Potash Corp CEO: Confident in the Potash Market

The video discusses the evolution of earnings and changes in price guidance for the year, highlighting a shift from $0.90-$1.20 to $0.60-$0.80. It emphasizes confidence in the market due to customer engagement and the upcoming settlement of a Chinese contract, which is expected to boost market momentum. The video concludes with a note on sustaining dividends and prudent capital management, including a reduction in capital expenditure by $100 million to ensure a strong balance sheet.

What change did the company make to its financial guidance for the year?

• Increased from $0.60 to $0.80

• Decreased from $1.20 to $0.90

• No change was made

• Changed from $0.90 to $1.20 to $0.60 to $0.80

What factor is contributing to the company's confidence in the market?

• Reduction in market momentum

• Settlement of a Chinese contract

• Decrease in customer engagement

• Increase in capital expenditure

What is the expected outcome of the Chinese contract settlement?

• Decrease in market momentum

• Increase in market momentum

• Reduction in customer engagement

• No impact on the market

What financial action did the company take to show prudence?

• Increased capital expenditure by $100 million

• Increased dividends

• Reduced capital expenditure by $100 million

• Maintained the same level of capital expenditure

How did the company plan to manage its balance sheet effectively?

• By maintaining the same level of capital expenditure

• By increasing dividends

• By increasing customer engagement

• By reducing capital expenditure