MEOH

Methanex Corp

Industrial/Transportation


Presented:01/14/2016
Price:$26.39
Cap:$2.39B
Current Price:$40.89
Cap:$2.76B

Presented

Date01/14/2016
Price$26.39
Market Cap$2.39B
Ent Value$4.35B
P/E Ratio7.45x
Book Value$19.50
Div Yield0%
Shares O/S90.69M
Ave Daily Vol1,016,645
Short Int13.80%

Current

Price$40.89
Market Cap$2.76B
Methanex Corp. is a producer and supplier of methanol. The company's wholly owned subsidiary, Waterfront Shipping Co. Ltd. operates the methanol ocean tanker fleet. Methanex was founded on March 11, 1968 and is headquartered in Vancouver, Canada.

Publicly traded companies mentioned herein: CF Industries Holdings Inc (CF), LyondellBasell Industries NV (LYB), Methanex Corporation (MEOH / MX CN)

Highlights

The presenter is long shares of industry leader Methanex (MEOH) and views ~$26 as a favorable entry point. In his opinion, oil at $30 to $35 per barrel is not sustainable and the price of the commodity is likely to rise over the next 12 months. When the price of a barrel of oil does turn higher, MEOH should outperform due to the tight positive correlation of methanol prices to oil, its positive FCF and leverage profile.

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Idea Discussion

Commentor 1 - 2 weeks ago

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