Nova Chemicals Corp.

NCX-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about NCX-T

Signal
Opinion
Expert
SELL
SELL
February 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.
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.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$6.960
Owned
No
COMMENT
COMMENT
February 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.
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.
Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$1.670
Owned
No
HOLD
HOLD
February 3, 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.
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.
Derek Webb, CFA
Chairman, CIO, Webb Asset Management
Price
$1.380
Owned
No
DON'T BUY
DON'T BUY
January 6, 2009
A frustrating name. Essentially 2 businesses with polyethylene being good but styrenics has never really paid off. We prefer others.
A frustrating name. Essentially 2 businesses with polyethylene being good but styrenics has never really paid off. We prefer others.
Andrew Guy, CFA
Portfolio Manager, Sentry Select Capital Corp.
Price
$7.220
Owned
Unknown
COMMENT
COMMENT
October 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.
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.
Robert Floyd
President, R A Floyd Management
Price
$15.390
Owned
Unknown
WAIT
WAIT
October 3, 2008
This is dependant on the commodity cycle. It has more to go on the downside.
This is dependant on the commodity cycle. It has more to go on the downside.
Bill MacLachlan
Director, Mawer Investment Mngmnt
Price
$20.570
Owned
No
COMMENT
COMMENT
September 9, 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.
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.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$26.790
Owned
No
DON'T BUY
DON'T BUY
June 19, 2008
200 day moving average is currently falling. Broke below it in October of 2007. Not yet ready.
200 day moving average is currently falling. Broke below it in October of 2007. Not yet ready.
Ron Meisels
President, P & C Holdings
Price
$26.160
Owned
Unknown
BUY
BUY
June 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.
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.
Norman Levine
Managing Director, Portfolio Management Corp
Price
$28.360
Owned
No
BUY
BUY
May 15, 2008
(Market Call Minute.) Likes the story very much.
(Market Call Minute.) Likes the story very much.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$28.700
Owned
Yes
COMMENT
COMMENT
April 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.
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.
Ravi Sood
President and Chief Operating Officer, Lawrence Asset Management
Price
$25.370
Owned
Unknown
COMMENT
COMMENT
March 3, 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.
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.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$29.810
Owned
No
COMMENT
COMMENT
January 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.
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.
Gordon Higgins, CA, MBA
Vice President, Equities, Sentry Select Capital Corp
Price
$26.520
Owned
Unknown
DON'T BUY
DON'T BUY
November 6, 2007
Being impacted a lot by the strong Cdn$. 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.
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.
Michael Sprung
President, Sprung Investment Management
Price
$32.330
Owned
No
HOLD
HOLD
August 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.
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.
Michael Sprung
President, Sprung Investment Management
Price
$38.490
Owned
No
PAST TOP PICK
PAST TOP PICK
August 20, 2007
(A Top Pick Sept 15/06. Down 4%.) Still likes. Surprised it had dropped as far as it did. Thinks it will be okay.
(A Top Pick Sept 15/06. Down 4%.) Still likes. Surprised it had dropped as far as it did. Thinks it will be okay.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$35.360
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
January 30, 2007
Seems to be stuck in a trading range and could see a downtrend to its lower support level. Would wait and you may be able to get it a little bit cheaper, hopefully $32-$33 range .
Seems to be stuck in a trading range and could see a downtrend to its lower support level. Would wait and you may be able to get it a little bit cheaper, hopefully $32-$33 range .
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$35.350
Owned
No
PAST TOP PICK
PAST TOP PICK
January 29, 2007
(A Top Pick Feb 2/06. Down 13.3%.) Reviewed it after it had fallen about 10% and concluded that assumptions about expanding margins on the ethylene side where wrong. Sold his holdings.
(A Top Pick Feb 2/06. Down 13.3%.) Reviewed it after it had fallen about 10% and concluded that assumptions about expanding margins on the ethylene side where wrong. Sold his holdings.
