METHANEX DEFERS GEISMAR 3 PROJECT SPENDING AND PROVIDES BUSINESS UPDATE
Methanex Corporation (MEOH)
Last methanex corporation earnings: 1/29 05:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
methanex.com/investor-relations
Company Research
Source: GlobeNewswire
Defers approximately $500 million in capital spending on Geismar 3 project for up to 18 monthsReduces 2020 maintenance capital spending by $25 millionIncreases financial flexibility through $436 million draw on credit facilities 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. John Floren, President & CEO of Methanex, commented, “We are taking proactive steps today during these unprecedented times to further strengthen our balance sheet, while maintaining long-term value and financial fle
Show less
Read more
Impact Snapshot
Event Time:
MEOH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MEOH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MEOH alerts
High impacting Methanex Corporation news events
Weekly update
A roundup of the hottest topics
MEOH
News
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at Royal Bank of Canada from $45.00 to $50.00. They now have a "sector perform" rating on the stock.MarketBeat
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of DirectorsGlobeNewswire
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at UBS Group AG from $59.00 to $62.00. They now have a "buy" rating on the stock.MarketBeat
MEOH
Earnings
- 4/24/24 - Beat
MEOH
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/24/24 - Form 6-K
- MEOH's page on the SEC website