Methanex Corp

MX-T

TSE:MX

49.63
2.04 (3.95%)
Methanex Corporation is a Canadian company that supplies, distributes and markets methanol worldwide.
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Analysis and Opinions about MX-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
January 21, 2020
It has a big mountain of existing shares held (the chart peaked then fell a lot), so it faces a huge challenge to rise. Stay away.
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Methanex Corp (MX-T)
January 21, 2020
It has a big mountain of existing shares held (the chart peaked then fell a lot), so it faces a huge challenge to rise. Stay away.
SELL STRENGTH
SELL STRENGTH
January 21, 2020
It came down from a $60 head and shoulders, breaking it. Now, it's consolidating. $60 was support and is now resistance. So, sell at $60.
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Methanex Corp (MX-T)
January 21, 2020
It came down from a $60 head and shoulders, breaking it. Now, it's consolidating. $60 was support and is now resistance. So, sell at $60.
TOP PICK
TOP PICK
January 9, 2020
Largest producer of methanol in the world, with 14% share of global market. Lots of free cash flow. Dividend has grown 9% annually over last 10 years, plus retired 17% of shares. Discounted valuation, so a good entry point. Yield is 3.8%. (Analysts’ price target is $53.88)
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Methanex Corp (MX-T)
January 9, 2020
Largest producer of methanol in the world, with 14% share of global market. Lots of free cash flow. Dividend has grown 9% annually over last 10 years, plus retired 17% of shares. Discounted valuation, so a good entry point. Yield is 3.8%. (Analysts’ price target is $53.88)
BUY
BUY
January 7, 2020
Seasonality is late-January to early-May. This has broken its downtrend line, so the outlook looks good.
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Methanex Corp (MX-T)
January 7, 2020
Seasonality is late-January to early-May. This has broken its downtrend line, so the outlook looks good.
DON'T BUY
DON'T BUY
January 6, 2020

They produce a product that is loosely a substitute for gasoline. The issue is that they produce in foreign jurisdictions. He does not like to worry about the different demand characteristics compared to gasoline. He would not bother with it at these levels although it could be a trading vehicle. He prefers CNQ-T.

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Methanex Corp (MX-T)
January 6, 2020

They produce a product that is loosely a substitute for gasoline. The issue is that they produce in foreign jurisdictions. He does not like to worry about the different demand characteristics compared to gasoline. He would not bother with it at these levels although it could be a trading vehicle. He prefers CNQ-T.

DON'T BUY
DON'T BUY
December 5, 2019
The issue is that it is a cyclical. Fundamentals have been going down. Model price is $40.74, or a 13% downside.
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Methanex Corp (MX-T)
December 5, 2019
The issue is that it is a cyclical. Fundamentals have been going down. Model price is $40.74, or a 13% downside.
BUY
BUY
November 19, 2019
It's had a strong sell-off, so now you can buy it.
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Methanex Corp (MX-T)
November 19, 2019
It's had a strong sell-off, so now you can buy it.
BUY
BUY
October 30, 2019
It may be bottoming out now, so entering this is good. He has owned this before. Good fundamentals.
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Methanex Corp (MX-T)
October 30, 2019
It may be bottoming out now, so entering this is good. He has owned this before. Good fundamentals.
PARTIAL SELL
PARTIAL SELL
October 1, 2019
He sold it. It's been in a downtrend since mid-2018. Unless that changes, take profits.
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Methanex Corp (MX-T)
October 1, 2019
He sold it. It's been in a downtrend since mid-2018. Unless that changes, take profits.
BUY WEAKNESS
BUY WEAKNESS
September 19, 2019
It's okay to hold a small 1-2% position of this. He doesn't understand why this stock is down. They've bought back a ton of stock. Investors didn't like it when they announced a new plant--why? In a few years, they will have a new plant that will increase production and revenues. It's had a big dip due to an earnings dip, but once the tide turns, this will do very well. He likes their global market share with facilities around the world.
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Methanex Corp (MX-T)
September 19, 2019
It's okay to hold a small 1-2% position of this. He doesn't understand why this stock is down. They've bought back a ton of stock. Investors didn't like it when they announced a new plant--why? In a few years, they will have a new plant that will increase production and revenues. It's had a big dip due to an earnings dip, but once the tide turns, this will do very well. He likes their global market share with facilities around the world.
DON'T BUY
DON'T BUY
September 17, 2019
It closely tracks oil prices, which means their chart recently has been brutal. Oil is a tough space now.
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Methanex Corp (MX-T)
September 17, 2019
It closely tracks oil prices, which means their chart recently has been brutal. Oil is a tough space now.
WAIT
WAIT
September 12, 2019
Don't buy it here. Methanol prices have been declining, on decreasing demand and trade issues. Cyclical. Not a secular growth story. It's a cyclical growth story, so you have to buy it at the right time.
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Methanex Corp (MX-T)
September 12, 2019
Don't buy it here. Methanol prices have been declining, on decreasing demand and trade issues. Cyclical. Not a secular growth story. It's a cyclical growth story, so you have to buy it at the right time.
HOLD
HOLD
August 8, 2019
Methanol is a key ingredient in a lot of products. It is also an additive to Chinese fuel so there are trade war concerns. It could get cheaper from here. The management team knows what they are doing. It is going to be a waiting game right now.
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Methanex Corp (MX-T)
August 8, 2019
Methanol is a key ingredient in a lot of products. It is also an additive to Chinese fuel so there are trade war concerns. It could get cheaper from here. The management team knows what they are doing. It is going to be a waiting game right now.
WEAK BUY
WEAK BUY
July 18, 2019
Likes it, but it has problems in Egypt. Good balance sheet, boosted dividend by 9%. Good long-term play, but whippy. Dividend safe as long as the economy's going well. Some upside, but not for the faint of heart.
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Methanex Corp (MX-T)
July 18, 2019
Likes it, but it has problems in Egypt. Good balance sheet, boosted dividend by 9%. Good long-term play, but whippy. Dividend safe as long as the economy's going well. Some upside, but not for the faint of heart.
DON'T BUY
DON'T BUY
July 10, 2019
It is economically sensitive and the global economy is slowing.
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Methanex Corp (MX-T)
July 10, 2019
It is economically sensitive and the global economy is slowing.
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