Summary

  • Methanex is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America.
  • Headquartered in Vancouver, Canada, Methanex currently operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States.
  • The company's extensive global supply chain and distribution network provides its customers with a secure and reliable supply of methanol.

MEOH0.png

Company Overview

Methanex (NYSE:MEOH, TSX:MX ) is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America.1

Headquartered in Vancouver, Canada, Methanex currently operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States.

The company's global operations are supported by an extensive global supply chain of terminals, storage facilities and the world’s largest dedicated fleet of methanol ocean tankers.

The Power of Agility® is its key brand differentiator and is how its global team of approximately 1,300 employees safely and reliably delivers on its brand promise everyday by quickly adapting and responding to its customers’ needs and creating and capitalizing on opportunities in the marketplace.

MEOH1.jpg

Production Sites

The company's strategically located global production sites give it the ability to meet its customers' evolving needs, providing them with a reliable and secure supply of methanol.2

TRINIDAD - The company's plant in Trinidad supplies methanol markets in North and South America, Europe and Asia Pacific.

NEW ZEALAND - The company's two production facilities in New Zealand supply methanol primarily to customers in Asia Pacific.

EGYPT - The company's joint venture facility in Egypt (Methanex interest 50 per cent) is located on the Mediterranean Sea and supplies domestic and European methanol markets.

CANADA - The company's plant in Medicine Hat is located in southeastern Alberta and supplies methanol via rail and tanker truck to customers in North America.

UNITED STATES- The company's two plants in Geismar have the capability to serve customers in all major markets around the globe. Since their start-up in 2015, they have been a significant enhancement to Methanex’s global supply chain.

CHILE - The company's two plants in Punta Arenas are the world's southernmost methanol production facilities, supplying methanol to major markets in Latin America and Asia Pacific.

MEOH2.jfif

The company's extensive global supply chain and distribution network provides its customers with a secure and reliable supply of methanol.

ASIA

China

  • Hong Kong
  • Japan
  • Korea

OCEANIA

  • New Zealand

NORTH AMERICA

  • USA – Dallas
  • USA – Geismar
  • Canada – Medicine Hat
  • Canada – Vancouver

SOUTH AMERICA

  • Chile
  • Trinidad and Tobago

EUROPE

  • Belgium

MIDDLE EAST

  • Egypt
  • United Arab Emirates

MEOH3.png

Industry Overview

Methanol is a global commodity and its earnings are significantly affected by fluctuations in the price of methanol, which is directly impacted by changes in methanol supply and demand. Based on the diversity of end products in which methanol is used, demand for methanol is driven by a number of factors, including: strength of global and regional economies, industrial production levels, energy prices, pricing of end products, downstream capacity additions and government regulations and policies. Methanol industry supply is impacted by the cost of production, methanol industry operating rates and new methanol industry capacity additions.3

Demand

In 2021, global methanol demand continued to recover from impacts related to the COVID-19 pandemic. The company estimate that global methanol demand grew by 5% in 2021 to approximately 86 million tonnes.

Traditional chemical demand increased by approximately 9% year-over-year due to a strong recovery in manufacturing activity. Demand into energy-related applications increased by approximately 2% year-over-year, although strong demand for other energyrelated applications was offset by a decline in MTO applications. MTO production was lower due to planned maintenance activities and the impact from China’s government-mandated industrial operating rate restrictions.

There is growing interest in methanol as a marine fuel given its environmental benefits, wide availability, cost competitiveness and ease of use. Approximately 60% of its long-term shipping fleet, or 19 vessels in total, will have the capability to run on methanol by 2023. In 2021, several announcements were made by shipping companies, including Maersk, the world’s leading containership company, for orders of dual-fueled vessels that can run on methanol. The company estimate in the next three to four years there will be over 60 dual-fueled vessels on the water, including its 19. The annual demand from these dual-fueled vessels the company estimate will be approximately one million tonnes per year assuming they run on methanol 100% of the time.

