PCJ Investment Counsel has completely liquidated its position in Methanex (MEOH), selling 208,630 shares valued at approximately $10.5 million, according to a recent SEC filing. This decision marks a significant shift, as the fund’s Methanex holdings dropped by $8.28 million from the previous quarter. As of May 11, 2026, Methanex shares were trading at $63.35, reflecting a remarkable 95.28% increase over the past year, significantly outperforming the S&P 500.
The implications of this move are noteworthy for market professionals. The exit by PCJ could signal concerns over Methanex’s valuation and future profitability, especially given the company’s recent net loss of $44.85 million and looming challenges related to its Titan plant contract expiring in September 2026. Additionally, the broader energy sector’s volatility, influenced by geopolitical factors, may further complicate Methanex’s outlook.
Investors should closely monitor Methanex’s performance and market conditions, as this liquidation could indicate a shift in sentiment towards the stock, particularly in light of its recent price surge and underlying operational challenges.
Source: fool.com