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Mexico's Sheinbaum spurs hope of more private investment in energy after Lopez Obrador
https://www.reuters.com/world/americas/mexicos-sheinbaum-spurs-hope-more-private-investment-energy-after-lopez-obrador-2023-12-21/
Mexico is key for the US to conquer the Asian gas market
https://www.nytimes.com/es/2024/02/13/espanol/mexico-estados-unidos-gas.html
Understood, but it won't move the share price is my point and really my only concern
Without Mexico acting, everything else is just noise
Ward’s fault I’m sure
No change to outstanding shares in last update on February 5
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
I was not indicating anything, just that your friend posted that
We’re in pennyland. Most of the CEOs are scum. I have more dislike for Roger Mortimer, talk about pumping and screwing shareholders. Oh and Pierre Quillam, he actually tops them all
The deals were announced with Bluebell as the money source, i have no doubts they were real
My point was that Mexico had a real need for these projects but didn't pull the trigger under the current administration ..so unfortunate
And this..
Drop in Panama Canal traffic because of severe drought could cost up to $700 million
A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world's most important trade routes.
The new cuts announced Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected.
https://www.msn.com/en-us/weather/topstories/drop-in-panama-canal-traffic-because-of-severe-drought-could-cost-up-to-700-million/ar-AA1ncGtO
This says it all..
"Regarding the actions that the government should have taken in these two years to avoid an emergency like that of 2021, Erick Sánchez Salas said that it was necessary to strengthen the natural gas infrastructure ; storage, gas pipelines, import terminals but I don't know how any of this was done . It was also necessary to increase the production of natural gas to reduce dependence, but this is long term.
Although the Ministry of Energy (Sener) has classified nine candidate fields to store natural gas inside, the government is not making progress on the issue , leaving no strategic reserves of said fuel.
Of the nine fields evaluated by Sener and identified as suitable, six are physically located in Veracruz. The fields are:
Japh.
Overture.
Colorful.
Lizamba.
Chilapilla.
José Colomo.
Brazil.
Opening.
Dad.
Erick Sánchez Salas recalled that these projects were planned and programmed , but when the current administration arrived they were canceled.
“Mexico has fields, mainly in the field called Brazil, where caverns have been identified that are sufficient and would allow the development of storage infrastructure . ”
The specialist pointed out that this gives signs that private investments should be encouraged or allowed and incentivized for storage in any of its forms, such as import terminals or in this case salt caverns , and give greater alternatives to the government to resilience in issues of this nature.
https://www.msn.com/es-mx/dinero/noticias/m%C3%A9xico-sin-almacenamiento-estrat%C3%A9gico-de-gas-natural-rystad-energy/ar-AA1n5xDP
I heard he resurfaced earlier this month briefly but nothing since
No change to outstanding shares in last update on January 22
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
I remember that well
Heard he was traveling within Texas today, hopefully on business
Maybe nutraceuticals! lol
No change to outstanding shares in last update on January 5
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
You don't think the appraisal will be finished that they already had started a couple months ago?
The 'incredible deal' continues into the new year. Anyone know when the new appraisal is supposed to be done? We need a boost here
I have no doubt Mexico can benefit from Mirage's proposed projects. Still unclear if anything gets done before the elections, especially on the storage front and/or the Isthmus
Mexico will begin exporting liquefied natural gas in 2025
LNG projects on the horizon:
Costa Azul Energy, Ensenada Baja California. It will have a capacity of three million tons per year for export and will start in 2025 with Texas shale gas, operated by Sempra Energy.
Sahuaro Energía, Puerto Libertad, Sonora. It will begin construction in the third quarter of the year for a capacity of five million tons per year of LNG that is intended to be exported across the Pacific to China. It will be operated by Mexico Pacific Limited.
New Fortress, Altamira, Tamaulipas. It will have a capacity of 1.4 million tons per year with gas marketed by the CFE and will be operated by the American company New Fortress, to export gas to Europe.
