Methanex

Methanex Corp. engages in the production and supply of methanol. The firm supplies in the international market such as North America, Asia Pacific, Europe, and South America. It also operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.

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Methanex Corp. engages in the production and supply of methanol. The firm supplies in the international markets such as North America, Asia Pacific, Europe, and South America. It also operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.

VANCOUVER, British Columbia, April  20, 2020  (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced that its annual general meeting of shareholders scheduled for Thursday, April 30, 2020, starting at 10:00am (Pacific Time), will now be held at Methanex’s temporary head office in Vancouver located at Suite 800 – 355 Burrard Street. The change in location is a result of the temporary closure of the venue described in the Notice of Meeting dated March 5, 2020 due to the ongoing COVID-19 pandemic. The date and time of the Meeting remain unchanged.

Methanex Announces Change in Location of Annual General Meeting of Shareholders

Methanex (MEOH) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

Methanex (MEOH) Surges: Stock Moves 9.1% Higher

Methanex (MEOH) has drawn $136 million of its credit facility to enhance its cash position and retain financial flexibility.

Methanex Defers Geismar 3 Project on Coronavirus Outbreak

VANCOUVER, British Columbia, April  01, 2020  (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that, in light of the significant uncertainty in the global economy from the COVID-19 pandemic, resulting in a challenging commodity price and project execution environment, it is taking action to defer approximately $500 million of previously announced capital spending on its Geismar 3 methanol project for up to 18 months. Methanex also provided an update on other actions it is taking to strengthen its financial position.

METHANEX DEFERS GEISMAR 3 PROJECT SPENDING AND PROVIDES BUSINESS UPDATE

VANCOUVER, British Columbia, March  24, 2020  (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) today filed its Annual Report, which includes its audited Consolidated Financial Statements and related Management Discussion and Analysis (“MD&A”) for the year ended December 31, 2019, as well as its 2019 Annual Information Form, with Canadian securities regulatory authorities. The Company also filed its Form 40-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission. Copies of these documents are available electronically on the Company’s website at  www.methanex.com  in the Investor Relations section, at  www.sedar.com  (Canadian filings) and at  www.sec.gov/edgar.shtml  (U.S. filings).

METHANEX FILES 2019 ANNUAL DISCLOSURE DOCUMENTS

Methanex (MEOH) anticipates methanol demand to be affected in second-quarter 2020 due to COVID-19 outbreak.

Methanex Sees Coronavirus to Hurt Demand, Cuts Production

Methanex (MEOH) reported earnings 30 days ago. What's next for the stock?

Methanex (MEOH) Down 21.5% Since Last Earnings Report: Can It Rebound?

You Buy Shopify; I'll Buy Methanex

Methanex Corporation (MEOH) CEO John Floren on Q4 2019 Results - Earnings Call Transcript

Lower average realized methanol prices dent Methanex's (MEOH) Q4 margins.

Methanex (MEOH) Earnings Miss, Revenues Beat Estimates in Q4

While the current natural gas supply deal for Titan expires on Dec 31, 2019, this interim arrangement with NGC enables Methanex (MEOH) to continue operations at Titan.

Methanex (MEOH) Inks Interim Supply Deal for Titan Operations

VANCOUVER, British Columbia, Dec.  18, 2019  (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into an interim agreement with the National Gas Company of Trinidad and Tobago Limited (“NGC”) for the supply of natural gas to its Titan methanol facility (“Titan”) for the period from January 1, 2020 to January 31, 2020. The existing natural gas supply agreement for Titan expires on December 31, 2019 and the interim agreement will enable Methanex to continue operations at Titan while continuing negotiations with NGC for a longer-term natural gas supply agreement.

Methanex Update on Trinidad Natural Gas Supply Discussions

VANCOUVER, British Columbia, Nov.  21, 2019  (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.36 per share. The dividend will be payable on December 31, 2019 to holders of common shares of record on December 17, 2019.

Methanex Corporation –  Notice of Cash Dividend

Adjusted EBITDA of Methanex (MEOH) declines in third-quarter 2019 mainly on a decrease in methanol prices.

Methanex (MEOH) Q3 Earnings Miss, Revenues Beat Estimates

Methanex Corporation (MEOH) CEO John Floren on Q3 2019 Results - Earnings Call Transcript

This deal and completion of the first phase of the Chile I refurbishment are major steps for Methanex (MEOH) to return its assets in Chile to full operating rates.

Methanex Inks Long-Term Natural Gas Supply Deal With ENAP

VANCOUVER, British Columbia, Oct.  08, 2019  (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has restructured its existing commercial arrangements with Empresa Nacional del Petróleo (“ENAP”) for natural gas supply to underpin approximately 25% of Methanex’s 1.7 million tonnes of annual production capacity in Chile for a six year period from 2020 through 2025. This longer-term gas supply arrangement provides greater certainty for future gas volumes for our Chile operations and allows for ENAP to make further investments in its gas development activities.

Methanex Reaches Agreement for Natural Gas Supply to Its Chile Operations

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Methanex looks like a cyclical buying opportunity now valued only at a 7.7x TTM P/E and 3.6x Price to Cash Flow.

Methanex: A Great Cyclical Buying Opportunity At 7.7x P/E

Methanex (MEOH) is expected to utilize the net proceeds from the offering for clearing debt.

Methanex Prices Offering of $700M Senior Notes Due 2029

VANCOUVER, British Columbia, Sept.  09, 2019  (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has priced an offering of senior unsecured notes.  Methanex will issue US$700 million in aggregate principal amount of 5.250% senior notes due December 15, 2029. The notes will be issued at a price of 99.969% of the aggregate principal amount, with an effective yield to maturity of 5.255%. The offering is expected to close on or about September 12, 2019, subject to customary closing conditions.

Methanex Announces Sale of US$700 Million 10-Year Notes

VANCOUVER, British Columbia, Aug.  20, 2019  (GLOBE NEWSWIRE) -- Waterfront Shipping Company Ltd., a wholly owned subsidiary of Methanex Corporation, and Marinvest/Skagerack Invest (Marinvest) are proud to welcome two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to the Waterfront Shipping fleet. 

Industry Welcomes Second-Generation Low Emission Methanol-Fuelled Vessels

Methanol is a good alternative maritime fuel. There is huge potential in this market, as capturing a small market share would greatly increase demand. Methanex is leading the way in developing the market.

Methanex Corp.: Earnings Volatility Hides Massive Potential In Alternative Fuels

Higher logistics costs as well as selling and administrative expenses hurt Methanex's (MEOH) Q2 results.

Methanex's (MEOH) Earnings and Revenues Miss Estimates in Q2

Methanex Corporation's (MEOH) CEO John Floren on Q2 2019 Results - Earnings Call Transcript

News for Methanex Stock (MEOH)