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Methanex Corporation (MX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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47.89+0.17 (+0.36%)
At close: 04:00PM EDT

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  • J
    MEOH is an industrial product heavily influenced by the economy. So.. if US economy fall into a recession, this stock also couldn't avoid to go down.

    However after correction, it ll be one pf bluechip.. I personally hope for marine fuel usage as Mersk ordered methanol fueling vsl.
  • F
    On its way to $15!
  • c
    finally some good news Methanol prices up again for Feb contract , dont know why Meoh doesnt post news releases on this ....also RBC reiterates target at 50.00 US ...sector perform on the 25th of Jan.

    also Tudor Holt maintains target at 49.00 US as of 2 hours ago

    Positive. Yesterday MEOH raised its North American methanol contract by +$10 to $492/tonne for Feb'21, following a substantial +$83 increase in Jan and a +$20 jump for Dec.," the investment bank said in a note. "The Feb uptick is a bit surprising since US spot prices have fallen -$17/tonne or -4% m/m in Jan on the back of restarting supply, although Q1-to-date prices are tracking +$38/tonne or +11% higher q/q. Methanol is still at 82% of Brent, above the 3y avg of 70%. Additionally, MEOH also increased Asia contracts by +$25 to $430/tonne for Feb'21, following increases of +$55 and +$40 in Jan and Dec, respectively. This was expected given that spot China prices are up +$21/tonne or +7% MTD. On the volumes side, Atlas has resumed production in Trinidad but management expects Titan to remain idled indefinitely. We should see a near term boost driven by restart of Chile IV and the 10% expansion at Geismar. These trends are certainly positive for MEOH, although the stock has been the worst performer in our coverage YTD after a superb end to last year. Maintain Hold."
  • f
    Why does a company increase its dividend payout ahead of announcing Q2 results unless it was expecting a significant improvement in financial performance? In a weak operating environment one would expect more cashflow going into RE. Methanol is a leading contender to replace HFO/VLSFO as a marine fuel with no sulfur content and is fully compliant with Marpol and 2030 GHG emissions limits. I love this company!
  • C
    Methanol prices are within striking distance of where they were three years ago when this stock was trading over 70 bucks.
  • E
    Great move selling a stake in WFS at the top of the shipping bubble.
    Dividend was just tripled.
    Geismar 3 construction to restart.
    This is a fantastic business, great times ahead.
    TD just upgraded the stock with a new target at USD 51, that's 55% above today's price!

    Some posters have a personal grudge towards the company, just ignore them.
  • J
    Investors were looking for some action on the return or at least a comment on return of the dividend.
    Hence, down 9% on pretty good methanol pricing. Folks just impatient. Board could have returned some cash given the rosy outlook stated. Why the cash hoard?
  • S
    Scot B
    Why the plunge today? Chart was looking constructive. Did I miss some news?
  • c
    great day ... down 7% ... nasdaq up huge .... dow industrials up huge ..... tsx up ...and this #$%$ tanks .... new government in without incident .... anyword from company why this tanks
  • J
    This stock has a 25% short interest as of June 16, no wonder the stock price is being dragged down
  • A
    A different J
    Trying to find a rebound number on my charts. It's not jumping out at me, that's for sure. I see unfilled gaps on the daily chart all the way back to last spring. These same gaps don't get reflected on the weekly chart for some reason, except one. The week of November 2/2020 had a high of 40.15 (CDN). The following week had a low of 40.77 . This is close enough that it could be a potential turning point for us. Oddly enough the low from our first big drop was 40.62 on the week of Jan 25/2021. It almost closed the gap. Maybe this time we can put it behind us an get up to the 80s by the end of summer.
    Waiting and watching for an entry.
  • D
    Huge price increase today. Awesome holders!
  • N
    earnings release tomorrow ..... not sure before market open or after close ..any thoughts on results folks
  • M
    This stock is a healthy company and manipulators are playing with it.
    It will go up in value when they come to announcing the earnings from the last quarter.
  • A
    A different J
    Starting to see hints of a trend change on my charts. Lots of work to be done yet though. Weekly time frame hull 9/20 bull cross. Daily RSI just broke above a descending trendline. Daily is also testing a descending trendline. Earnings call coming soon. A lot of negative sentiment is built into the stock price already. It's becoming tempting again.
  • j
    Bought 150 shares at 57 have seen it go down badly in last week and this was savings money don’t know was thinking of selling at a loss any thoughts on that
  • M
    Methanol consumption recovery should be a leading indicator on global economic recovery. Good signs here. Stock price bolstered by so much stimulus globally. Would love to see this get back in the mid 30s (and beyond). Hopefully before the end of Q4.
  • N
    another increase in methanol prices coming .. im a buyer of a large commodity that uses methanol as an input ... my pricing has increased again ...geez
  • S
    From the NZ government earlier this month.

    “The commission’s consultation advice said the amount of natural gas used in New Zealand needed to be reduced to reach the proposed 2050 emission targets and Taranaki’s Methanex-owned methanol plants consumed around 40 per cent of the total gas supply.

    With new offshore oil and gas exploration permits banned, the draft report stated it may soon become “uneconomic for Methanex to continue operating in Aotearoa in its current form”.
  • i
    Looks like all the good news will have no effect in the end. We are about to turn red.