Agrium reports strong fourth quarter results

Agrium Inc. (TSX:AGU) (NYSE:AGU) announced today 2015 fourth quarter net earnings from continuing operations of $200-million ($1.45 diluted earnings per share), compared to $70-million ($0.46 diluted earnings per share) in the fourth quarter of 2014. The increased net earnings were driven by strong performance from our Wholesale business unit, which achieved reduced cost of production and higher overall sales volumes for all three nutrients. Retail’s fourth quarter earnings were also higher than last year, despite the wet weather in the U.S. during the fall application season. On an annual basis, 2015 net earnings from continuing operations were $988-millon ($6.98 diluted earnings per share) compared to $798-millon ($5.51 diluted earnings per share) in 2014.

Read more: http://tinyurl.com/hxy4shz

T Boone Pickens On Obama Oil Tax: ‘’Dumbest Idea Ever’’

The Obama administration’s proposed $10.25 per barrel oil tax adds up to approximately $32 billion a year, and critics are coming out of the woodwork in defense of both the oil industry and end users who would foot the bill for transportation system reforms—but it may be a moot point since the effort will simply be killed off by Congress.

Read more: http://tinyurl.com/jrc4lx2