Methanol is also being used as a vehicle fuel in China. Methanol can be blended with gasoline in low quantities and used in existing vehicles and can be used in high-proportion blends such as M85 in flex-fuel vehicles or M100 in dedicated methanol-fueled vehicles. Methanex is pleased to see significant interest in high-level methanol fuel blends for M100 taxis and trucks (able to run on 100% methanol fuel) in China. There are approximately 25,000 taxis and 1,000 heavy-duty trucks in China, representing approximately 600,000 tonnes of methanol demand, running on M100 fuel. Several other countries are in the assessment or near-commercial stage for using methanol as a vehicle fuel.

In China, stricter air quality emissions regulations in several provinces are leading to a phase-out of coal-fueled industrial boilers, industrial kilns, and cooking stoves in favour of cleaner fuels, creating a growing market for methanol as an alternative fuel. The company estimate that this growing demand segment already represents approximately five million tonnes of methanol demand. The company continue to support various pilot projects and the development of operational and safety standards to support the commercialization of methanol as a thermal fuel for industrial boilers, kilns and cooking stoves.

Supply

Methanol is predominantly produced from natural gas and is also produced from coal, particularly in China. The cost of production is influenced by the availability and cost of raw materials, including coal and natural gas, as well as freight costs, capital costs and government policies. An increase in economically competitive methanol supply, all else equal, can displace supply from higher cost producers and have a negative impact on methanol price.

Approximately two million tonnes of new annualized capacity, including existing capacity expansions, outside of China was introduced in 2021, including Koch Methanol in Louisiana (1.7 million tonnes) and Shchekinoazot Phase III in Russia (0.45 million tonnes). In China, the company estimate that approximately six million tonnes of new production capacity was added in 2021, including backward integration of two MTO plants and other downstream products. The methanol industry ran at lower operating rates in 2021 due to various planned and unplanned outages coupled with feedstock availability and cost issues which made it difficult for supply to recover to pre-COVID levels .

Over the next few years, the company expect the majority of large-scale capacity additions outside of China to be in North America and Iran. In North America, Methanex is building a 1.8 million tonne plant, the Geismar 3 project, which will be its third plant in Louisiana, with commercial operations targeted for the end of 2023 or early 2024. There are other large-scale projects under discussion in North America; however, the company believe that none are close to a final investment decision. In Iran, the company continue to monitor projects at various construction stages, including the Sabalan plant, which is the only project nearing completion. In China, the company anticipate some continued capacity additions over the near-to-medium term and the closure of some small-scale, inefficient and older plants. The company expect that new capacity built in China will be consumed in that country.

Price

The methanol business is a highly competitive commodity industry and future methanol prices will ultimately depend on the strength of global demand and methanol industry supply. Methanol demand and industry supply are driven by a number of factors as described above. Methanol prices have historically been, and are expected to continue to be, characterized by cyclicality. Methanex’s average realized price in 2021 was $393 per tonne compared to $247 per tonne in 2020. The increase in methanol pricing in 2021 was a result of strong demand recovery, constrained methanol industry operating rates and rising energy prices.

MEOH4.png

Business Overview

Methanol is a clear liquid commodity chemical that is predominantly produced from natural gas and is also produced from coal, particularly in China. Traditional chemical demand, which represents just over 50% of global methanol demand, is used to produce traditional chemical derivatives, including formaldehyde, acetic acid and a variety of other chemicals that form the basis of a wide variety of industrial and consumer products. Demand for energy-related applications, which represents just under 50% of global methanol demand, includes several applications including methanol-to-olefins (“MTO”), methyl tertiary-butyl ether (“MTBE”), fuel applications (including vehicle fuel, marine fuel and other thermal applications), di-methyl ether and biodiesel.