Michael Sprung
President, Sprung Investment Management
Price
$35.100
Owned
No
TOP PICK
TOP PICK
December 20, 2006
(A Top Pick Sept 15/06. Down 13.4%.) In a sector he would like to be in next year as he is nervous about the market. Likes industrial. Input costs are going down.
(A Top Pick Sept 15/06. Down 13.4%.) In a sector he would like to be in next year as he is nervous about the market. Likes industrial. Input costs are going down.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$31.590
Owned
No
DON'T BUY
DON'T BUY
December 12, 2006
Balance sheet got so over levered so this affected their dividend. Earnings are extremely volatile. Very thin margins. Downside risk.
Balance sheet got so over levered so this affected their dividend. Earnings are extremely volatile. Very thin margins. Downside risk.
John Zechner
Chairman, J. Zechner & Assoc
Price
$31.760
Owned
No
BUY
BUY
October 30, 2006
As an advantage with cheap gas, but had some operational problems at its plants. Good price and you could see some decent upside from this point.
As an advantage with cheap gas, but had some operational problems at its plants. Good price and you could see some decent upside from this point.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$33.240
Owned
No
DON'T BUY
DON'T BUY
October 25, 2006
Trying to fix itself. Chemicals are having a hard time getting any credibility right now.
Trying to fix itself. Chemicals are having a hard time getting any credibility right now.
Chris Smith
Managing Director, Gryphon Investment Counsel Inc.
Price
$32.990
Owned
Yes
SELL
SELL
October 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.
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 Baskin
President, Baskin Wealth Management
Price
$33.070
Owned
No
TOP PICK
TOP PICK
September 15, 2006
The A, B, C correction is over. We are now into deep support. Doesn't think it will go lower.
Nova Chemicals Corp. (NCX-T)
September 15, 2006
The A, B, C correction is over. We are now into deep support. Doesn't think it will go lower.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$36.600
Owned
No
WEAK BUY
WEAK BUY
August 18, 2006
If you needed to be in this section, this would be better than Agrium (AGU-T) or Potash (POT-T) but this is not as strong recommendation.
If you needed to be in this section, this would be better than Agrium (AGU-T) or Potash (POT-T) but this is not as strong recommendation.
Peter Gibson
Vice Chairman, Desjardins Securities
Price
$35.760
Owned
No
DON'T BUY
DON'T BUY
August 10, 2006
Their input is natural gas and you would think with the lower prices it would be better for them, but margins got squeezed on the downside. This is a cyclical company that you would start to worry about.
Their input is natural gas and you would think with the lower prices it would be better for them, but margins got squeezed on the downside. This is a cyclical company that you would start to worry about.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$34.090
Owned
No
HOLD
HOLD
July 18, 2006
He bought this on the prospects that ethylene and polyethylene prices would increase however, buyers have hesitated in building inventory. He is hoping for a bit of a recovery.
He bought this on the prospects that ethylene and polyethylene prices would increase however, buyers have hesitated in building inventory. He is hoping for a bit of a recovery.
Michael Sprung
President, Sprung Investment Management
Price
$32.430
Owned
Yes
WATCH
WATCH
June 19, 2006
His model price is $39 and has dropped as earnings estimates have come down. As a positive differential of 26%. Looks interesting, but the fundamental value is eroding with the earnings.
His model price is $39 and has dropped as earnings estimates have come down. As a positive differential of 26%. Looks interesting, but the fundamental value is eroding with the earnings.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$30.700
Owned
No
SELL
SELL
June 7, 2006
Thinks we are heading to a point in the cycle where there is downward pressure. US analysts downgraded the chemicals in the US. Feedstock costs are rising.
Thinks we are heading to a point in the cycle where there is downward pressure. US analysts downgraded the chemicals in the US. Feedstock costs are rising.
