Daily Archives: October 13, 2021

DEERFIELD, Ill., October 13, 2021--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced a planned transition of leadership roles for its board of directors.

Highlights:

Stephen A. Furbacher, current chair of the CF Industries board, will retire at the Annual Meeting of Stockholders in May 2022

The board has elected Stephen J. Hagge, current independent director of CF Industries, as incoming chair, effective January 1, 2022

The board has elected John W. Eaves, current independent director of CF Industries, as incoming chair of the compensation and management development committee, effective January 1, 2022

"I am honored by the trust placed in me by my fellow directors to serve as chair of CF Industries board of directors," said Stephen J. Hagge. "On behalf of the board, I want to thank Steve Furbacher for his nearly 15 years of service to CF Industries. His leadership has been an integral part of making CF Industries and its board of directors what they are today. We look forward to building on the progress we have made under his guidance as we work together to create long-term value for stakeholders."

"Serving on CF Industries board of directors has been a tremendous privilege for the past 15 years," said Stephen A. Furbacher, current chair. "I am most proud of the work we have done to broaden the boards skills, experiences and diversity in recent years. This purposeful effort has strengthened the boards ability to be an effective advocate for stakeholders and a valued resource for management in the years ahead."

Board of Directors Leadership Transition

Stephen A. Furbacher has informed the board that he will retire and not stand for re-election to the board at CF Industries Annual Meeting of Stockholders in May 2022, under the general policy of the Company that no director having attained the age of 74 years shall be nominated for re-election or reappointment to the board. Mr. Furbacher will continue to serve on the board until his current term of office expires at the Annual Meeting. He has been an independent director since 2007 and served as chairman since 2014.

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Accordingly, the board of directors of CF Industries has elected Stephen J. Hagge, former president and chief executive officer of Aptar Group, Inc. and current independent director of the Company, as the incoming chair, effective January 1, 2022.

In this role, Mr. Hagge will coordinate the activities of the independent directors, coordinate the agenda for and moderate sessions of the independent directors, and facilitate communications between the other members of the board. He has been an independent director since 2010, most recently serving as chair of the compensation and management development committee and as a member of the audit committee.

CF Industries board of directors has elected John W. Eaves, executive chairman of Arch Resources, Inc. and current independent director of the Company, as the incoming chair of the compensation and management development committee, replacing Mr. Hagge in that role effective January 1, 2022. Mr. Eaves has been an independent director of the Company since 2017.

Board of Directors Overview

Following the retirement of Mr. Furbacher in May 2022, CF Industries board of directors is expected to have 11 members, consisting of ten independent directors and Tony Will, president and chief executive officer, CF Industries Holdings, Inc., who together represent a broad range of experience and skills. At that time, over half of the members of the board of directors will have joined since 2017 and the composition of the board will be 55% diverse (gender or racial/ethnic background).

The board of directors, through its corporate governance and nominating committee, regularly reviews the overall composition of the board and its committees to assess whether each reflects the appropriate mix of experience, qualifications, attributes, and skills that are relevant to CF Industries' current and future global strategy, business, and governance.

For biographical information about CF Industries board of directors, please visit the investor section of http://www.cfindustries.com.

About CF Industries Holdings, Inc.At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network the worlds largest to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the worlds transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Companys website at http://www.cfindustries.com and encourages those interested in the Company to check there frequently.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211013006092/en/

Contacts

Media Chris CloseDirector, Corporate Communications847-405-2542 cclose@cfindustries.com

Investors Martin JarosickVice President, Investor Relations847-405-2045 mjarosick@cfindustries.com

Originally posted here:

CF Industries Holdings, Inc. Announces Planned Board of Directors Leadership Transition - Yahoo Finance

The wins keep stacking up for the Camden Fairview Cardinals (6-1) after they took down the Magnolia Panthers, 44-25. at home last week.

It was a stellar night for the entire team as they are just a few games away from securing their first conference title since 2012. There were several stars on both sides of the ball that made a tremendous impact to the Cardinals' big win over the Panthers.

On the offensive side of the ball for Camden Fairview, they were able to create a highly efficient gameplan that left the Panthers unable to slow down CF's rhythm. The offense for the Cardinals, led by junior quarterback Martavious Thomas, accumulated a total of 601 yards against the defense of Magnolia.