Methanex is the world’s largest producer and supplier of methanol to the major international markets in Asia Pacific, North America, Europe and South America. The company's total annual operating capacity, including Methanex’s interests in jointly owned plants, is currently 9.3 million tonnes and is located in New Zealand, the United States, Trinidad, Chile, Egypt, and Canada. In addition to the methanol produced at its sites, the company purchase methanol produced by others under methanol offtake contracts and on the spot market. This gives it flexibility in managing its supply chain while continuing to meet customer needs and support its marketing efforts. Methanex has marketing rights for 100% of the production from the jointly-owned plants in Trinidad and Egypt, which provides it with an additional 1.3 million tonnes per year of methanol offtake supply when the plants are operating at full capacity

In 2021, its strategy of operational excellence in financial management enabled the restart of its Geismar 3 project to be funded from its cash balance, while continuing to return cash to shareholders through initiating a new share repurchase program and resetting the dividend. As at December 31, 2021, the company had strong liquidity with $932 million in cash and $900 million of undrawn back-up liquidity through its revolving and construction credit facilities, and no significant debt maturities until 2024. The company actively manage its liquidity and capital structure in light of changes to economic conditions, the underlying risks inherent in its operations and the capital requirements of its business.

New Zealand

In New Zealand, the company produced 1.3 million tonnes of methanol in 2021 compared with 1.7 million tonnes in 2020. Production for 2021 was lower than 2020 due to lower gas availability and due to a short-term commercial arrangement with Genesis Energy to make natural gas available to support a tight New Zealand electricity market during the Southern hemisphere winter months. Lower gas availability led to the consolidation of New Zealand production at the two Motunui plants and an indefinite idling of its smaller Waitara Valley plant at the beginning of 2021. The company estimate production in 2022 to be approximately 1.5 million tonnes.

United States

Geismar produced 2.0 million tonnes of methanol in both 2021 and 2020. Production at the Geismar site was comparable, as the increased production capacity resulting from the successful debottlenecking projects were offset by the impact of the planned turnaround at Geismar, and a precautionary outage during Hurricane Ida. With the completion of the two Geismar debottlenecking projects, the annual operating capacity for the Geismar facilities has increased by 10%, to 2.2 million tonnes.

Trinidad

The company's ownership interest in the methanol facilities in Trinidad represents 2.0 million tonnes of annual operating capacity. The Trinidad facilities produced 1.2 million tonnes of methanol (Methanex share) in 2021, solely from Atlas, compared with 1.0 million tonnes in 2020. Production in Trinidad was higher in 2021 as the Atlas plant operated at high operating rates following the turnaround completed in 2020. Titan remains idled indefinitely.

Chile

The Chile facilities produced 0.8 million tonnes of methanol in both 2021 and 2020. Production in Chile is impacted by seasonal demand for natural gas whereby only one of its two methanol plants has operated during the Southern hemisphere winter months when seasonal demand for natural gas in the region is at its peak. The Chile IV plant was restarted in late 2021 and the company expect to have sufficient gas to operate both Chile plants through the Southern hemisphere summer months to the end of April 2022. The company estimate production in 2022 to be approximately 1 million tonnes.

Egypt

The company operate the 1.3 million tonne per year methanol facility in Egypt, in which Methanex has a 50% economic interest and marketing rights for 100% of the production. The company produced 1.2 million tonnes of methanol (Methanex share of 0.6 million) in Egypt for both 2021 and 2020, operating at high rates throughout both years.

Canada

Medicine Hat produced 0.6 million tonnes of methanol in 2021 compared with 0.5 million tonnes in 2020. Production at Medicine Hat was higher for 2021 compared to 2020 as the company completed a planned turnaround in 2020.

MEOH5.png

Financial Highlights

For the year ended December 31, 2021, the company reported a net income attributable to Methanex shareholders of $482 million ($6.13 income per common share on a diluted basis), compared with a net loss attributable to Methanex shareholders of $157 million ($2.06 loss per common share on a diluted basis) for the year ended December 31, 2020. Net income attributable to Methanex shareholders for the year ended December 31, 2021 is higher compared to the year ended December 31, 2020, primarily due to higher average realized price, partially offset by higher cash costs as its biggest feedstock, natural gas, is contracted at a majority of its production sites with links to methanol pricing, which was higher in 2021.

