Intrepid Potash Inc (IPI)

IPI, new 52 week high

Terrible quarter. Net loss of $207.0 million. But most companies had been showing lower net income. The whole market is likely to drop 60%. IPI may drop 70%.

BREAKING NEWS: $IPI Intrepid Announces Third Quarter 2020 Results

DENVER, CO, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash, Inc. (Intrepid) (NYSE:IPI) today reported its results for the third quarter of 2020. Key Takeaways for Q3 2020 Net loss of $10.2 million, or $0.78 per share Adjusted EBITDA (1) of $1.5 million Water s...

In case you are interested IPI - Intrepid Announces Third Quarter 2020 Results

News: $IPI Intrepid Announces Date for Second Quarter 2020 Earnings Release

DENVER, CO, July 17, 2020 (GLOBE NEWSWIRE) -- Intrepid Potash Inc. (NYSE: IPI) plans to release its second quarter 2020 financial results on Monday, August 3, 2020, after the market closes. Intrepid will host a conference call on Tuesday, August 4, 2020 at 12:00 p.m. Eastern Time to di...

Find out more IPI - Intrepid Announces Date for Second Quarter 2020 Earnings Release

I see a 3+ by ER release. Peace out.

Looking good here tdeck. Climbing it's way back up.

IPI looks like an interesting play tdeck. I've got it in my watch list. Check out FELPU (FELP). It is crazy oversold and looks ready for a major run. It only has a 22 million float. Lots of eyes on it now. I expect we'll get the float locked up next week. Happy trading.
https://www.otcmarkets.com/stock/FELPU/security

Nice day, nice little rest from 2 days of healthy gains nice to have a Friday to do it. Look forward to seeing more insider buying seems steady and consistent with everyone dipping their toes in the pool from the CEO/Directors on down and not for peanuts either which is nice.

Peace out.

Nice director buy this week 3 lots for 100K shares very nice insider trading last year near 2 million shares bought.

Think this has a Friday rest before continuing ride back above 3.

Peace out.

CEO bought shares!

https://finance.yahoo.com/news/intrepid-potash-inc-ipi-exec-001503326.html

* * $IPI Video Chart 10-30-18 * *

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* * $IPI Video Chart 04-25-18 * *

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3 Things Intrepid Potash Management Wants You to Know

https://finance.yahoo.com/news/3-things-intrepid-potash-management-153300424.html

There's a long way to go yet, but 2017 marked a major turning point for fertilizer producer Intrepid Potash (NYSE: IPI). It's been mostly helpless against the prolonged market downturn that has embroiled the global potash industry in recent years. That was brought on by poor supply discipline from the world's leading producers and made worse by the extreme concentration of power in the industry. Nearly all of the planet's potash comes from just 19 deposits, with just three companies supplying 60% of production.

Management did its best to control the factors it could. It nearly doubled the number of shares outstanding in an offering that raised funds used to greatly reduce debt on the balance sheet. Despite the dilution, it could be considered a successful move. The company also transitioned to a new low-cost production method for all of its potash output and increased its focus on langbeinite, a niche fertilizer that Intrepid Potash sells under its Trio brand.

While the business still lost money in 2017, there were signs in the recent fourth-quarter and full-year 2017 earnings report that the company is on the right path. It even recently earned a small analyst upgrade. What should investors think about the stock given all of the recent moving parts? Here are three things Intrepid Potash management wants you to know.

1. Solar evaporation ponds are a success
Intrepid Potash is nearly out of the red thanks to steadily improving operating and net margins. For example, a fourth-quarter 2016 operating loss of $16 million shrank to less than $3 million in the final quarter of 2017. While expenses increased in the fourth quarter of last year compared to the prior period, the increase was temporary.

Most of the improvement was derived from the potash segment, which is now fully utilizing solar evaporation ponds. They are exactly what they sound like: Mineral-containing brine is pumped into large, above-ground ponds, energy from the sun slowly evaporates the water (for free), and the resulting slurry is concentrated and purified into several product streams, namely potash and a handful of byproducts.