John Zechner
Chairman, J. Zechner & Assoc
Price
$31.850
Owned
No
DON'T BUY
DON'T BUY
June 6, 2006
A cyclical company. If you believe that the US is heading into slower times, now is not the time to be in a cyclical chemical company.
A cyclical company. If you believe that the US is heading into slower times, now is not the time to be in a cyclical chemical company.
David Baskin
President, Baskin Wealth Management
Price
$32.470
Owned
Yes
WEAK BUY
WEAK BUY
May 25, 2006
Affected by natural gas which is their biggest input, as well as the price of plastic in the aftermarket. Should be making lots of money right now, as natural gas prices are relatively low. This has a commodity type of risk which you have to be aware of.
Affected by natural gas which is their biggest input, as well as the price of plastic in the aftermarket. Should be making lots of money right now, as natural gas prices are relatively low. This has a commodity type of risk which you have to be aware of.
David Baskin
President, Baskin Wealth Management
Price
$33.550
Owned
No
BUY
BUY
May 2, 2006
This is commodity sensitive and has been hurt by rising costs. It is right on the long-term support level. It is probably not a bad place to be. Do not let it make a 52-week low.
This is commodity sensitive and has been hurt by rising costs. It is right on the long-term support level. It is probably not a bad place to be. Do not let it make a 52-week low.
Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$36.420
Owned
No
DON'T BUY
DON'T BUY
April 18, 2006
If natural gas heads back up towards $12/14, the question is how fast can they pass on their costs. Probably not fast enough. On the other hand, if they global boom continues, demand will increase and they have the ability to meet that demand. An unfavourable risk.
If natural gas heads back up towards $12/14, the question is how fast can they pass on their costs. Probably not fast enough. On the other hand, if they global boom continues, demand will increase and they have the ability to meet that demand. An unfavourable risk.
David Baskin
President, Baskin Wealth Management
Price
$32.330
Owned
No
DON'T BUY
DON'T BUY
April 5, 2006
A pure play on commodities. You have to be careful. Chart it has pulled back but looking at the long-term chart, is back to its previous lows.
A pure play on commodities. You have to be careful. Chart it has pulled back but looking at the long-term chart, is back to its previous lows.
Gordon Higgins, CA, MBA
Vice President, Equities, Sentry Select Capital Corp
Price
$33.270
Owned
No
BUY WEAKNESS
BUY WEAKNESS
March 29, 2006
He feels it has to go to $29.60 and would be a big buyer there. Earnings estimates have been coming down and his model price has been coming down although it is still at $45.21. You could buy a small position at this price.
He feels it has to go to $29.60 and would be a big buyer there. Earnings estimates have been coming down and his model price has been coming down although it is still at $45.21. You could buy a small position at this price.
Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$33.290
Owned
No
SELL
SELL
March 28, 2006
It has just broken down through a pattern of lows which has been playing out through the last year. Likes chemical companies, but you don't want to own this one.
It has just broken down through a pattern of lows which has been playing out through the last year. Likes chemical companies, but you don't want to own this one.
David Chapman
Investment Advisor, Union Securities Ltd.
Price
$32.070
Owned
No
PAST TOP PICK
PAST TOP PICK
March 23, 2006
(A Top Pick Dec 7/05. Down 22%.) Has been a disappointment. Ethylene prices have been firm but buyers have been balking at paying these prices. The company is going to eventually make good money and he is looking for it to recover. This is a good entry point.
(A Top Pick Dec 7/05. Down 22%.) Has been a disappointment. Ethylene prices have been firm but buyers have been balking at paying these prices. The company is going to eventually make good money and he is looking for it to recover. This is a good entry point.
Michael Sprung
President, Sprung Investment Management
Price
$33.120
Owned
Yes
BUY
BUY
March 20, 2006
Have had a lot of problems with hurricanes, plant breakdowns, etc. but it should come around. An overlooked play. Their gas supply is much cheaper. On his watch list to see if they can recover.
