Viewing Company Methanex Corp | StockChase
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Methanex Corp Stock Symbol: MX-T

Notes:Methanol producer

Last Price Recorded: $63.9100 on 2017-09-22

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Date Signal Expert Opinion Price
2017-09-19 PAST TOP PICK Nick Majendie

(A Top Pick Sept 21/16. Up 67%.) Had a tremendous return, and he would continue to own it. The outlook for methanol is excellent, particularly for this company which is on a large expansion program for the next number of years. Their CapX is behind them and they can increase capacity by bringing back one of their Chilean plants on stream, at a very reasonable cost. Generating a tremendous free cash flow and are buying back a lot of stock.


Price:
$64.330
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-09-19 TOP PICK Nick Majendie

The world’s largest producer of methanol, but it tends to track energy prices broadly. Feels there is excellent demand growth over the next number of years, which this company will participate in. They’ve done all of their greenfield expansion over the last number of years, so will be generating a lot of free cash flow in an environment where he expects methanol prices to be between $350 and $400 over the next 5 years. Dividend yield of 2.3%. (Analysts’ price target is $57.)


Price:
$64.330
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2017-04-19 COMMENT David Burrows

A business that generates cash. An activist is getting involved, and hopefully some good things can come for shareholders. It has had a pretty good run from $33 to about $70, pulling back from there. He really likes material companies in some areas. Prefers materials in the area of building and construction right now as he thinks there is going to be a lot of infrastructure build. This one is behaving well.


Price:
$62.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-03-30 SELL ON STRENGTH Veronika Hirsch

She does not like buying back shares.  It is not a good use of capital.  In the short run the stock will percolate on that.  But it has had a huge run from the bottom.  It is not cheap here.  The commodity is not looking like it has topped.  Use this opportunity to sell.


Price:
$64.340
Subject:
CANADIAN & ALTERNATIVE INVESTING
Bias:
OPTIMISTIC
Owned:
Unknown
2017-03-27 TOP PICK Peter Hodson

A 19.5% shareholder is calling for dividend increases and share buybacks.  They spent about $3.5 billion on facilities over the last 3 years.  They control the world market in terms of pricing.  It is very solid.  10 times earnings.  (Analysts’ target: $57.00).


Price:
$59.920
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
OPTIMISTIC
Owned:
No
2017-03-13 COMMENT Matt Kacur

This usually runs counter cyclical to oil and gas, but they are actually at a cyclical low. ROC is just barely positive, and the valuation looks a little rich.


Price:
$63.090
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-07 COMMENT John Stephenson

An excellent company, but unfortunately like any commodity company, it is going to move around a lot with the commodity. Doesn’t see much upside, so wouldn’t add any money to this, and perhaps even take some off.


Price:
$65.670
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH
Owned:
Unknown
2017-02-16 DON'T BUY David Baskin

(Market Call Minute) A one commodity company and they are a price taker, not a price maker.


Price:
$64.300
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-01-25 COMMENT Bruce Campbell (2)

In his ranking system, this ranks fairly well, both from a fundamental and technical aspect. If the economy is starting to pick up and expand, chemical production and chemical usage is going to increase, and that is where this company is. The cost of their input is still fairly reasonably priced. Over the next 12 to 24 months, with what is happening in the US, we could see chemical consumption go up and this company will take advantage of that.


Price:
$61.360
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2017-01-04 PARTIAL SELL David Baskin

This has always kind of traded in sympathy with oil, but the supply and demand dynamics of methane are quite separate from oil. The stock got killed because there is too much capacity. No new capacity has come online, and prices have been very strong in the last little while. He got out of this because he felt he couldn’t predict methanol prices. However, methanol is the base chemical for a lot of industrial chemicals and is needed for those processes. If he owned it, he would be taking some profits on it.


Price:
$61.070
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-10-21 BUY on WEAKNESS Greg Newman

This follows crude prices to a large extent. Shares are still trading at only 65% of replacement value. For his model to work, methane prices only have to go up marginally this year and next. Their dividend is very well covered by cash flow. As long as you don’t mind the volatility, this is a good long term name.


Price:
$51.590
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-13 HOLD Michael Simpson, CFA

Methanol is highly correlated to the price of oil.  There are always concerns about Chinese producers producing more from coal.  If you are an owner then just enjoy the ride while it is going up.


Price:
$48.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
2016-09-21 TOP PICK Nick Majendie

Thinks that this and methanol prices have bottomed out. The largest methanol producer globally. Good volume growth. Methanol prices have just increased a bit in North America. He is expecting good dividend growth and continued buybacks. The upside is decently significant.


Price:
$39.690
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-15 COMMENT Michael Sprung

Feels the methanol market has been in a bit of a disarray over the last year or 2, and that has been reflected in the stock’s price. A very, very cyclical business. If you feel the world is going into a slower growth, slower economy stage, he would hold off buying this.


Price:
$38.070
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-07-05 COMMENT Lyle Stein

The stock price doesn’t look much different than that of most oil companies. This is the leader in methanol. It needs a better sense of clarity with respect to global growth, as well as continued firmness in energy prices.


Price:
$36.610
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
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