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Here is the National plan translated to this document from SENER
https://www.gob.mx/cms/uploads/attachment/file/590407/2PQ_SISTRANGAS_2020_2024__05-11-2020_.pdf
The National Development Plan (PND) signed and issued by the Presidency of the Republic in July 20198 , established the general welfare of the population as the highest objective of the acting Government, which is carried out through a viable model of economic development, political ordering and coexistence between social sectors, which guarantees progress with justice and growth with well-being.
The proposal contained in the PND is guided by twelve guiding principles and is constituted by three general axes: (i) Politics and Government, (ii) Social Policy and (iii) Economy, to which the sectorial, special programs, institutional and regional resources derived from this plan.
Therefore, in order to generate well-being for the population and reduce the existing inequality gaps, The Government of Mexico is committed to promoting inclusive, dynamic, balanced economic development, sustainable, equitable and lasting, whose strategies for the medium term of the different sectors will be delineated in said programs derived with a vision to the southeast.
In particular, the preparation of the Second Five-Year Plan is aligned with the following two general axes of the PND: (i) Social Policy, which guides the strategies and programs towards the attention of groups with greater lags in terms of education, health, housing, food, productive projects, social protection, among others, through six objectives,
Among which are: building a country with well-being and sustainable development; and (ii) Economy that seeks to maintain macroeconomic stability and trigger the growth of the economy and its development, through compliance with 14 objectives, among which are: to detonate growth; no more tax increases; respect for contracts existing and encouragement of private investment; rescue to the energy sector; boost economic reactivation, the market internal and employment; and regional projects.
Here is the legal procedure overview translated to this document from SENER
https://www.gob.mx/cms/uploads/attachment/file/590407/2PQ_SISTRANGAS_2020_2024__05-11-2020_.pdf
Finally, during the preparation of this last annual review, SENER and CRE pointed out a series of considerations and suggestions to CENAGAS for the preparation of the proposal for the SISTRANGAS 2020 Five-Year Expansion Plan -20247 (Second Five-Year Plan), which are summarized below:
1. Maintain the exercise of Public Consultation.
2. Consider the projects of public policy on energy issues issued by the current administration, the National Infrastructure Plan, the National Hydrocarbons Plan and those corresponding to refining and electricity.
3. Evaluate the relevance of the following projects: (i) Bypass to Reynosa, (ii) Increase in capacity transport of the Valtierrilla - Lázaro Cárdenas section, (iii) Hub "El Caracol", (iv) Hub Monterrey, (v) Argüelles Expansion, (vi) Ramones Phase I Expansion.
4. Regarding the Jáltipan - Salina Cruz gas pipeline, it is considered as part of the project under development of the transisthmian corridor.
5. Evaluate the development of operational and strategic natural gas storage projects that allow maintaining continuity in the supply of natural gas in the national gas pipeline network in the event of a contingency that puts the operating capacity of the systems at risk.
6 The capacity resulting from the interconnection will be destined for CFE.
7 Agreement A / 007/2019, issued by the CRE, as part of its technical opinion and section VI.3 of the Fourth Annual Review of the First Five-Year Plan approved by SENER eleven Regarding the evaluation of projects to be included in the Second Five-Year Plan, the CRE requests that CENAGAS consider the next:
1. Maintain long-term supply and demand projections with a horizon of at least 14 years.
2. Prioritize the projects to be developed that demonstrate long-term benefits in terms of efficient development of infrastructure, trust and certainty to market participants, competition in the sector, increased coverage and reliability, stability and security in supply and provision of the services.
3. Present a cost-benefit analysis of each of the projects that make up the proposal of the Second Five-Year Plan.
Here is the legal frame / overview translated to this document from SENER
https://www.gob.mx/cms/uploads/attachment/file/590407/2PQ_SISTRANGAS_2020_2024__05-11-2020_.pdf
Legal frame
In its article 66, the Hydrocarbons Law (Law) establishes that CENAGAS is the independent manager and administrator of the SISTRANGAS and its purpose is to guarantee continuity and security in the provision of services in that System for contribute to the continuity of the supply of hydrocarbons in the national territory. Likewise, article 69 of the Law indicates that CENAGAS, as an independent manager of SISTRANGAS, must propose to SENER for its approval, prior technical opinion from CRE, the Five-Year Expansion Plan of the SISTRANGAS. Said Five-Year Plan must contain, in addition to indicative planning, coverage projects social and those that SENER considers strategic to guarantee the efficient development of SISTRANGAS. In this sense, Article 66, of the Regulation of the activities referred to in the Third Title of the Hydrocarbons Law (Regulation) establishes that during the month of April of each five-year period, CENAGAS must submit to SENER the proposed Five-Year Expansion Plan for SISTRANGAS for the five-year period in question.
