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| TOP PICK | 24.910 | Prakash Hariharan | Seen coal prices go up in China so expects them to start importing methanol and as they drive more cars, the fuel will require more methanol. It’s a play on oil and more so on terminal coal prices. Are increasing their production capacity in a rising price environment. | 2010-03-01 | |
| BUY | 25.060 | David Baskin | One product company with methanol, a gasoline additive and feedstock for a lot of industrial chemicals. In 2008, people drove less, which cut back in methanol use. Also chemical industry fell off. Opposite is now happening with China being the biggest market globally for new cars. Opening a new low-cost plant in Egypt. Good price. | 2010-01-14 | |
| TOP PICK | 18.850 | David Baskin | One trick pony with Methanol. Methanol is a precursor chemical to all kinds of industrial products. When global economy went into recession, demand went down. Methanol prices are now starting to pick up again. Have a plant in Egypt that is coming online. 3.6% yield. | 2009-11-19 | |
| WATCH | 18.940 | Dennis Da Silva | Decent yield of 3.6%. Has some growth potential. Weakness in fertilizers has had an impact. Good core holding. Would consider buying what he saw some strength in this market. | 2009-11-18 | |
| DON'T BUY | 19.540 | Gavin Graham | It is enormously leveraged to the economy. He thinks it will be stronger in resource-based economies but it is already in the stock price. | 2009-10-23 | |
| WATCH | 17.850 | Jim Huang | One of the biggest methanol producers globally. Methanol prices have been increasing so stock has had a run but is now saying increase production in China. Would be cautious near term to see if incremental supply would offset the Chinese increase. Longer term he does like it. | 2009-10-02 | |
| HOLD | 18.650 | Laura Lau | (Market Call Minute.) Methanol prices are starting to come off the spot market. | 2009-09-30 | |
| DON'T BUY | 19.600 | Keith Richards | $18.50 is the 50-day moving average but the momentum has fallen out of it. Looking for a market pullback of about 10%, which might affect this stock. | 2009-09-24 | |
| BUY | 19.800 | David Baskin | (Market Call Minute.) Always a one trick pony with methanol but as the economy recovers, demand for industrial chemicals will recover. | 2009-09-23 | |
| BUY | 19.260 | Alexander Lane, B Comm, C | With the energy complex doing very well, methanol pricing has been looking a lot better. Assets in South America makes it low cost producer. | 2009-09-21 | |
| BUY | 20.470 | Andrew Guy, CFA | Generates strong return on capital, shareholder friendly and focused on their particular niche. This makes it an attractive business from a bottom up point of view but methanol production is a cyclical product. You want to pick your timing very carefully. If you have a longer-term outlook such as 3 years, it could be attractive. Dividend of 3.46%. | 2009-09-04 | |
| BUY | 13.680 | Gavin Graham | Methanol producer. Stock has been hit because industrial production is way down. Now the prices have started to climb. If you believe there will be a recovery in industrial production globally, this should continue to climb. Can be volatile so if you make some money, sell it and move into something else | 2009-06-04 | |
| HOLD | 14.460 | David Driscoll | (Market Call Minute.) They still have to deal with declining margins in their businesses overseas. | 2009-05-08 | |
| DON'T BUY | 11.650 | Gavin Graham | It’s a play on Methanol prices. It has fallen off a cliff and is now starting to recover. Very leveraged. | 2009-04-27 | |
| TOP PICK | 11.150 | David Baskin | 7% dividend, company says is sustainable. Methenol prices have gone down. We will see use of Methenol increase. Should see earnings explode. Nobody cares about the loss because we are at the bottom of the cycle. | 2009-04-14 | |
| BUY | 9.930 | Jim Huang | World's biggest privately owned methanol manufacturer. One use for methanol is construction, which is not doing too well. However, with lower gas prices in North America, and staying low in South America and Trinidad they have a good cost position. Great balance sheet. Watch the commodity trends in methanol prices. 8% yield is reasonably safe. | 2009-03-27 | |
| WEAK BUY | 8.750 | David Baskin | World’s biggest supplier of methanol, a feedstock chemical for a lot of different processes, which is not highly in demand right now. On the other hand, it is primarily made from natural gas, which is also very cheap. Whatever they are losing on the price of methanol they are gaining on the price of gas. Thinks the dividend is sustainable. | 2009-03-12 | |
