skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. MX: Does this stock have further runway in the current commodities environment or is it time to cash in? [Methanex Corporation]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Does this stock have further runway in the current commodities environment or is it time to cash in?

Asked by Tony on March 09, 2022
5i Research Answer:

This of course is the question. The sector is cyclical, but MX is being swept up in the commodity run right now. It is very cheap and continues to buyback shares aggressively. Methanol prices are rising, and late last year the company indicated global methanol inventory levels were low. Thus, this implies some continue strength for the stock. We would be mindful of exposure and perhaps trim into continued strength, but it likely has room to go still.