The results have been amazing. The potash segment's gross profit improved from a loss of $28.6 million in 2016 to income of $15.6 million in 2017. Things should continue to improve, especially with a significant inventory build in the final quarter of last year, partly due to the seasonality of production (higher in the first and last quarterly periods of each year), and partly due to market fundamentals.

President and CEO Robert Jornayvaz commented on the fourth-quarter 2017 earnings conference call:

Our potash segment realized another quarter of strong margins due to a lower-cost production profile, an increased focus on the byproducts and more selective selling in the markets with higher net realized sales prices. We have solid volumes committed for the first quarter. Our decision to build inventory during the fourth quarter is clearly paying off, as we see good market fundamentals entering the spring season with solid demand and higher price levels as the $20 price increase is now in effect.

That $20 increase may not seem like much, but it's about an 8% increase from 2017 prices. Good news: Potash isn't the only business eyeing improvements this year.

2. Exports providing upside for Trio in 2018
In 2017, Intrepid Potash generated 65% of its revenue from potash and the balance from Trio, which was down from 76% of sales derived from potash in 2016. Unfortunately, the increased focus on Trio last year didn't work out quite like the company had hoped, as selling prices declined 32% year over year for the product. Meanwhile, potash prices rose 22% in that span.

Management is hardly deterred, though. It sees significant upside for selling prices -- especially considering selling prices for the individual components of Trio add up to vastly more than the product itself -- and it has realized an 8% increase in early 2018. That's occurring just as the company's production capability has been optimized.

But there's another major opportunity for the Trio brand: exports. Intrepid Potash ramped up activity in international markets throughout 2017, and it expects to reap the benefits this year. In response to a question about production and inventory management in 2018, Jornayvaz responded:

We've just done a great job of growing our volumes. And when we have certain international customers that are placing their third and fourth orders and those orders are going up significantly -- we have one customer in the South American region that has literally gone from zero to tens of thousands of tons. And so we are now beginning to focus on what are the proper run rates for the plant, because as you know, as we run that plant, it has significant excess capacity. So 2018 is an exciting year for us as we look at our ability to manage our transportation costs on a much higher volume basis and having customers that are now providing warehouse space and placing larger orders that allow us to negotiate freight contracts at larger levels, larger volumes and with more advanced notice.

Management added that larger order volumes lower the per-unit transportation costs of international shipments. Meanwhile, for smaller orders, Intrepid Potash has partnered with other fertilizer companies shipping product abroad to lower freight costs. If selling prices lift off their 2017 bottom, then the company could see positive gross margin for the segment once again.

3. Diversification efforts are ramping up
While Intrepid Potash will continue to generate the bulk of its business from fertilizer production and sales, management has been actively developing alternative business opportunities. The biggest comes from the company's significant water assets strategically located within shouting distance of the Permian Basin, the most important oil and gas-producing region on the planet at the moment. Producers in the shale formation utilize fracking, which requires copious amounts of water, which creates an unusual opportunity to sell water to energy producers.

Water sales may not sound very important, but the fertilizer producer recorded $7 million in water transaction revenue in 2017. Intrepid Potash expects to increase that significantly in 2018 thanks to a combination of long-term contracts and spot market selling. Considering water sales are accompanied by up to 90% gross margin, they represent an important source of income and cash flow for shareholders. Jornayvaz expects water to be an important part of the business in 2018 and beyond:

Water sales of $3.5 million in the fourth quarter were in line with our expectations of $3 million to $4 million and increased our full year sales to $7 million. Fourth quarter sales were a significant increase over the $2.1 million sales during the third quarter of 2017. Increasing demand, combined with several commitments in place for 2018, give us great confidence in our expectation of $20 million to $30 million in sales during 2018. We continue to work on, negotiate, and execute on opportunities that should increase this run rate in future years.

Water sales may be the most significant source of diversification, and could represent over 10% of total sales in 2018, but they aren't the sole source. Intrepid Potash is also expecting between $0.5 million and $1 million in brine sales (for use as a fracking fluid additive) this year, in addition to expanding new business in oilfield services.

