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Chesapeake Energy (CHK +0.3%) and Methanex (MEOX +8%) sign a 10-year supply contract in which...

Chesapeake Energy (CHK +0.3%) and Methanex (MEOX +8%) sign a 10-year supply contract in which CHK will supply the natural gas needed for MEOX's 1M metric ton/year methanol plant in Louisiana. MEOX says the deal reduces its exposure to short-term natural gas price fluctuations, which would lower the gas price risk for the site if it wants to relocate a second plant to Louisiana.
Comments (4)
  • rhiannion
    , contributor
    Comments (287) | Send Message
     
    MEOX symbol invalid on Seeking Alpha - MEOH? a Canadian firm?
    24 Jan 2013, 02:32 PM Reply Like
  • JohntheOld
    , contributor
    Comments (181) | Send Message
     
    MEOH is the symbol. Believe that they had a deal go sour in Chile/Argentina (could not get the nat gas) and are dismantling a plant to come to the US - news a while back.
    24 Jan 2013, 03:52 PM Reply Like
  • papayamon
    , contributor
    Comments (1190) | Send Message
     
    looks to me like we got the makings of a short squeeze with CHK :). a bit more good news and they'll be getting nervous.
    24 Jan 2013, 02:46 PM Reply Like
  • Festivus
    , contributor
    Comments (67) | Send Message
     
    Let us pray.
    24 Jan 2013, 04:16 PM Reply Like
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