Methanex (MEOH) is one of the largest methanol producers in the world with a global footprint and a long track record of delivering shareholder value. Due to COVID-19, the stock has been battered as methanol prices fell sharply due to reduced demand. However, for investors that could get comfortable around the energy market and eventual economic recovery, the stock could yield outsized returns due to its torque to commodity prices and a relatively strong balance sheet that limited its near-term financial risks.
Who's Methanex?
Methanex is the largest methanol producer in the world