For the year ended December 31, 2021, the company reported Adjusted EBITDA of $1.1 billion and Adjusted net income of $460 million ($6.03 Adjusted net income per common share), compared with Adjusted EBITDA of $346 million and Adjusted net loss of $123 million ($1.62 Adjusted net loss per common share) for the year ended December 31, 2020.

Revenue

Revenue was $4.4 billion in 2021 compared to $2.7 billion in 2020. The higher revenue reflects a higher average realized price and marginally higher sales volume in 2021 compared to 2020.

Most of its customer contracts use published Methanex reference prices as a basis for pricing, and the company offer discounts to customers based on various factors. The company's average non-discounted published reference price in 2021 was $492 per tonne compared with $297 per tonne in 2020. The company's average realized price in 2021 was $393 per tonne compared to $247 per tonne in 2020.

Methanol sales volume, excluding commission sales volume, for the year ended December 31, 2021, increased by 0.3 million tonnes to 10.0 million tonnes from 9.7 million tonnes in 2020, and this increased Adjusted EBITDA by $13 million. Including commission sales volume from the Atlas and Egypt facilities, its total methanol sales volume was 11.2 million tonnes in 2021 compared with 10.7 million tonnes in 2020. Sales volume was higher for 2021 compared to 2020 primarily due to demand recovering after the impact of decreased global demand in 2020 due to the onset of the COVID-19 pandemic.

EBITDA

2021 Adjusted EBITDA was $1.1 billion compared with 2020 Adjusted EBITDA of $346 million, an increase of $762 million. The company's average realized price for the year ended December 31, 2021, was $393 per tonne compared to $247 per tonne for 2020, and this increased Adjusted EBITDA by $1.5 billion

Depreciation and Amortization

Depreciation and amortization was $363 million for the year ended December 31, 2021, and is marginally higher than $357 million for the year ended December, 31 2020.

Cash Flow

Cash flows from operating activities for the year ended December 31, 2021 were $994 million compared with $461 million for the year ended December 31, 2020. The increase in cash flows from operating activities is primarily due to higher earnings partially offset by changes in non-cash working capital.

Recent developments

Methanex And Mitsui O.S.K. Lines Announce Closing Of Strategic Partnership

February 1, 2022; Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) announced the completion of the previously announced strategic partnership involving Methanex’s Waterfront Shipping (WFS) subsidiary. Methanex has received proceeds of approximately US$145 million from MOL for a 40 percent minority interest in WFS. Methanex will retain the remaining 60 percent majority interest in WFS and continue to operate WFS as a key element of its global supply chain capabilities.4

Methanol is a safe, proven, cost-competitive marine fuel for the commercial shipping industry that can meet current and future emissions regulations. Through this transaction, Methanex as the world leading methanol producer, WFS as the world’s leading methanol shipper, and MOL as the provider of multimodal shipping services will strengthen a relationship established over 30 years and advance the commercialization of methanol, including renewable methanol, as a viable marine fuel.

References

  1. ^ https://www.methanex.com/about-us
  2. ^ https://www.methanex.com/our-business/production-sites
  3. ^ https://www.methanex.com/sites/default/files/investor/annual-reports/269862_Methanex_AR_SEDAR.pdf
  4. ^ https://www.methanex.com/news/methanex-and-mitsui-osk-lines-announce-closing-strategic-partnership
Tags: US:MEOH CA:MX
Created by Asif Farooqui on 2022/03/28 14:04
     

Become a Contributor

If you follow a company closely and would like to share your knowledge, we would love your contributions. Register Now and start editing!

