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Stock impact report

Here's Why Intrepid Potash Rose 24.6% in December [The Motley Fool]

Intrepid Potash, Inc (IPI) 
Last intrepid potash, inc earnings: 3/2 04:34 pm Check Earnings Report
Company Research Source: The Motley Fool
Believe it or not, the fertilizer producer rode higher oil prices higher. Maxx Chatsko ( TMFBlacknGold ) Jan 8, 2018 at 8:16AM What happened Shares of fertilizer manufacturer Intrepid Potash ( NYSE:IPI ) rose nearly 25% in the final month of 2017 on the continued momentum of crude oil prices. Wait, what? It's true. The company's unique production methods, which rely on pumping mineral-containing brine underground and then into solar evaporation ponds, require it to secure significant water rights in New Mexico and Utah. Pair that with its geographic proximity to the Permian Basin, America's most important oil-producing region, and there exists an opportunity to create a new revenue stream selling water to fracking operations. That has long been the plan on paper, but Wall Street thinks rising energy prices now make it a more realistic possibili Show less Read more
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