 9x earnings, financially very strong. He's a buyer here.

Potash prices really increased after the war in Ukraine. But now prices have come down more to reality. Hard to increase capacity effectively. Forward guidance is poor. If there's growth around the world, this will also grow.