| DON'T BUY | 7.610 | Veronika Hirsch | Numbers were not good. Ethanol is economically sensitive. No balance sheet issues but it is sensitive to oil prices. | 2009-02-05 | |
| DON'T BUY | 11.990 | Ken McCord | Fundamentals are not great. Market is looking for quality and needs good profitability, predictable earnings, sustainability of dividends and a good balance sheet. Do not get fooled by dividends or valuation. | 2008-12-04 | |
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| PAST TOP PICK | 12.080 | Andrew Guy, CFA | (A Top Pick Nov 2/07. Down 50%.) Excellent, well-managed company. Strong franchise and generating lots of free cash flow. The challenge: it is in the commodities business. Very strong/sustainable dividend. Still a Buy. | 2008-11-19 | |
| TOP PICK | 20.850 | Gordon Higgins, CA, MBA | Like to get the cash back to the unit holder. They have good growth and dividend to boot. | 2008-09-30 | |
| BUY | 27.110 | Ron Meisels | Has been sitting between $26 and $29. Based on the point and figure chart he believes that it has the potential of a major break on the upside. Use a $24 stop/loss. | 2008-08-15 | |
| TOP PICK | 27.960 | Gordon Higgins, CA, MBA | Buy back shares with their free cash flow. Over $350 million on the balance sheet. Opening a new plant in Egypt. World leader in methanol production. Methanol is used in DME, a fuel used in China similar to diesel. | 2008-08-08 | |
| Comment | 26.690 | Benj Gallander | (Market Call Minute.) Too high a price for a contrarian play. It might be all right for other people. | 2008-07-04 | |
| DON'T BUY | 27.910 | Michael Sprung | Being affected recently by the cost of feedstock, particularly natural gas. With his outlook over the next 2 years, it would be a little premature to go into the stock right now. | 2008-06-26 | |
| TOP PICK | 31.560 | Ron Meisels | One of the strongest and highest potential stocks on the market now. Coming out of a huge base from 1995 to 2003. | 2008-06-19 | |
| BUY | 26.400 | Brian Acker, CA | Earnings estimates have been going crazy on this company. His model price is $31.63, a 20% positive differential. Volatile. | 2007-12-20 | |
| TOP PICK | 28.250 | Andrew Guy, CFA | A commodity play. Very strong cash flow. Very shareholder friendly. The price of methanol has gone up 60% due to shortages and the demand remains strong. | 2007-11-02 | |
| HOLD | 21.500 | Bill Carrigan | Well below the 200 day moving average. If you own, hold in for a possible rally and then reduce your holdings. | 2007-08-20 | |
| BUY | 26.950 | Bill Carrigan | Had a peak in January, drop-down and is now in a flat period. Looks good. Don't let it get below the April low. | 2007-07-30 | |
| WEAK BUY | 27.600 | David Burrows | The chemicals group is performing well. There was a pretty good pullback the early part of this year but the methanol space is getting a little bit better. Cyclical area. | 2007-06-22 | |
| SELL | 26.620 | Bill Carrigan | Draw lines across the 5 year lows, and across the 5 year highs. These lines tell you when to buy or sell. At this point it's time to sell. | 2007-06-13 | |
| SELL | 28.530 | Derek Webb, CFA | Expected earnings are down, even though they've had good earnings. (bad last quarter though). | 2007-05-03 | |
| HOLD | 25.900 | Robert Floyd | Contracted price for methanol has dropped which has created a pullback in the stock price. | 2007-04-19 | |
| DON'T BUY | 26.110 | Robert Floyd | Would be a little careful of this one at this time. The methanol market is looking a little bit weaker. | 2007-03-29 | |
| PAST TOP PICK | 26.400 | Ron Meisels | (A Top Pick Apr 24/06. Up 4.12%.) Still a Hold. | 2007-03-21 | |
| WEAK BUY | 33.300 | Larry Berman CFA, CMT, CTA | Breaking out from its old high of last October. If it fell below that old high, this would be an indication that it is breaking down. Could be a buy but use a stop loss. | 2007-01-17 | |
| HOLD | 30.020 | Bill Carrigan | Has formed a base and is trying to break out, Be patient. | 2006-12-06 | |
| HOLD | 28.130 | David Baskin | Methanol producer. Big drop in October when Argentina announced it was going to tax the export of natural gas to Chile. This company has a very large facility in Chile. Methanol prices are high, which may not be sustainable. Consider taking profits. | 2006-11-21 | |
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| HOLD | 29.040 | Larry Berman CFA, CMT, CTA | Feels there is more room to run. It is in a space that has long-term growth opportunities. Technically, it has made new highs and as long as it holds the new highs in the next couple of weeks, it should be okay. | 2006-10-11 | |