Tag Cloud

  1. AU:BHP
  2. AU:DTL
  3. AU:PNC
  4. AU:SSR
  5. Bangladesh
  6. BD:ACI
  7. BD:AMCL(PRAN)
  8. BD:BATBC
  9. BD:BERGERPBL
  10. BD:BEXIMCO
  11. BD:BRACBANK
  12. BD:BSRMLTD
  13. BD:GP
  14. BD:KOHINOOR
  15. BD:LANKABAFIN
  16. BD:MARICO
  17. BD:PREMIERCEM
  18. BD:RBBL
  19. BD:RENATA
  20. BD:ROBI
  21. BD:SINGERBD
  22. BD:SQURPHARMA
  23. BD:WALTONHIL
  24. CA:ABX
  25. CA:AC
  26. CA:AEM
  27. CA:AFI
  28. CA:AGI
  29. CA:AQN
  30. CA:BAM.A
  31. CA:BCE
  32. CA:BHC
  33. CA:BLDP
  34. CA:BMO
  35. CA:BNS
  36. CA:BTO
  37. CA:CCO
  38. CA:CM
  39. CA:CNQ
  40. CA:CNR.TO
  41. CA:CP
  42. CA:CSU
  43. CA:CU
  44. CA:CVE
  45. CA:EMA
  46. CA:ENB
  47. CA:FFH
  48. CA:FM
  49. CA:FSV
  50. CA:FTS
  51. CA:GFL
  52. CA:GIB
  53. CA:GWO
  54. CA:H
  55. CA:IFC
  56. CA:IMO
  57. CA:K
  58. CA:LULU
  59. CA:MFC
  60. CA:MG
  61. CA:MRU
  62. CA:MX
  63. CA:NA
  64. CA:NG
  65. CA:NTR
  66. CA:OTEX
  67. CA:POW
  68. CA:PPL
  69. CA:PVG
  70. CA:QSR
  71. CA:RBA
  72. CA:RCI.A
  73. CA:RY
  74. CA:SHOP
  75. CA:SJR.B
  76. CA:SLF
  77. CA:SSRM
  78. CA:STN
  79. CA:SU
  80. CA:T
  81. CA:TA
  82. CA:TARD
  83. CA:TD
  84. CA:TECK
  85. CA:TFII
  86. CA:TRI
  87. CA:TRP
  88. CA:WEED
  89. CA:WN
  90. CA:WPM
  91. CA:WSP
  92. CA:X
  93. CA:YRI
  94. Canada
  95. CH:ALSN
  96. CH:NESN
  97. CIPLA
  98. DE:TIMA
  99. EU:CCAP
  100. EU:HHFA
  101. FR:CEN
  102. FR:HCO
  103. GB:AAL
  104. GB:ABDN
  105. GB:ABF
  106. GB:ADM
  107. GB:AHT
  108. GB:ANTO
  109. GB:AUTO
  110. GB:AUY
  111. GB:AV
  112. GB:AVST
  113. GB:AVV
  114. GB:AZN
  115. GB:BA
  116. GB:BARC
  117. GB:BATS
  118. GB:BDEV
  119. GB:BHP
  120. GB:BME
  121. GB:BP
  122. GB:CCH
  123. GB:CPG
  124. GB:CTO
  125. GB:DARK
  126. GB:DGE
  127. GB:FERG
  128. GB:GLEN
  129. GB:HL
  130. GB:HSBA
  131. GB:IHG
  132. GB:III
  133. GB:IMB
  134. GB:INCH
  135. GB:NWG
  136. GB:NXR
  137. GB:OCDO
  138. GB:REL
  139. GB:RIO
  140. GB:RKT
  141. GB:SGE
  142. GB:SGRO
  143. GB:SKG
  144. GB:SMIN
  145. GB:SN
  146. GB:STAN
  147. GB:STJ
  148. GB:WPP
  149. Great Britain
  150. HK:0995
  151. HK:1052
  152. HK:107
  153. HK:189
  154. HK:548
  155. HK:819
  156. HK:995
  157. IN:3MINDIA
  158. IN:ADANITRANS
  159. IN:BHARATFORG
  160. IN:CIPLA
  161. IN:CROMPTON
  162. IN:GODREJIND
  163. IN:HDFCAMC
  164. IN:IDEA
  165. IN:INDUSTOWER
  166. IN:LICI
  167. IN:LUPIN
  168. IN:LUPINE
