Western Potash (WPX.TO) Buy, Sell or Hold

Western Potash (WPX.TO)

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COMMENT

Junior potash player in Manitoba. Has been talk about the company being positioned for a take out but this could take anywhere from three months to a couple of years.

BUY

Bullish of the agriculture cycle but the small cap side has really taken a beating but he likes this one. Has a nice resource. Probable takeover target.

BUY

20 million warrants dragging the price down? That’s always a tough call. Market correction has been a big factor. This one, like a lot of stocks, has put a nice bottom in and he expects significant upside.

COMMENT

Would measure these types of stocks on their reserve life and the cost of production. This one seems to be in a good location.

WAIT

Nice up-trend. Watch this one as an indicator to the whole sector. When you get a parabolic move, there is a good chance that it will come down to earth. Relative strength on this one is quite high. He thinks this one will come back a bit, but when you get a relatively strong story like this it is a potential take-out candidate.

BUY

Recently did a financing so they won’t need cash. As long as the Agricultural cycle is on the upswing, the junior potash names are going to do quite well. There have been acquisitions in the area they are in. Should do OK.

BUY

Potash. Just bought this stock recently. One of the more advanced junior potash players out there. Did a financing in Dec, which will allow them to help move their project forward. Expect it to move significantly higher. Will more than likely be acquired.

COMMENT

Agriculture has been bouncing around the lows here but is shaping up quite nicely. He would want to do more research.

DON'T BUY

Not a good fit for the typical investor. A Bit of a lottery ticket. Prefers MGO-T

RISKY

Long way to go to be a tier one operator. A long way to go until the mine is in production. The solution mining technique loads down the time frame to get the potash from the ground. You own the stock in the hopes of a takeout or a consolidation. He has his doubts.

BUY

Expecting more consolidation in potash and this would be a candidate. Expect you will get a significant return from this.

DON'T BUY

This is more like a warrant on some majors in a sector and their appetite to buy out the company. Speculative play.

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Western Potash (WPX.TO)