Here is the Introduction/overview translated to this document from SENER
https://www.gob.mx/cms/uploads/attachment/file/590407/2PQ_SISTRANGAS_2020_2024__05-11-2020_.pdf
INTRODUCTION
On December 1, 2018, Mexico began to write a new stage in its history, a transformation of the public life, through a government whose vision is that of a country with healthy, reliable and respectful institutions laws; with a society involved in the exercise of public power and an environment of general welfare where reverse the trends of poverty and economic and social inequality, through economic growth and development inclusive.
The Political Constitution of the United Mexican States establishes that the State is responsible for development national, for which it will plan, lead, coordinate and orient the national economic activity, through the instruments of public policy issued by the Federal Public Administration.
The Five-Year Expansion Plan of the Integrated National Natural Gas Transportation and Storage System 2020-2024 (Second Five-Year Plan) is based on the vision and strategy of President Andrés Manuel López Obrador, and is aligned with the objectives of the National Development Plan 2019-2024 (PND), the Business Plan of Petróleos Mexicanos and its Subsidiary Productive Companies 2019-2023, to the Development Program of the National Electricity System 2019-2033 (PRODESEN) and the Oaxaca Pact.
The elaboration of this Second Five-Year Plan started from the identification of infrastructure needs that required to meet the country's long-term demand for natural gas and is made up of projects indicative of transportation and storage of natural gas to be developed in the coming years and may incorporate those projects strategic and social strategies that the Ministry of Energy (SENER) determines.
The Second Five-Year Plan is the benchmark for the national industry in terms of natural gas, since it offers the information necessary for the decision-making of the users of this energy and for the participating companies. Likewise, it provides certainty of the projects included here and of the direction of the natural gas market in the short, medium long term.
Within the scope of its competence, the National Center for Natural Gas Control (CENAGAS) will continue to contribute to the nation through the management of the transportation and storage systems that make up the Transportation System and National Integrated Natural Gas Storage (SISTRANGAS or Sistema), providing open access service and counting on a planning at the national level, which is reflected here.
Thus, CENAGAS promotes productive investment and public spending on natural gas for growth and economic development, through the provision of transportation and storage services with a focus on needs of users and the people of Mexico, allowing to meet the growth of national demand for short, medium and long term.
The document is divided into seven chapters: the first two present the legal framework on which the preparation of the SISTRANGAS Five-Year Expansion Plan, as well as its background. In the third, a current panorama of natural gas transportation and storage infrastructure, as well as consumption and supply observed in recent years. In the fourth chapter, the elaboration of the Second Five-Year Plan is shown. The fifth shows the Second Five-Year Plan presented to CRE by CENAGAS. The sixth, the projects approved by SENER and finally, the seventh chapter shows a summary of the projects of the Second Five-Year Plan, approved by SENER.
With this Five-Year Plan, CENAGAS, as a dependency of the Government of Mexico, reaffirms its commitment to the Productive Companies of the State and with the national and international business sector, promoting development economy of the country through natural gas.
Anybody study this presentation by SENER yet?
https://www.gob.mx/cms/uploads/attachment/file/590407/2PQ_SISTRANGAS_2020_2024__05-11-2020_.pdf
Most interesting the list of projects:
1. Proyecto “Dulces Nombres”.
2. Proyecto “Francisco I. Madero”.
3. Proyecto “Leona Vicario”.
4. Proyecto “Ampliación Montegrande”.
5. Proyecto “Estaciones de compresión Tecolutla y Lerdo.
6. Gasoducto “Jáltipan-Salina Cruz”.
7. Gasoducto “Prosperidad”.
8. Almacenamiento operativo en Cavernas Salinas
Then the last pages have detailed descriptions for each project and for example for “gasoducto jaltipan-Salina Cruz” under Development mechanism it states:
Licitación de un contrato por parte de la CFE.
(Bidding for a contract by the CFE)
Or “gasoducto prosperidad” it states:
La inversión del proyecto se puede realizar a cargo de un privado, evaluando la pertinencia de su integración al SISTRANGAS.
(The project investment can be carried out by a private party, evaluating the relevance of its integration into SISTRANGAS.)
