You would think fertiliser prices and companies including NRZ would be going nickel, as the outlook for world wide food production continues to walk off a cliff. Did anyone catch this article from ZH? Reporting closure of up to 70% of European ammonia production due to surging gas prices and shortages.
https://www.zerohedge.com/commodities/wave-european-ammonia-plant-closures-exacerbate-food-crisis
How good is our NRZ play with our own source of gas!
Of course there are nut jobs all over the world trying to ban the use of fertiliser including the Dutch and Canadians. I am keen to read any thoughts on this issue with respect to policies in Australia. The mind boggles, but we have this against us to some degree. Realities about growing food will soon bite, just like the realities of creating energy.
There are always risks and NRZ still has a few of them to overcome, but for me the value of what has been built and what we will own keeps me from panicking.
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