Droppel
04.03.2001, 12:54
Morgen!
Bin zufällig auf diese Firma gestossen: MEOH!
Lest aber erstmal die News (Naja, ganz frisch sind die nicht mehr http://www.stock-channel.net/Board/smilies/wink.gif):
Methanex shares rise after strong earnings
THURSDAY, JANUARY 25, 2001 3:10 PM - Reuters
(All figures in U.S. dollars unless otherwise noted)
VANCOUVER, Jan 25 (Reuters) - Shares of methanol giant Methanex Corp (NYSE:MX)(NASDAQ NM:MEOH) jumped on Thursday, a day after the Canadian company announced stronger earnings on higher prices and forecast vibrant market conditions for 2001.
Its shares were up 55 Canadian cents at C$8.85 a share in midday trading on the Toronto Exchange. Its stock has ranged between C$2.33 and C$9.90 in the past 52 weeks.
The company's shares on Nasdaq were up $7/16 at $5 7/8 at midday on Thursday.
Methanex executives told analysts on Thursday they were pleased by news that U.S. makers of the MTBE, which is made from methanol, have filed a lawsuit to block California's plan to ban the fuel additive by the end of 2002.
MTBE makes gasoline burn cleaner to reduce air pollution, but critics want it banned across North America because it contributes to water pollution. MTBE producers say the problem could be solved by repairing leaking fuel tanks.
Methanex on Wednesday reported net earnings of $65.3 million, or 40 cents per share, in the three months ended Dec. 31. It recorded a net loss of $77 million, or 45 cents per share, in the same period last year that included a one-time restructuring charge.
The company last year emerged from red ink caused by a worldwide methanol glut. Company executives reaffirmed in a conference call with analysts on Thursday they remain optimistic about market conditions for 2001.
Methanol is a natural gas derivative that is used to produce a variety of industrial products such as acetic acid, formaldehyde and MTBE (methyl tertiary butyl ether), and additive used to make gasoline burn cleaner.
Methanex has been been the leading critic of California's proposed ban, and has sought millions of dollars in damages from the U.S. federal government under the North American Free Trade Agreement.
Chief executive Pierre Choquette told analysts on Thursday the lawsuit filed by MTBE producers this week represented the industry's willingness to be more aggressive in fighting California.
"To me that's a hell of a change in momentum," Choquette said.
He said it was too early to gauge the effect of President Bush's election. Bush has indicated he might ease environmental rules in a bid to ease California's ongoing energy crisis.
($1 = $1.51 Canadian)
Rtr 15:10 01-25-01
Selector Code: reuco
Copyright 2001, Reuters News Service
<IMG SRC="http://iqc.go2net.com/magic/chart?cs=0&symbol=MEOH&i0=1" border=0>
Was meint Ihr?
Grüsse aus HRO!
Bin zufällig auf diese Firma gestossen: MEOH!
Lest aber erstmal die News (Naja, ganz frisch sind die nicht mehr http://www.stock-channel.net/Board/smilies/wink.gif):
Methanex shares rise after strong earnings
THURSDAY, JANUARY 25, 2001 3:10 PM - Reuters
(All figures in U.S. dollars unless otherwise noted)
VANCOUVER, Jan 25 (Reuters) - Shares of methanol giant Methanex Corp (NYSE:MX)(NASDAQ NM:MEOH) jumped on Thursday, a day after the Canadian company announced stronger earnings on higher prices and forecast vibrant market conditions for 2001.
Its shares were up 55 Canadian cents at C$8.85 a share in midday trading on the Toronto Exchange. Its stock has ranged between C$2.33 and C$9.90 in the past 52 weeks.
The company's shares on Nasdaq were up $7/16 at $5 7/8 at midday on Thursday.
Methanex executives told analysts on Thursday they were pleased by news that U.S. makers of the MTBE, which is made from methanol, have filed a lawsuit to block California's plan to ban the fuel additive by the end of 2002.
MTBE makes gasoline burn cleaner to reduce air pollution, but critics want it banned across North America because it contributes to water pollution. MTBE producers say the problem could be solved by repairing leaking fuel tanks.
Methanex on Wednesday reported net earnings of $65.3 million, or 40 cents per share, in the three months ended Dec. 31. It recorded a net loss of $77 million, or 45 cents per share, in the same period last year that included a one-time restructuring charge.
The company last year emerged from red ink caused by a worldwide methanol glut. Company executives reaffirmed in a conference call with analysts on Thursday they remain optimistic about market conditions for 2001.
Methanol is a natural gas derivative that is used to produce a variety of industrial products such as acetic acid, formaldehyde and MTBE (methyl tertiary butyl ether), and additive used to make gasoline burn cleaner.
Methanex has been been the leading critic of California's proposed ban, and has sought millions of dollars in damages from the U.S. federal government under the North American Free Trade Agreement.
Chief executive Pierre Choquette told analysts on Thursday the lawsuit filed by MTBE producers this week represented the industry's willingness to be more aggressive in fighting California.
"To me that's a hell of a change in momentum," Choquette said.
He said it was too early to gauge the effect of President Bush's election. Bush has indicated he might ease environmental rules in a bid to ease California's ongoing energy crisis.
($1 = $1.51 Canadian)
Rtr 15:10 01-25-01
Selector Code: reuco
Copyright 2001, Reuters News Service
<IMG SRC="http://iqc.go2net.com/magic/chart?cs=0&symbol=MEOH&i0=1" border=0>
Was meint Ihr?
Grüsse aus HRO!