Top PickLast stock in the clip. He owns it personally as well as in hts fund. GLTA
https://www.bnnbloomberg.ca/video/brian-madden-s-top-picks~2194811
Methanex (MX TSX) latest purchase April, 2021 @ $45.89
With a 14 per cent share of the global market, Methanex is the world’s largest producer of methanol, a product used in fuel blending and in plastics and other chemical applications. The company operates six production facilities in Canada, the U.S., Chile, Egypt, New Zealand and Trinidad & Tobago. Rare among commodity producers, Methanex generates prolific free cash flow through the cycle, thanks to its efficient plants situated near abundant sources of low cost natural gas feedstock. Methanol demand and pricing is roaring back from last year’s cyclical trough, and Methanex earnings which grew 970 per cent year over year in Q1 are roaring back alongside the commodity. Although the shares have also recovered sharply, they trade at a modest 2.2x book value vs. their ten year average of 2.5x and well below prior cycle peaks above 4x.
TOP PICK
Methanex Corp
(MX-T)
May 4, 2021
A value cyclical play. They're the world's biggest producer of methanol. They reported a blow-out Q1 last week due to strong methanol demand roaring back from the abyss of last year as people start driving and flying again. Industrial demand has remained strong. They operate six plants tglobally, located near cheap natural gas stocks. Share have recovered nicely since last year, but he sees even more upside. It trades at 2.4x book value, a discount for them. (Analysts’ price target is $53.50).
CHEMICALS
Brian Madden
Price
$47.610
Owned
Yes