Inexperience OR forced sale / cash need?
Motivated seller and once you lower your Asking price automatically ALL BIDS retreat and say “you need out, come down to our BID price”
Disappointing trading day, expected low volume and green close.
MM E*TRADE trader with 220k sell order block pushing lower since 2pm killed the action!
You just don’t sell in block size above 30% of current day volume! Break it up into 3 sell blocks and you get better execution and better prices!
I fully agree! Just wished instead of Horacio Zarate that it was CFE official Jamie Hernandez that named our company
;)
Either way excellent DD
just take the BID offer you are getting presented MM ETRD sell your 90k left into the 125k BID and we can move on IMO!
Next Level II ASK still posted above $0.45 so good chance turning back green
It’s the same trader MM ETRD that originally posted 220k sale @ $0.44, has steadily dropped the rest of his order lower into the BID.
Currently left 91k from original 220k sale inventory and still showing with MM ETRD @ $0.42
Once this sale order gets executed MRGE price should move back up IMO
Excellent DD, wish it wasn’t “just” Horacio Zarate Acevedo who dropped Mirage Energy & Northern Hemisphere BUT we take it, thanks
Reason, Mirage hired Horacio Zarate Acevedo to acquire all permits and necessary documents for our projects, see March 18th 2020 PR.
Still great to see he is involved and in the midst of these pipeline permit disputes & resolves
Tide change!
200k volume in first 2 hrs of trading today! Yesterday last 5min of end of day trading saw about 200k buy into the close!
As expected slow day
MM ASCM gone.... volume gone
Ready for slower trading day with green close IMO
Thanks to you as well!
To be clear, in my opinion the price downdraft sucks but it’s simply a pullback
to where MRGE was about 2 weeks ago!
The HUGE volume makes this ticker just a LOT more interesting since all these sellers need buyers!
It’s easy to explain sellers BUT there are some serious BUYERS here as well so what do they know or what is their DD? ;)
Volume before price!
My shareholding #s have been going up last couple days, I still expect HUGE news & developments from our CEO Michael Ward and his company, since after all he is the biggest shareholder!
Plenty of shareholders taking chips off the table. Unusual amount of large blocks posted for sale with all different MMs.
Some typical indication of panic selling MM GTSM posted 105k block for sale @ $0.4073 at 1.15pm just when some buys were coming in, block gets pulled (try to sell it higher or change in mind?)
Later 3.09 pm “power hour” lol and share price looks to drop towards $0.40. This shareholder gets nervous and swoops selling right into the BID, 3 blocks 44k, 36k and 25k....(105k total)
Best case this was a trader that bought early during the drop below $0.40 and still made a little profit BUT my guess many shareholders scared and selling.
That’s how the game is played
Watch for the MM pattern to change!
Currently MM CDEL and MM ETRD pop up with big sale blocks and MM ASCM always undercuts quick and boxes price in!
The only way to break this downdraft pattern is for BUYING VOLUME to show up AND it’s here! The avg trade size is BIG today and plenty of 20k 30k and even 50k buy blocks @ ASK happening. Needs to be little more consistent IMO
Once these events turn they turn quick BUT exact timing is a “widow maker” that’s why you buy on the extreme fear and sell some when it jumps higher.
Jackpot is right, won’t just see a quick jump up in price to $0.50! It needs to find a base and consolidate first. You could make a case for capitulation selling this morning with HUGE volume, big price decline and then literally nothing but watching paint dry! Now a slow and steady push higher if buying volume continues.
Good luck
Understand your view.
Of course cash needs to be available to buy! But if somebody is holding $millions in a single stock and has no cash on hand to buy anything more that’s pretty dangerous position and extremely risky for the holder as well as other shareholders?
Strong buying & selling rules make sense and is essential for longterm success IMO
Welcome!
Nice 200k buy up @ ASK from $0.41 up to $0.449
In Addition note that all the trading is happening in 3 and 4 digits deep.... easy to push volume back and forth ;)
MM ASCM boxing price in BUT today has collect lots of shares on BID IMO
I would call MRGE a “mirage monster squirrel” lol
Any MRGE shareholder that is NOT adding / supporting at this current level must not believe their own DD and that with every day the deal is a day closer!
New shareholders have an excellent entry point during this “constructed” downdraft and should take advantage of it!
Please don’t sell and get robbed of your shares!
If there would be any real doubt anything bad news then why does volume basically STOP after over 2 Million shares trade in the first 30min?