  169. IN:MFSL
  170. IN:MOFSL
  171. IN:MOTHERSUMI
  172. IN:MUTHOOTFIN
  173. IN:NATCOPHARM
  174. IN:NATIONALUM
  175. IN:NBCC
  176. IN:NESTLEIND
  177. IN:NIACL
  178. IN:NMDC
  179. IN:OBEROIRLTY
  180. IN:OFSS
  181. IN:PAGEIND
  182. IN:PAYTM
  183. IN:PEL
  184. IN:PETRONET
  185. IN:PFIZER
  186. IN:PGHH
  187. IN:PIDILITIND
  188. IN:PIIND
  189. IN:PNB
  190. IN:PNBHOUSING
  191. IN:POWERGRID
  192. IN:QUESS
  193. IN:RAMCOCEM
  194. IN:RELAXO
  195. IN:SAIL
  196. IN:SANOFI
  197. IN:SBILIFE
  198. IN:SIEMENS
  199. IN:SRF
  200. IN:SUPREMEIND
  201. IN:TATAPOWER
  202. IN:TECHM
  203. IN:TITAN
  204. IN:TORNTPHARM
  205. IN:TORNTPOWER
  206. IN:TRENT
  207. IN:TVSMOTOR
  208. IN:UBL
  209. IN:ULTRACEMCO
  210. IN:UNIONBANK
  211. IN:UPL
  212. IN:VBL
  213. IN:WHIRLPOOL
  214. IN:ZEEL
  215. India
  216. Ireland
  217. JP:1070
  218. JP:2654
  219. JP:4220
  220. JP:4734
  221. JP:6916
  222. SG:BCY
  223. SG:F13
  224. UK:IHG
  225. US:AABA
  226. US:AAOI
  227. US:AAPL
  228. US:AAUKF
  229. US:ABEO
  230. US:ABUS
  231. US:ACAD
  232. US:ACAN
  233. US:ACBFF
  234. US:ACDVF
  235. US:ACHN
  236. US:ACIA
  237. US:ACRX
  238. US:ADAP
  239. US:ADMP
  240. US:ADMS
  241. US:ADXS
  242. US:AEM
  243. US:AEZS
  244. US:AFMD
  245. US:AGEN
  246. US:AGI
  247. US:AGRX
  248. US:AGTK
  249. US:AKAO
  250. US:ALDR
  251. US:ALIM
  252. US:ALQA
  253. US:AMC
  254. US:AMD
  255. US:AMDA
  256. US:AMIGF
  257. US:AMMJ
  258. US:AMN
  259. US:AMPE
  260. US:AMRN
  261. US:AMRS
  262. US:AMZN
  263. US:ANCUF
  264. US:ANFGF
  265. US:ANLDF
  266. US:ANTH
  267. US:ANY
  268. US:APHQF
  269. US:AQMS
  270. US:AQN
  271. US:AQSZF
  272. US:ARDX
  273. US:ARGS
  274. US:ARLZ
  275. US:ARNA
  276. US:ARRY
  277. US:ARWR
  278. US:ASBFF
  279. US:ASHTF
  280. US:ATDRY
  281. US:ATHX
  282. US:ATNM
  283. US:ATOS
  284. US:ATRS
  285. US:AUPH
  286. US:AUY
  287. US:AVASF
  288. US:AVEO
  289. US:AVEVF
  290. US:AVGR
  291. US:AVIR
  292. US:AVP
  293. US:AVVIY
  294. US:AVXL
  295. US:AXON
  296. US:AXSM
  297. US:AZN
  298. US:BABA
  299. US:BAC
  300. US:BAESF
  301. US:BAM
  302. US:BBRY
  303. US:BCE
  304. US:BCOR
  305. US:BCS
  306. US:BHP
  307. US:BIOA
  308. US:BIOC
  309. US:BLCM
  310. US:BLDP
  311. US:BLEVF
  312. US:BLOZF
  313. US:BLPH
  314. US:BLRX
  315. US:BMO
  316. US:BMRPF
  317. US:BNS
  318. US:BP
  319. US:BPMX
  320. US:BSTG
  321. US:BTDPF