| Comment | 27.800 | Neil Wickham | A good hedge to natural gas prices. They are a huge consumer of gas, so if you believe gas will go up, this would be a short and vice versa. | 2006-10-03 | |
| HOLD | 25.380 | David Baskin | Has been a great stock the last few years that corresponded to a boom in commodities. A single product company and if the price for methanol goes down, their profits go down. Right now, it's a cash flow machine, which is why they've been able to increase their dividend. | 2006-08-24 | |
| SELL | 21.330 | Fred Pynn | Methanol is an extremely cyclical commodity so this company’s earnings move up and down along with its stock price. Management/assets are great. He uses it as a trade selling when the stock gets high and buys when it gets beaten up. | 2006-07-26 | |
| TOP PICK | 25.360 | Ron Meisels | Has just broken into a multiyear high. Has not been at this point since the late 90’s which means there is major demand for the stock. | 2006-04-24 | |
| VAGUE | 23.950 | Ross Healy | Methanex's fair market value is worth double for what the stock is trading at. There is a lot of nervousness about companies like Methanex. It should go, it has a nice balance sheet. Looks interesting but is having problems getting going. | 2006-03-16 | |
| BUY | 24.570 | Gavin Graham | The price of methanol has been going out and they are also looking at bringing back their New Zealand production so the price has been going up. This is a cyclical commodity play. If the economy remains strong, the stock should do okay. | 2006-01-31 | |
| BUY | 21.460 | Ron Meisels | Had a fundamental problem in that they shut down an operation in South America and the stock fell as a result. Has now recovered. Support should be between $19.50 and $20.50; so on any weakness there would be an additional buying opportunity. Likes it as it is in the resource area. | 2005-12-15 | |
| BUY | 19.550 | David Baskin | Has gotten to be a pretty complicated company. There's a lot of pieces. There's gas curtailment in Argentina, gasification in China, construction in Egypt. A lot of things to keep track of. That being said, it's a well managed company. Has a loot of cash. Has the potential to become an income trust because its cash flow is so robust. Demand for methanol continues to be steady. | 2005-11-24 | |
| HOLD | 19.510 | Brian Acker, CA | Has a model price of $29. Would love to see it back at $15.25 which would be a slam dunk buy. Thinks it will easily go to $21. Earnings estimates have been coming down on this stock. If it goes to $21, sell it. | 2005-11-14 | |
| BUY | 17.110 | Pierre Bernard | Not expensive at 10 X earnings. Good dividend. A cyclical stock. | 2005-10-17 | |
| BUY | 17.110 | Ron Meisels | Had some fundamental bad news when they closed down a factory in South America. Probably trying to find a level at $17. It should be a good point to get in with the expectation that the bad news is so old that the market is no longer affected by it. | 2005-10-17 | |
| DON'T BUY | 16.740 | Michael Sprung | Methanol has somewhat lost some of the battle to ethanol. On the other hand, there has been a build up in capacity over the last few years which depressed the price of, but not sure there is any new capacity coming on stream in the next couple of years. Feed stock is natural gas, so margins are getting squeezed. Would stand back and wait. | 2005-10-11 | |
| DON'T BUY | 17.140 | Peter Gibson | Not positive on this stock. The ROE level is not as great as other companies and there's some erosion in that profitability. Valuation is OK, but not enough that it's going to outperform the market. | 2005-09-20 | |
| TOP PICK | 17.090 | David Baskin | Methanol manufacturing requires natural gas, but this company has some low cost sources somewhat locked in in Argentina. Good price. They are rolling in cash. A potential income trust or a special dividend situation. | 2005-09-19 | |
| BUY | 17.950 | Ron Meisels | Had a Chilean problem along with some other problems and the stock backed off. At this stage, it's probably oversold enough to turn around and start moving on the upside. Use $17 as a stop/loss. | 2005-08-31 | |
| DON'T BUY | 17.710 | David Burrows | Share price is peforming very poorly in quite a strong market. There are concerns on the price of MBTE. | 2005-08-25 | |
| DON'T BUY | 18.660 | Bill Harris, CFA | A very unique Canadian company. An industry leader in its field. They should benefit from high natural gas prices because it's a domestic industry and they have the ability to operate outside of North America. Didn't do as well as they should have done. More of a trading stock than a long term investment. | 2005-08-10 | |