It sure hasn't been a fun few years for Intrepid Potash, but the company's management has done a great job executing a strategy designed to return the business to profitable operations. Those efforts have delivered a healthier fertilizer business through more efficient potash production and a diversified customer base for Trio sales. If those core segments can thrive in the current down cycle for fertilizers, and revenue diversification efforts take off, then the company could be able to excel in almost any market environment. I would feel more comfortable with a few more quarters of progress and sustainable profits, but I have to admit that the company is oh-so-close to putting its struggles behind it.

Agriculture is a challenging sector to be in with the commodity prices at the levels they are at now.

Setting up to break $5 for the first time since 2015!

* * $IPI Video Chart 10-24-17 * *

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IPI running

Yesterday proved the strength of this stock. It was a day for the flippers to make their quick buck after they spotted Wednesday's rally, and now they're out without having made a dent. Today is showing roughly as many sales as buys, and it is still climbing. 4's could be reached in power hour today. I agree, they will fall quick. Glta

3.9 going to be tested again here. A 3.95 break will surely send it. I have a feeling 4s will go fast once IPI gets there...hmmm

Pressure is building and 3.68 area showing strong support. This is about to fly again IMO. $IPI could easily hit new highs today.

Looking for $4+...that's when the party starts.

We'll get to see how strong this is here. Little bit more serious consolidation this time testing the 3.68 area again but bulls are in full control so anything is possible

Next leg coming. Could hit 4$ now

Looking at when IPI fell a few years ago, it cleared the $4 range VERY fast. I'm wondering what'll happen if this decides to break through the lower 4$ range and hit the 4.3+ area.

I'd consider a reload maybe man! Epic 1 year uptrend and such healthy consolidation.

Close enough to $4 for me. Thanks IPI!

3.68 has acted as strong resistance, but with that punch through this morning, it appears to be acting as support now. If 3.68 holds, you can be sure that this will rally again, likely to a new high

3.68 has acted as strong resistance

Very nice day here. Looks a potential gap and run tomorrow. 4$ seems fairly plausible now

Predicted this day 2 weeks ago. Sorry to those who panicked earlier today. Congrats to Steezey who has been motivated about this stock and almost posted exclusively. Excellent day, excellent 1st half for the year and more great quarters to come

3.5 could fall here EOD. Nice close could have IPI running tomorrow.

Could get fun here in power hour...

Flushing out weak hands. 3$ acting as new support. This will head north again soon

IPI nice day!

Awesome gap up. Healthy dip to 3.3, would like see this continue to make new highs today. This could really get moving if it hits a new HOD again

Looking for that 3.05 break

Looking really good here! Keep on trucking IPI

3.05 just fell. Resistance at 3.5 and then 4. Can see 4$ near future pretty easy. Interested to see what happens when this is above 4$ though. That's where it gets interesting imo

aGREED - maybe $4 soon?

Happened as I posted haha. IPI looking very strong. 1year chart looks awesome and the pressure is building

This flies after 2.95 IMO

Great close here. Expecting another push tomorrow. Could test 3$. Hop in now peeps. More 52 Week highs to come!

Expecting good news on August 2nd. Selling water rights to local mines in NM, a thick layer of salts (ie good harvest) at the Wendover plant and an overall good business presentation last quarter suggests more good news is just around the corner. A little under 2 weeks left to get in. I agree, $3 and up is a very reasonable speculation.

Gonna be at 3$ before you know it people! Hop in now!

Old resistance is now the new support.

Volume drying up, no one knows which way this is going to go. It could use a bit of consolidation but wouldn't expect it to drop too far. If it doesn't consolidate, i just see this taking off anytime now

If this breaks 2.8 then this chart will be poised for a breakout again. A close at $2.92 and above would make the chart see an upper BB breakout and I would expect a good run tomorrow.

Wow looking nice here. Could close HOD and rocket toe $3+ tomo

Insiders bought 10 million shares, why would you people be selling for a loss... News should be coming out soon..!

You like?? ??

* * $IPI Video Chart 06-13-17 * *

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New high coming people!

$3.04 is IPI's 52 week high. Buy high sell higher. Looking really good here at $2.7 on this breakout. Expecting a fairly healthy climb upwards here so consolidation should happen throughout the following weeks, but generally I can see this consolidating at higher lows to eventually establish a new trading range above $3 (ideally).
Institutions are in, so are insiders. People want this higher and Yearly chart looks great.