  322. US:BTE
  323. US:BTG
  324. US:BTI
  325. US:BW
  326. US:BZUN
  327. US:CALA
  328. US:CANN
  329. US:CAPR
  330. US:CARA
  331. US:CASC
  332. US:CATB
  333. US:CBDS
  334. US:CCJ
  335. US:CEI
  336. US:CERC
  337. US:CERU
  338. US:CHK
  339. US:CIE
  340. US:CLDX
  341. US:CLF
  342. US:CLOV
  343. US:CLSN
  344. US:CLVS
  345. US:CM
  346. US:CMPGF
  347. US:CNAB
  348. US:CNAT
  349. US:CNBX
  350. US:CNI
  351. US:CNQ
  352. US:CNSWF
  353. US:CORT
  354. US:CP
  355. US:CPRX
  356. US:CRBP
  357. US:CRIS
  358. US:CRMD
  359. US:CTRV
  360. US:CU
  361. US:CUR
  362. US:CVE
  363. US:CVSI
  364. US:CYCC
  365. US:CYTR
  366. US:CYTX
  367. US:DCTH
  368. US:DEPO
  369. US:DGEAF
  370. US:DMPI
  371. US:DRKTF
  372. US:DRYS
  373. US:DVAX
  374. US:DXTR
  375. US:DYLLF
  376. US:EARS
  377. US:ECYT
  378. US:EDIT
  379. US:EGLT
  380. US:EKSO
  381. US:ELVT
  382. US:ENB
  383. US:ENDP
  384. US:ENRT
  385. US:ETRM
  386. US:EVC
  387. US:EXEL
  388. US:FATE
  389. US:FB
  390. US:FERG
  391. US:FINL
  392. US:FIT
  393. US:FLXN
  394. US:FOLD
  395. US:FQVLF
  396. US:FRFHF
  397. US:FSV
  398. US:FTR
  399. US:FTS
  400. US:FVE
  401. US:FWDG
  402. US:GALE
  403. US:GALT
  404. US:GBHPF
  405. US:GBT
  406. US:GERN
  407. US:GFL
  408. US:GIB
  409. US:GILD
  410. US:GLDFF
  411. US:GLEN
  412. US:GLYC
  413. US:GME
  414. US:GNCA
  415. US:GNMX
  416. US:GOLD
  417. US:GPRO
  418. US:GSAT
  419. US:GVXXF
  420. US:GWLIFU
  421. US:HLTH
  422. US:HMNY
  423. US:HRGLF
  424. US:HRNNF
  425. US:HRTX
  426. US:HSBA
  427. US:HTGM
  428. US:HTZ
  429. US:HUSA
  430. US:ICPT
  431. US:IDRA
  432. US:IDXG
  433. US:IFCZF
  434. US:IHG
  435. US:IMBBF
  436. US:IMGN
  437. US:IMMU
  438. US:IMNP
  439. US:IMO
  440. US:IMUC
  441. US:INFI
  442. US:INPX
  443. US:INSM
  444. US:INVA
  445. US:ITEK
  446. US:IVITF
  447. US:JD
  448. US:JOBS
  449. US:JVA
  450. US:KAYS
  451. US:KEM
  452. US:KERX
  453. US:KGC
  454. US:KTOS
  455. US:KTOV
  456. US:LKM
  457. US:LODE
  458. US:LPCN
  459. US:LULU
  460. US:LXRP
  461. US:MACK
  462. US:MARA
  463. US:MBOT
  464. US:MBRX
  465. US:MDCL
  466. US:MDCO
  467. US:MEET
  468. US:MEIP
  469. US:MEOH
  470. US:MFC
  471. US:MGA
  472. US:MGWFF
  473. US:MNKD
  474. US:MOMO
  475. US:MQPXF
  476. US:MRNS
  477. US:MRTX
  478. US:MSFT
  479. US:MTRAFU
  480. US:MU
  481. US:MVIS
  482. US:MZOR
  483. US:NAK