| DON'T BUY | 18.570 | Bill Carrigan | The trend line shows a break in the spring. The line also shows a weaker high and a lower high. There could be more so would not be a holder. | 2005-08-09 | |
| BUY | 19.100 | Gavin Graham | A good play on resources. Relatively cheap. | 2005-08-08 | |
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| TOP PICK | 20.650 | David Baskin | Looks cheap on a cash flow basis. Sold off very sharply because Argentina cut the gas supply to the plant they own in Chile. Gas supplies have been restarted at 85% of normal. There'll be a blip in the cash flow one quarter. They are making so much money with methanol at current prices that it will hardly be noticed. | 2005-07-11 | |
| PAST TOP PICK | 20.790 | Ron Meisels | (A Top Pick Apr 11/05. Down 10%.) Had a bad announcement in June regarding Chile which created a reaction. Now a buying opportunity. Long term chart is still positive. | 2005-07-07 | |
| SELL | 20.100 | John Zechner | Have had trouble with their feed stock recently. Prices are at an unsustainably high level. | 2005-07-04 | |
| BUY | 19.830 | David Baskin | Had bad news this week. Argentina has restricted the supply of natural gas to its methane plants in Chile, so won't be able to produce as much methanol. Probably a buying opportunity. There'll be a global tightening on methonal as a result of this, so methanol prices will go up. A terrific company. A cash flow machine. | 2005-06-23 | |
| DON'T BUY | 22.250 | John Zechner | Would be a little sceptical on it right now. Thinks methanol prices are in the process of peaking. Generating great cash right now, but it's still driven by a single commodity. | 2005-05-05 | |
| BUY | 22.490 | Gavin Graham | Likes this sector. A cheap way to get into the resources sector. This applies to Agrium (AGU-T), Potash (POT-T), Nova Chemicals (NCX-T), or Methanex (MX-T). | 2005-04-26 | |
| HOLD | 22.150 | David Baskin | Sold about 1/4 of his position when it hit $24.50 because he thought that was a pretty rich price. This stock will always reflect natural gas prices and we're going into a soft period. Long term, it's a great stock to hold. Solid balance sheet, cash flow machine, will probably raise their dividend. | 2005-04-21 | |
| TOP PICK | 23.030 | Ron Meisels | All 3 Top Picks are in a major uptrend and all have significantly higher targets and nobody follows them. Has a wonderful rising 200 day moving average. Has a 10 year inverse head and shoulder and when you get that's a basement that could take this stock to $50/60. | 2005-04-11 | |
| BUY on WEAKNESS | 23.030 | David Baskin | Sold about 1/4 of their holdings because they thought it was time to take some profit. Very cheap on a P/E basis. A cash flow machine. A single commodity company, methanol, which tends to follow natural gas very closely. Methanol demand has been very tight and prices very high. If you can buy at $20, it's a great buy. | 2005-04-11 | |
| WATCH | 24.140 | David Baskin | Long term thinks it's pretty good, but it is driven by methane which is going up and down with the price of natural gas. Has had a tremendous run. If you own, you might consider taking some profits. | 2005-03-29 | |
| BUY | 23.850 | Brian Acker, CA | He has a model price of $37. Doesn't think you'll get much valuation pick-up, but just a growth in book value. Likes the slow steady line progression only because what you are getting is a multiple of book. Earnings are big and they are going on their balance sheet. | 2005-03-22 | |
| TOP PICK | 22.350 | Ron Meisels | A chemical stock which has not yet reached it's full potential. | 2005-03-17 | |
| HOLD | 20.600 | David Taylor, MBA, CFA | An interesting company. Didn't play this one because they had been a little bit concerned with the supply of natural gas. A cash flow machine. Attractive. Big fan of the chemicals and owns Nova Chemicals (NCX-T) and Lyondell (LYO-N). Prefers Lyondell Over Methanex. | 2005-02-02 | |
| WATCH | 20.200 | Ron Meisels | Coming back down to test its 200 day moving average. When a stock starts to correct, it may take a few days for its correction. Close to a buying opportunity. If you own and are a long term investor, HOLD. | 2005-02-01 | |
| BUY | 21.400 | David Burrows | A steady performer over the last several months. Chemical sector has been a strong performer. Have seen some weakness in some of the weaker chemical companies in the last 2 weeks which gives some pause for the sector in general. This compamy looks good, but cyclicals can pull back pretty quickly. | 2005-01-12 | |
| TOP PICK | 21.350 | Robert Lyon | A cash machine. Generates huge amounts of cash flow. Currently pays out 1.8% dividend which he expects will double over the next 12/18 months. Have low cost access to gas. Should be a trust and not sure why it isn't. | 2005-01-11 | |