Sure beyond our pay grades BUT that’s how BIG money loads up...
Volume before price
Once they got their allocations filled they let the price run higher IMO
Massive buying ;)
First 20min 1.8 Mio VOLUME!!
Massive
Buying $0.38s here
Sure was a combo day of MM ASCM shorting and profit taking meeting panic selling!
At low of today MRGE was down 40%+! That should give EVERY shareholder a pause!
Over 4.3million in share volume is HIGH, even though I would think there are multiple sell / rebuy lower AND/OR buy / sell higher that account for some churn. I ended up with handful of more shares at the end of the day BUT sold / rebought lower 2x times.
Thanks to all long timers & MRGE supporters here. It had to be “heart attack” material seeing BIG investment down 40%+ at one point?
A 5 million long shareholder e.g. was down -$1,425,000 on paper at the low of day
MM ASCM was gone last 45min BUT MM CDEL dropped plenty of supply last 30min! Without that supply close @$0.62 would have been my guess, instead $0.5595 was the print! Not sure if this short/profit taking or maybe even note supply is done yet?
Definitely strong recovery from the lows BUT sure seemed MM CDEL had to make sure the weekly candle stayed red?
Check the weekly view
https://stockcharts.com/freecharts/gallery.html?mrge
Have a good weekend everybody and to ALL enjoy a cold beer or smooth tequila, well deserved!
I had 10k fill @ $0.397 but then also bought earlier some @ $0.56
This certainly made a LOT of investors panic sell! Let’s hope most “slept” through this and didn’t get stopped out
Agree
1.30 pm
2 mio volume
MM VERT showed up and absorbed quick 150k+ so time to buy ;)
Today has been some exceptional avg trade size! Looks to be a single seller with favorite 100k sell size pushing lower into BIDs.... my count at least 7 or 8 100k blocks were sold from the same seller close to 1/2 today’s volume
Time to add some ;)
$0.56 was good enough IMO
MM ASCM boxing MRGE price in (high BID & low ASK) likely shorting the last spike in price without any official news they can find.
Pattern is similar to 10/27 the last price spike. MM ASCM shows up and boxes price in always showing 1k size BUT much deeper.
Then you have other MM like CDEL CSTI and ETRD posting bigger size sell blocks mostly 50k and every time a lower Ask block gets posted MM ASCM jumps to a new lower ASK ....
Walking price lower
Works UNTIL buying volume shows up and buys size some of the offered blocks. The effect is that traders and short term holders take profits and some investors sell scared of the sell blocks.
It’s okay! It’s totally normal and builds new higher support levels!
Reminder, think about WHO is buying these 15k, 20k and just now 160k+ blocks of shares offered!
Well Happy Birthday!
You sold 875,000 shares into the recent rally without any news and are complaining that the company didn’t release any PR?
Who cares if some anonymous poster made some rosy predictions? You sold 90%+ of your shares into the so called rumors with excellent profits!
You call it rumors I call it excellent DD on this board by dedicated shareholders who are sharing their own DD on this board!
Stop complaining please!
First 2 hrs of trading and compared to last couple trading days REAL low volume 150,000 so far.
Last couple min MM ASCM became active moved his Bid Ask spread higher, joined onto current BID @ $0.65 and moved ASK from $0.6745 up to $0.715.
Only minor profit taking of 5k or 10k blocks today by MM CDEL and MM ETRD and only one substantial ASK block currently visible @ $0.72
Need some buy volume on ASK side and could push above $0.70 close IMO
Nice! Big ASK chomp 80k+ takes $0.70 out
Plenty of supply offered @ $0.70+
MM CSTI 80,800 @ $0.70
MM ETRD 69,154 @ $0.72
MM CDEL 52,000 @ $0.75
And MM GTSM posted 50k block earlier @ $0.70 as well that’s probably still there too
Clear resistance unless some monster ASK chomps come in IMO
The newer updates from November are below in the thread
Programa Istmo Facebook
https://m.facebook.com/1276683332492010/videos/691539741765020/
If new size buyers looking for entry here is your chance!
MM CDEL offering plenty of 50k blocks for sale!
Over 1mio shares first 30min! That’s a LOT of interest brewing here!
Everybody understands sellers taking profits here.... BUT ask yourself what are the BUYERS here looking at? WHST do the buyers KNOW what does their DD provide to BUY HUGE here
Not yet! Lol
Bought $0.59, $0.61 and $0.63
HUGE volume! 850,000 shares first 20min