This is an interesting question. I always felt that Methanex could become a take-over target, but it's never materialized. Of course, it could be interesting. I bet that the premium on current share price would be huge -- at least 30%, maybe 50 to 60% if there was a bidding war. Meanwhile, the stock is a good bet on higher commodities prices along the road.
Methanex is a solid company. There is a new plant about to be started in Egypt, an older one in Alberta close to restart, better prospects in Chile... Also, next year management should be able to hike the dividend and buyback a load of shares.
I agree. I've been adding MEOH on every little pullback, and added some more today. This stock has many potential suitors if you believe it eventually gets taken over. I also agree the premiums could be very favorable. However, I didn't buy MEOH as a takeover candidate. Buying a stock solely for that reason can go terribly wrong.