MEOH: Methanex Corporation Instablogs

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Monday, April 1, 9:52 AM Kinder Morgan Partners (KMP) will invest ~$58M to expand its chemical storage capacity, entering into a long-term deal with Methanex (MEOH) to support construction of a methanol storage capacity near KMP's liquids terminal in Geismar, La. KMP will build, own and operate the storage tanks and related infrastructure. 1 Comment [Energy]
Wednesday, March 6, 9:53 AM Methanex (MEOH +2.1%) says it will boost operating capacity at its New Zealand operations by 700K metric tons to 2.2M by year's end after securing a new natural gas supply agreement, and will add capacity at the Motunui site by increasing distillation to add another 200K metric tons/year. The expected cost of the two projects is ~$65M. Comment! [Commodities, On the Move]
Thursday, January 31, 5:35 AM Methanex (MEOH): Q4 EPS of $0.64 beats by $0.09. (PR) Comment! [Earnings, Breaking News]
Thursday, January 10, 5:28 PM Methanex (MEOH) +1.8% AH on plans to idle its Chile operation in March due to anticipated insufficient natural gas supply. MEOH now operates one plant in Chile at low operating rates; in 2013, planned output from the plant represents less than 5% of the company's total production. Comment! [Commodities, Global & FX]
Wednesday, November 28, 2012, 3:27 PM Methanex (MEOH) declares $0.185/share quarterly dividend, in line with previous. Forward yield 2.47%. For shareholders of record Dec 17. Payable Dec 31. Ex-div date Dec 13. (PR) Comment! [Dividends]
Thursday, November 15, 2012, 12:08 PM Methanex (MEOH -2.1%) says it has secured further long-term gas supplies in New Zealand, which equate to ~2.5M metric tons of methanol production over the next five years. CEO Bruce Aitken says the new gas, combined with the 10-year agreement signed earlier this year, underpins long term production at its Motunui site. Comment! [Energy, On the Move]
Thursday, October 25, 2012, 5:33 AM Methanex (MEOH): Q3 EPS of $0.36 beats by $0.03. Revenue of $655.3M (-2% Y/Y) misses by $12M. (PR) Comment! [Earnings]
Thursday, July 12, 2012, 5:22 PM Methanex (MEOH): Declares $0.185/share quarterly dividend, in line with previous. Dividend yield 2.7%. For shareholders of record Sep 16; payable Sep 30; ex-div date Sep 12. (PR) Comment! [Dividends]
Tuesday, June 26, 2012, 2:51 PM Methanex (MEOH -4.8%) is downgraded to Market Perform with a reduced price target of $35, down from $42, at Raymond James. The firm cites signals suggesting Chinese and global economies are slowing, and stiff headwinds recently put forth by its U.S. energy team about the potential impact retreating oil prices will have on key industry indicators. Comment! [Commodities, Quick Ideas, On the Move]
Thursday, January 26, 2012, 2:08 AM Methanex (MEOH): Q4 EPS of $0.68 beats by $0.13. Revenue of $696.5M (+22% Y/Y) beats by $14.3M. "Despite continued concerns regarding the health of the global economy, we have not seen a significant change in demand for methanol and pricing remains relatively stable entering the first quarter of 2012." (PR) (yesterday AH) Comment! [Earnings]

MEOH Methanex Corporation

MEOH

Methanex Corporation