Methanex Corp | StockChase
314
Methanex Corp (MX-T)

Last Price Recorded: $64.3000 on 2017-11-17

ON STOCKCHASE SINCE Oct 2000

Methanol producer

chemicals

Methanex Corp


Signal Opinion Expert

2017-11-10

PARTIAL SELL
Methanex Corp (MX-T)

Take some profits or is there more room to run? The commodity is methanol and this is the leading producer. It is somewhat cyclical. The stock has done well. In a market pullback, concerns about economic growth, etc. the stock will likely pull back. She wouldn’t see any problems in taking some money off the table now.

chemicals
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $65.450
Owned: No

2017-10-16

DON'T BUY
Methanex Corp (MX-T)

It is a volatile stock.  It could be said to have a head and shoulders pattern.  It is a harder chart to read.  There is no clearly defined trend.  At this moment, the technical resistance it is at the last peak and it may get back down to the last support level.  He would not play it because it is hard to decide where to buy and sell it.

chemicals
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $62.570
Owned: Unknown

2017-10-02

HOLD
Methanex Corp (MX-T)

He does not know the seasonality on this one but chemicals do well from October to January and February until May.  Technically, there is mild encouragement.  It is forming support and is in a trading range.  It has been going sideways.  If it moved above the trading range, you could get a nice move up.

chemicals
Don Vialoux

Research Analyst, TimingTheMarket.CA & EquityClock.COM

Price: $63.560
Owned: Unknown

2017-09-19

PAST TOP PICK
Methanex Corp (MX-T)

(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.

chemicals
Nick Majendie

Director & Senior Portfolio Manager, Scotia Wealth Management

Price: $64.330
Owned: Yes

2017-09-19

TOP PICK
Methanex Corp (MX-T)

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.)

chemicals
Nick Majendie

Director & Senior Portfolio Manager, Scotia Wealth Management

Price: $64.330
Owned: Yes

2017-04-19

COMMENT
Methanex Corp (MX-T)

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.

chemicals
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $62.010
Owned: Unknown

2017-03-30

SELL ON STRENGTH
Methanex Corp (MX-T)

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.

chemicals
Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $64.340
Owned: Unknown

2017-03-27

TOP PICK
Methanex Corp (MX-T)

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).

chemicals
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $59.920
Owned: No

2017-03-13

COMMENT
Methanex Corp (MX-T)

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.

chemicals
Matt Kacur

President, FSA Financial Science and Art

Price: $63.090
Owned: Unknown

2017-03-07

COMMENT
Methanex Corp (MX-T)

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.

chemicals
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $65.670
Owned: Unknown

2017-02-16

DON'T BUY
Methanex Corp (MX-T)

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

chemicals
David Baskin

President, Baskin Wealth Management

Price: $64.300
Owned: Unknown

2017-01-25

COMMENT
Methanex Corp (MX-T)

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.

chemicals
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $61.360
Owned: No

2017-01-04

PARTIAL SELL
Methanex Corp (MX-T)

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.

chemicals
David Baskin

President, Baskin Wealth Management

Price: $61.070
Owned: No

2016-10-21

BUY on WEAKNESS
Methanex Corp (MX-T)

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.

chemicals
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $51.590
Owned: Unknown

2016-10-13

HOLD
Methanex Corp (MX-T)

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.

chemicals
Michael Simpson, CFA

Senior Vice-President, Sentry Investments

Price: $48.490
Owned: Unknown

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