The defense of the Cardinals knew they were in a tough fight against a Panthers' offense that could consistently drive the ball down the field. There were several defenders for Camden Fairview that made an impact with junior defensive end Kameron Easttam having a standout performance.

Thomas and Easttam are Camden News's Offensive and Defensive Players of the week.

This is Thomas' fourth-time being Camden News's offensive player of the week this 2021 season. Thomas continues to be one of the most electrifying playmakers in the state of Arkansas with his explosive and dynamic running ability. In the game against Magnolia, Thomas had a nearly perfect game by throwing for 345 yards, four touchdowns and a quarterback rating of 157.9 on 20 completions.

Thomas passed for four touchdowns against the defense of Magnolia, who failed to lock down their coverages on the deep receiver core of Camden Fairview. Three of Thomas's touchdowns were in the second half of the game to several different receivers. Thomas had a ten-yard touchdown pass to Jarvis Reed in the second quarter, a 15-yard touchdown pass to Michael Suell in the third quarter, a 45-yard touchdown pass to Reed in the third quarter and a five-yard touchdown pass to Brandon Copeland.

Thomas was highly efficient in spreading the ball throughout the field to cause chaos in the secondary of Magnolia.

On the defensive side of the ball for Camden Fairview, the line was highly active in creating multiple stops against the offense of Magnolia. While defensive tackle Mark Welch and defensive end Jacovey Barker continued to be efficient even while being focused on by the offensive line of Magnolia, it was Easttam that was the star of the defense.

This is Easttam's first time being named defensive player of the week.

The junior led the team in total tackles accounted for with seven while also accounting for one tackle for loss. Easttam has accumulated 32 solo tackles, ten tackles for loss, three sacks and two quarterback pressures in the 2021 season. With most of the pressure focused on Welch and Barker, that opened up more availability for Easttam to potentially make big stops for the Cardinals' defense. Easttam was constantly crashing into the backfield of Magnolia and put constant pressure on the quarterback.

Camden Fairview continues to show they have one of the most talented defensive line units in the conference and the region.

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CF's Martavius Thomas and Kameron Easttam named Players of the Week - Camden News

Nutrien NTR is benefiting from soaring fertilizer prices and a hot agriculture market. This Zacks Rank #1 (Strong Buy) is expected to grow its earnings by 178% this year.

Nutrien is the world's largest provider of crop inputs and services. It produces around 27 million tonnes of potash, nitrogen and phosphate products world-wide.

It also has a significant agribusiness, including its retail segment, Nutrien Ag Solutions.

Weather and Natural Gas Prices Disrupt the Fertilizer Market

Agricultural fertilizers, which includes the nitrogen fertilizers of ammonia and urea, as well as potash and phosphates, have seen soaring prices in 2021.

The record prices are a result of a combination of events including Hurricane Ida shutting down nitrogen plants in Louisiana, difficulty with logistics, soaring natural gas prices in Europe leading to shutdown of nitrogen production there, and China restricting phosphate and urea exports.

The result is record high prices in some fertilizers which were last seen during the golden 2008 rally.

But this time around, these "events" which have pushed up prices, are expected to continue to impact the market until the beginning of 2022, and maybe beyond.

Several fertilizer producers, including Nutrien, closed facilities in Louisiana during Hurricane Ida. That production has slowly been coming back online.

At the same time, soaring natural gas prices forced CF Industries to shut 2 of its nitrogen plants in the United Kingdom, which only came back online after intervention from the British government.

Other nitrogen producers apparently remain closed throughout Europe.

A Fertilizer Shortage?

On Sep 22, Nutrien told Reuters that it was sold out of its potash production in the third quarter in North America even though the company increased potash production earlier in the year.

And farmers, faced with record high fertilizer prices, may buy less or change crops to try and keep fertilizer costs down which could also impact sales volumes.

Analysts Raise 2021 and 2022 Earnings Estimates

In the face of the record high prices and all the industry disruptions, the analysts are still bullish on Nutrien.

One estimate was raised in the last week for 2021 and 2 are higher in the last month.

