Q: Hello 5i
Do you think the Strait of Hormuz conflict will push fertilizer prices higher globally and thus aid NTR? If so to what extent?
Thank you
Dave
Do you think the Strait of Hormuz conflict will push fertilizer prices higher globally and thus aid NTR? If so to what extent?
Thank you
Dave
5i Research Answer:
We believe that the conflict surrounding the Strait of Hormuz will likely push fertilizer prices higher as the Strait is not just an oil chokepoint, but it is used for fertilizer imports and exports. We feel this will likely help sentiment on NTR, and we are likely already seeing this play out in the stock. The extent is uncertain, but its valuation is not overly rich, and we think it can continue to run here.