Wednesday, 27 January 2016

Methanex 4th Quarter 2015 Results

Methanex reported their 4th Quarter 2015 results after the market closed, the presentation can be found here.

This has been a core holding of mine since I started investing. One of the worlds largest producers and marketers of methanol, it carries very little debt and a commanding market position in the production of a feedstock chemical used in a variety of applications. And the dividend is paid out in US dollars, so the revenue grows as the Canadian dollar declines in value.

I don't expect the results to do Methanex any favours with respect to the recent decline in price, but as I originally picked this up 7 years ago, even the recent share price collapse hasn't phased me. It'll be a rough ride, but this one was always intended to provide a steady and growing stream of dividends that are priced outside the Canadian dollar, and so far, it's always delivered.

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