| BUY | 21.200 | Robert Floyd | Should have some higher highs. It will track the higher energy prices. | 2004-12-17 | |
| DON'T BUY | 21.450 | David Baskin | Looking a little pricey. The problem they face is that there will be more global supply coming on in 2006. It's possible methane prices will start to fall in 2005. Take some profit now. | 2004-12-16 | |
| DON'T BUY | 19.750 | John Zechner | A well run company and dominant in their field. Feels the price of methanol is peaking. Doesn't see substantial performance by them. Also has a currency problem. | 2004-12-08 | |
| BUY | 20.880 | Rob Callander | In a strong upward trend. A relatively unique company in its industry. Probably somewhat overlooked. | 2004-11-30 | |
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| BUY | 19.210 | Brian Acker, CA | Has a high model price on this, which is usually the case in a cyclical. | 2004-10-26 | |
| TOP PICK | 19.000 | Ron Meisels | Went through a huge base from '98 to '01. Breakout started at about $15 in Jan/04. This suggests very excellent upside potential. | 2004-10-20 | |
| BUY | 17.040 | Larry Berman CFA, CMT, CTA | Good 200 day average support. Should see a move back to the $18.50/19 area in the next couple of weeks. $16 would be a sign of technical weakness. | 2004-09-20 | |
| BUY | 17.300 | Ross Healy | Balance sheet looks good. Fair Market Value ($30?) is much higher than its price. | 2004-09-17 | |
| BUY | 17.250 | David Baskin | An under appreciated stock. Expects a special dividend or share buyback in the near future. | 2004-09-09 | |
| HOLD | 17.720 | Glenn MacNeill, P.Eng. | Methanol has been high and expects it to continue to be so. Doesn't expect a big burst. | 2004-08-25 | |
| STRONG BUY | 17.750 | Ron Meisels | Has unbeliveable potential. | 2004-08-24 | |
| VAGUE | 17.070 | Michael Sprung | Competition is increasing. Pricing environment has been good for methanol so the stock price has held up. | 2004-08-17 | |
| BUY | 16.400 | David Baskin | Came out with earnings that were considered a little soft and are having problems commissioning with one plant so the stock got hammered about 10%. A good price. Buying more. | 2004-07-29 | |
| BUY | 16.200 | Gordon Higgins, CA, MBA | Throwing off a tremendous amount of free cash flow. They have a history of doing share buyback, special dividend or giving cash back. Cyclical. Stock as of near-term because of delays in opening their Trinidad plant. | 2004-07-23 | |
| TOP PICK | 17.950 | Ron Meisels | Has gone through a huge inverse head and shoulder. Long-term chart shows the stock could easily go to the high $20's. | 2004-07-14 | |
| BUY | 17.400 | David Chapman | Chemical type companies seem to do well when the broader market can be weak. Could be in a little pullback testing which could be an opportunity to buy. Chart indicates it should go higher. Protect yourself with a stop/loss. | 2004-06-28 | |
| WEAK BUY | 18.050 | David Taylor, MBA, CFA | An enigma. Great company. Significant player in the world. Locked in because of gas prices creating higher operating costs. In spite of this, they should do very well. | 2004-06-22 | |
| BUY | 18.200 | David Baskin | Making a lot of money and will be able to pay off a large amount of debt. Because of the high price, will probably take some profits but will continue to hold. Still cheap at this price. | 2004-06-17 | |
| BUY | 18.230 | Pierre Bernard | Should do well in this market, Not a buy and hold stock. | 2004-06-16 | |
| BUY | 17.050 | Ian Nakamoto | Good company ,a leader. Could hit 20.00 | 2004-06-14 | |
| DON'T BUY | 17.150 | Bill Shaw | Surpassed target price. Significant risk. Some price risks. | 2004-06-11 | |
| DON'T BUY | 17.000 | John Zechner | Thinks they methanol cycle has peaked. Starting to slowly come back down. Well-run company and lowest cost producer in the world. Can't see much upside. | 2004-06-10 | |
| BUY on WEAKNESS | 16.750 | David Driscoll | This company will grow at the rate of GDP plus 1%. Gaining more market share as companies in that sector disappear. Has had a big run, but could probably continue to do better down the road. A little pricey right now. | 2004-06-08 | |
| BUY on WEAKNESS | 16.750 | Brian Acker, CA | Doesn't expect you will get a valuation increase, but you will get the benefit of a multiple of the earnings. Would buy at $15.70. | 2004-06-03 | |
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| BUY | 16.250 | Larry Berman CFA, CMT, CTA | Starting to see significant momentum and it is starting to break out. | 2004-05-31 |
