Post by
bendmeover on Nov 24, 2020 1:11pm
december methanol pricing
anybody have a feel for what it it look like .... i do know the ram materials for making formedalhyde has been really going up ...as well as the raw material for olfins and urethane foam
Comment by
ol_griz on Nov 24, 2020 1:33pm
We've pushed well past the SP forecasts in an astoundingly short period - I bailed today, having recovered all $39/share. Incredible. I wouldn't push my luck here.
Comment by
liljohnnyjoke on Nov 26, 2020 9:41am
Seems very expensive now? Lost $1.15 in latest quarter 0.3% Divi Seems alot of risk to the downside now at least near term
Comment by
MoneyK on Nov 27, 2020 10:24am
From the last investor presentation, most of their revenues is coming from China. Methanol prices for December increased from 310 to 350 for that region. At 350 (the long term average), Methanex could generate 1.05B of adjusted EBITDA per year. That could reflect in a SP around 70$-80$ if these prices are maintained. IMO. MoneyK