Have had a lot of problems with hurricanes, plant breakdowns, etc. but it should come around. An overlooked play. Their gas supply is much cheaper. On his watch list to see if they can recover.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$35.570
Owned
No
DON'T BUY
DON'T BUY
March 16, 2006
Nova Chemical has good value and a lot of potential. Investors don't like what they see as the stock is breaking down. Not a stock he would like to hold.
Nova Chemical has good value and a lot of potential. Investors don't like what they see as the stock is breaking down. Not a stock he would like to hold.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$36.860
Owned
No
DON'T BUY
DON'T BUY
March 2, 2006
The stock did very well for a while. Now it has fallen and unable to get above the 200 base day moving average. Stay away from it for now.
The stock did very well for a while. Now it has fallen and unable to get above the 200 base day moving average. Stay away from it for now.
Ron Meisels
President, P & C Holdings
Price
$36.970
Owned
No
VAGUE
VAGUE
February 24, 2006
Follows natural gas prices.
Follows natural gas prices.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$38.950
Owned
Unknown
DON'T BUY
DON'T BUY
February 21, 2006
Looks a little ahead of itself. Be cautious.
Looks a little ahead of itself. Be cautious.
Gordon Higgins, CA, MBA
Vice President, Equities, Sentry Select Capital Corp
Price
$39.270
Owned
Unknown
BUY
BUY
February 10, 2006
The company uses natural gas to make its chemicals. Currently, their stock price is 45-60% down. However, this company has an advantage in that it's gas is $0.01/.02 cheaper than others. They had some problems with their plant in Sarnia as well as some tornadoes in Alberta and thus lost their fourth-quarter profit. They should do better in the second half of the year. May not be a bad time to look at it.
The company uses natural gas to make its chemicals. Currently, their stock price is 45-60% down. However, this company has an advantage in that it's gas is $0.01/.02 cheaper than others. They had some problems with their plant in Sarnia as well as some tornadoes in Alberta and thus lost their fourth-quarter profit. They should do better in the second half of the year. May not be a bad time to look at it.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$38.240
Owned
No
TOP PICK
TOP PICK
February 2, 2006
A very misunderstood stock. Had a plant that was closed for maintenance which was extended. Right now ethylene and polyethylene prices are doing very well. Feels the margins are going to expand. Can see them earning $5/6 this year.
A very misunderstood stock. Had a plant that was closed for maintenance which was extended. Right now ethylene and polyethylene prices are doing very well. Feels the margins are going to expand. Can see them earning $5/6 this year.
Michael Sprung
President, Sprung Investment Management
Price
$40.500
Owned
Yes
WAIT
WAIT
January 31, 2006
Hit by a number of problems in the last few years. They are also in a squeeze from the rising price of gas. Once they get their Sarnia plant back on, things should improve. On his watch list.
Hit by a number of problems in the last few years. They are also in a squeeze from the rising price of gas. Once they get their Sarnia plant back on, things should improve. On his watch list.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$39.500
Owned
No
WATCH
WATCH
January 24, 2006
Have looked at this one when it’s been down. Their input is natural gas and if gas prices continue to stay weak, they should be able to come to grips with their costs. He is watching this one but it's a little too early to buy yet.
Have looked at this one when it’s been down. Their input is natural gas and if gas prices continue to stay weak, they should be able to come to grips with their costs. He is watching this one but it's a little too early to buy yet.
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$36.550
Owned
No
DON'T BUY
DON'T BUY
January 19, 2006
The chemical companies are getting squeezed between rising raw material costs and lower margins because of a difficulty in raising their prices to their end users.
The chemical companies are getting squeezed between rising raw material costs and lower margins because of a difficulty in raising their prices to their end users.
David Baskin
President, Baskin Wealth Management
Price
$36.850
Owned
No
HOLD
HOLD
January 17, 2006
Has a model price of $51. Under a little bit of pressure at this time. They've been shaving the earnings estimates which is why it's been going down. Thinks it's close to a pop here.