Pacific View, Topolobampo, Sinaloa. It is anticipated to be a medium scale facility with an export capacity of approximately 3.5 million tonnes annually. It is developed in conjunction with the CFE and will be operated by Sempra Energy.
https://www.eleconomista.com.mx/empresas/Mexico-comenzara-exportacion-de-gas-natural-licuado-en-el-2025-20230725-0117.html
What’s Ahead For Mexico’s Energy Sector?
https://www.forbes.com/sites/nathanielparishflannery/2023/12/15/whats-ahead-for-mexicos-energy-sector/?sh=4f5f6b7522a3
https://mexicobusiness.news/professional-services/news/what-expect-mexicos-energy-sector-2024
https://mexicobusiness.news/energy/news/mexicos-energy-reality-past-present-and-future
Looking better but this needs to get to 20 cents just to be a pre split levels
Looking better but this needs to get to 20 cents to say there is a meaningful recovery post split
Ha, I thought yesterday was Friday for some reason. Hard to believe anything will happen here given the history but let's see what the new year brings
I'm just curious how much of the selling in last month was due to year end selling. I guess we'll find out over next couple weeks.
As far as being halted, Penny said we have 16 months clearance
Last trading day of the year, is this the last chance to get shares under .01?
And the funny thing is Jetfan was one of the main pumpers while he was selling at the highs
Agreed he should find a way to file
Way over!
Same story, without funds
Sounds like you were expecting excitement?
No change to outstanding shares in last update on December 22
O/S 516,844,269
Restricted 288,335,160
Unrestricted 228,509,109
Hard to say. Will depend on who gets in office next year and if Mexico finally pulls the trigger on these projects
They present ProIstmo, the organization that will promote the Interoceanic Corridor
Braulio Carbajal
December 14, 2023 12:44
Mexico City. This morning ProIstmo was presented, a private organization that will seek to promote the “Texistepec Development Pole for Wellbeing”, one of the eight industrial poles that the federal government has so far put out to tender to create an ecosystem that develops the industry around the Interoceanic Corridor. of the Isthmus of Tehuantepec (CIIT).
The “Texistepec” development hub (PODEBI) is located 44.9 km from the port of Coatzacoalcos, Veracruz and has an area of ??481.58 hectares.
These centers will establish industrial complexes that will generate and transform goods that will reach world markets in more competitive conditions. The others are: Coatzacoalcos I and II, San Juan Evangelista and Jáltipan, Ixtaltepec, Ciudad Ixtepec, Santa María Mixtequilla, San Blas Atempa and Salina Cruz.
The Isthmus of Tehuantepec is the geographical area located between the states of Veracruz and Oaxaca. It is the narrowest region of Mexico between the Pacific Ocean and the Atlantic Ocean, in its section of the Gulf of Mexico, this strategic stretch is approximately 200 kilometers wide.
“Considering that the Panama Canal, which has been the dominant interoceanic waterway on the American continent, is going through one of its worst crises due to water scarcity, and this has led to restrictions on ship traffic, there are many who have directed "its look at the new land and sea transportation option that is opening in Mexico: the Interoceanic Corridor of the Isthmus of Tehuantepec," ProIstmo said in a statement.
The CIIT, to be inaugurated this coming December 22, has as its objective the transport of passengers and goods, for which the railways were revived and new infrastructures are built around it, among other things, to receive large ships. significant, generate jobs in the region, stimulate nearshoring and its impact on the region, and even increase the country's GDP, among other economic and social benefits.
The project, which seeks to revive the south-southeast of the country, represents an investment of 14 billion pesos and is expected to generate around 30 thousand jobs.
The CIIT is between two oceans joined by Coatzacoalcos (Veracruz) and Salina Cruz (Oaxaca), and it also has a 303-kilometer route from coast to coast, so it will take six hours for containers and passengers to cross; In addition, it is expected that 1.4 million containers will be mobilized annually.
It also has 24 meters of draft in the new port of Salina Cruz, two additional lines will connect it with Palenque-Tren Maya and with Ciudad Hidalgo-Guatemala.
Presenting ProIstmo on behalf of the organization were Fernando Galván, member of the board of directors, and Armando González, vice president of Operations; in addition to Sildia Mecott, technical secretary of the Interoceanic Corridor Commission representing the government of Oaxaca; Geraldine López, from the Mexican Railway Association; Satyen Timbadia, from the India-Mexico Business Chamber; Domingo Gómez Torres, director of Strategic Alliances of the General Coordination of Ports and Merchant Marine; Mauricio Jaramillo, president of the Texas-Europe Chamber, and Karla Loyo, general director of BTF and relations with Chinese chambers.
https://www.jornada.com.mx/noticia/2023/12/14/economia/presentan-proistmo-organismo-que-impulsara-el-corredor-interoceanico-8477
Oh geez thanks! Hopefully you're not being serious..
Up 200% today wahoo!
Where is jonsmile?
Sure will be interesting to see what happens here in next few weeks