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Daily Stock Opinions and Ratings
Stockchase Opinions

David BaskinNova Chemicals Corp.NCX.TOSELLOct 23, 2006

Doesn't like them very much. Being buoyed by cheap natural gas for the moment, but with the slow growth in the US for chemicals, not a good place to be.
David BaskinDavid Baskin
No
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$33.07

Stock price when the opinion was issued

chemicals
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SELL

Nova Chemicals Corp.(NCX.TO)

Feb 25, 2009
Represented unbelievable value but had near-term risk of default. If you own, you have a risk that the buyer walks. He would take the money is there are a lot of other opportunities.
Photo of Lyle SteinLyle Stein
No
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$6.96

Stock price when the opinion was issued

chemicals
COMMENT

Nova Chemicals Corp.(NCX.TO)

Feb 13, 2009
One of the giants of ethylene production. Very cyclical. Big debt and low pricing problems. Thinks it should be looked at as it may be a fabulous buy for the next cycle.
Photo of Michael SmedleyMichael Smedley
No
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$1.67

Stock price when the opinion was issued

chemicals
HOLD

Nova Chemicals Corp.(NCX.TO)

Feb 03, 2009
Market is very fearful right now that the company is going to go bankrupt. As a big debt load and chemical prices, specifically ethylene, have collapsed. There are strong rumours that the Alberta government might step in. Wouldn't panic and Sell. The prudent thing to do would be to take half off the table.
Photo of Derek Webb, CFADerek Webb, CFA
No
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$1.38

Stock price when the opinion was issued

chemicals
DON'T BUY

Nova Chemicals Corp.(NCX.TO)

Jan 06, 2009
A frustrating name. Essentially 2 businesses with polyethylene being good but styrenics has never really paid off. We prefer others.
Photo of Andrew Guy, CFAAndrew Guy, CFAUnlock Rating
$7.22

Stock price when the opinion was issued

chemicals
COMMENT

Nova Chemicals Corp.(NCX.TO)

Oct 30, 2008
Gets tarred with an industrial chemical company. When investors are looking for liquidity they sell anything. Should respond on the upside as the market gets going. Costs are coming down because of lower oil prices.
Photo of Robert FloydRobert FloydUnlock Rating
$15.39

Stock price when the opinion was issued

chemicals
WAIT

Nova Chemicals Corp.(NCX.TO)

Oct 03, 2008
This is dependant on the commodity cycle. It has more to go on the downside.
Photo of Bill MacLachlanBill MacLachlan
No
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$20.57

Stock price when the opinion was issued

chemicals
COMMENT

Nova Chemicals Corp.(NCX.TO)

Sep 09, 2008
Chemical stocks have suffered dramatically along with all things related to commodities. Selling pressure in this one may be over. From a risk/reward perspective you have to pay a lot of attention. When chemical prices turn, they turn with a vengeance.
Photo of Lyle SteinLyle Stein
No
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$26.79

Stock price when the opinion was issued

chemicals
DON'T BUY

Nova Chemicals Corp.(NCX.TO)

Jun 19, 2008
200 day moving average is currently falling. Broke below it in October of 2007. Not yet ready.
Photo of Ron MeiselsRon MeiselsUnlock Rating
$26.16

Stock price when the opinion was issued

chemicals
BUY

Nova Chemicals Corp.(NCX.TO)

Jun 13, 2008
Compared to their competition they have some sweetheart deals in Alberta for their raw material, mostly natural gas. Looks like it has bottomed for now and the yield is OK.
Photo of Norman LevineNorman Levine
No
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$28.36

Stock price when the opinion was issued

chemicals
BUY

Nova Chemicals Corp.(NCX.TO)

May 15, 2008
(Market Call Minute.) Likes the story very much.
Photo of John O'Connell, CFAJohn O'Connell, CFA
Owned
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$28.70

Stock price when the opinion was issued

chemicals
COMMENT

Nova Chemicals Corp.(NCX.TO)

Apr 21, 2008
Has been a real disappointment. There has been fabulous performance from virtually every basic material stock in the TSX while this one has lost people money over the last several years. There is a lot more by you than what the share price shows. Could possibly be a takeover at some point.
Photo of Ravi SoodRavi SoodUnlock Rating
$25.37

Stock price when the opinion was issued

chemicals
COMMENT

Nova Chemicals Corp.(NCX.TO)

Mar 03, 2008
Has come under a lot of pressure recently. A very difficult business to time properly because of petroleum prices moving around. At this price, it's a name that he would have a look at. He has been thinking about buying it himself. Very volatile. If you own and it got up to the $35/$36 area he would be a seller.
Photo of John O'Connell, CFAJohn O'Connell, CFA
No
Unlock Rating
$29.81

Stock price when the opinion was issued

chemicals
COMMENT

Nova Chemicals Corp.(NCX.TO)

Jan 25, 2008
They use natural gas to make ethylene for producing plastics. They have sold off because all of their products are economically sensitive. Trading at 8X earnings, which is low. If you believe there is going to be a recession, you do not want to own a deep cyclical company such as this.
Photo of Gordon Higgins, CA, MBAGordon Higgins, CA, MBAUnlock Rating
$26.52

Stock price when the opinion was issued

chemicals
DON'T BUY

Nova Chemicals Corp.(NCX.TO)

Nov 06, 2007
Being impacted a lot by the strong Cdn$. Feedstock and energy prices going forward will be a big worry for them. There is a fairly tight styrene market, but have not been able to pass the increased prices on. An extremely hard company to read.
Photo of Michael SprungMichael Sprung
No
Unlock Rating
$32.33

Stock price when the opinion was issued

chemicals
HOLD

Nova Chemicals Corp.(NCX.TO)

Aug 31, 2007
You have to think about the feed stock prices on this. Has some good cost advantages based on their location in Alberta. Earned $2.05 in 06 and is estimated to earn $2.10-$2.15 over the next couple of years.
Photo of Michael SprungMichael Sprung
No
Unlock Rating
$38.49

Stock price when the opinion was issued

chemicals

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