  484. US:NBEV
  485. US:NBRV
  486. US:NEOS
  487. US:NG
  488. US:NH
  489. US:NLNK
  490. US:NMUS
  491. US:NTIOF
  492. US:NTNX
  493. US:NTR
  494. US:NVAX
  495. US:NVCN
  496. US:NVDA
  497. US:NVRO
  498. US:NWBO
  499. US:NWG
  500. US:NXTTF
  501. US:NYMX
  502. US:OCDGF
  503. US:OCLR
  504. US:OCUL
  505. US:OGRMF
  506. US:OMER
  507. US:ONCS
  508. US:ONTX
  509. US:ONVO
  510. US:OPGN
  511. US:OPHT
  512. US:OPK
  513. US:OPTT
  514. US:OTEX
  515. US:OTIC
  516. US:P
  517. US:PANXF
  518. US:PBA
  519. US:PBYI
  520. US:PETS
  521. US:PETX
  522. US:PGNX
  523. US:PHOT
  524. US:PIRS
  525. US:PLSE
  526. US:PLUG
  527. US:PLX
  528. US:PRTO
  529. US:PSDV
  530. US:PTI
  531. US:PTN
  532. US:PTX
  533. US:PUFXF
  534. US:PULM
  535. US:PVG
  536. US:QRSRF
  537. US:QSR
  538. US:RAD
  539. US:RBA
  540. US:RBGPF
  541. US:RCI
  542. US:RCKT
  543. US:RDHL
  544. US:RDUS
  545. US:RELX
  546. US:REPH
  547. US:RGLS
  548. US:RIGL
  549. US:RIO
  550. US:RNN
  551. US:RNVA
  552. US:ROX
  553. US:RSSFF
  554. US:RTTR
  555. US:RY
  556. US:SCYX
  557. US:SDRL
  558. US:SEGXF
  559. US:SENS
  560. US:SESN
  561. US:SGBY
  562. US:SGGEF
  563. US:SGMO
  564. US:SGYP
  565. US:SHOP
  566. US:SJR
  567. US:SKLN
  568. US:SLF
  569. US:SLFPF
  570. US:SMFTF
  571. US:SMGKF
  572. US:SNAP
  573. US:SNN
  574. US:SPHS
  575. US:SPLIF
  576. US:SPRWF
  577. US:SQ
  578. US:SRNA
  579. US:SRNE
  580. US:SRRA
  581. US:SSRM
  582. US:STJPF
  583. US:STLY
  584. US:STML
  585. US:STMP
  586. US:STN
  587. US:STRRF
  588. US:SU
  589. US:SWN
  590. US:SYN
  591. US:TAC
  592. US:TBQBF
  593. US:TD
  594. US:TECK
  595. US:TENX
  596. US:TEVA
  597. US:TFII
  598. US:TGOPF
  599. US:TGTX
  600. US:THCBF
  601. US:TK
  602. US:TMXXF
  603. US:TNDM
  604. US:TOP
  605. US:TRI
  606. US:TROV
  607. US:TRP
  608. US:TRTC
  609. US:TRVN
  610. US:TRXC
  611. US:TSG
  612. US:TSLA
  613. US:TTM
  614. US:TTNP
  615. US:TTNQY
  616. US:TU
  617. US:TVTY
  618. US:TWTR
  619. US:TXMD
  620. US:UBQU
  621. US:UNXL
  622. US:VAPE
  623. US:VBLT
  624. US:VCEL
  625. US:VDQSF
  626. US:VPCO
  627. US:VSTM
  628. US:WIT
  629. US:WLDFF
  630. US:WLL
  631. US:WMIH
  632. US:WMT
  633. US:WPM
  634. US:WPP
  635. US:WSPOF
  636. US:XGTI
  637. US:XON
  638. US:XTNT
  639. US:XXII
  640. US:ZGNX
  641. US:ZSAN
  642. US:ZYNE
This site is funded and maintained by Fintel.io