The 2021 Zacks Consensus Estimate has jumped to $5.01 from $4.93 in the prior 30 days and is up from $3.75 just 3 months ago.

That's earnings growth of 178% as the company only made $1.80 last year as the pandemic hit.

For 2022, 3 estimates have been raised in the last month, pushing the Zacks Consensus up to $5.83 from $5.43 in the last 30 days.

That's another 16% earnings growth.

Shares at All-Time Highs

Nutrien has only been a public company since 2018, when Agrium merged with Potash to form Nutrien.

But shares are up 48.2% on the strong agriculture market and rising fertilizer prices.

This is a new high for Nutrien shares.

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But for some perspective, shares are up just 28% since the 2018 merger compared to the S&P 500 which is up 60% during that time.

Nutrien is cheap, with a forward P/E of just 14.

Its fertilizer competitors are trading with even lower P/Es, however. Mosaic MOS has a forward P/E of 8.2 and CF Industries CF is trading at 13x.

Nutrien is also shareholder friendly, paying an industry leading dividend yielding 2.6%. Mosaic's dividend yields just 0.7% and CF Industries' 2%.

Nutrien will report third quarter results on Nov 1.

For investors looking for a way to play the agriculture bull market, Nutrien is one to keep on the short list.

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CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report

The Mosaic Company (MOS) : Free Stock Analysis Report

Nutrien Ltd. (NTR) : Free Stock Analysis Report

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Read the rest here:

Bull of the Day: Nutrien (NTR) - Yahoo Finance

The New England Revolution were able to walk away with another three points in Montreal.

While the Revs were putting up a goal-scoring clinic yours truly was regretting his decision to not bring a better jacket as I covered senior night girls soccer at a North Shore high school (Once again thanks to Seth Macomber for once again providing some great coverage of the match and the post-game press conference).

But with that comes a rare opportunity to look back and knowing what the scoreline looks like, take a deeper look into the game.

So lets get to our three takeaways.

1 - Gustavo Bou needs to work on his body language

While strikers always want to score goals, the body language that Gustavo Bou showed on the night is concerning.

Particularly early in the match on DeJuan Jones goal, Bou basically gave up on the play after the cross into the box wasn't going in his way. He put his hand up and completely checked out. Even after Jones scored, Bou wasnt racing over to celebrate with his teammates, he just walked back to midfield.

After Montreal was able to find the back of the net, Charlie Davies noted that too many players were walking around the pitch. While it wasnt just Bou, the striker definitely was guilty of this on multiple occasions. He also noted Bous poor body language as well.

Eventually, the strikers mood would improve as he scored a late goal that has him tied with Adam Buksa in the golden boot race, but even when Bou isnt scoring he needs to look like the exact same player and not checking out of the match.

2 - GO DJ

This was an amazing night for DeJuan Jones. Besides scoring a goal in the 10th minute, the left back had a complete 90-minute effort against Montreal.

Jones has shown his growth as a player since he is no longer a liability when he uses his left foot. He made some amazing passes and crosses and just hasn't looked afraid on the left flank.

The left back has been capable of blowing by defenders with ease and has done so well that he is even getting looks from European clubs.

Jones will be a key player as the postseason inches closer. His service into the box could be crucial if New England wants to make it to the MLS Cup Finals.

3 - Can Kap catch fire at the right time?

I will not belabor fans with the reminder that Wilfrid Kaptoum was a La Masia product and also played for Real Betis but against Montreal the midfielder was able to make an impact.

The Cameroonian didnt have a lot of time as he entered the game in the 80th minute replacing Tommy McNamara, but Kaptoum was able to secure the first MLS assist of his career six minutes later.

To Kaptoums credit, his pass to Bou was quite nice but he still has more work to do. His acquisition is still looking like a steep overpayment.

But that could change if Kaptoum is able to build momentum heading into the playoffs. Instead of just existing on the pitch, the midfielder needs to make an impact whether that be with crisp passes to get players in on goal or just making smart decisions.

If Kaptoum is able to get hot at the end of the regular season, its difficult to see any team being able to stop the Revolution.

See the original post:

Revolution Rewatch: 3 takeaways from 4-1 victory over CF Montreal - The Bent Musket