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Didn't Penny post something similar because of articles, assuming MRGE was involved. Penny, I love your enthusiasm. I really pray your conviction pays off for you in a huge way!
Sorry, what is a MOU?
Why is TDA not allowing purchase of this stock? Got this:
No opening transactions are allowed on securities affected by amendments to SEC Rule 15c2-11
We didn't get a notice, and our broker is TDA. What is going on?
Until a glass is completely shattered, the glass is still 1/2 full. I'm not a 1/2 empty kinda person, and I refuse to believe it's over until there's proof that it is. Sure, there is lots of negative speculation, and I understand why. However, no matter how ugly things may look, I try to give everyone the benefit of the doubt, yet I'm not shocked if human beings fail. Giving the benefit of the doubt really isn't that painful to do. IF MW is as evil as some say that he is, that is on him, and he has to answer for that. I will go on, and so will the rest of us.
Articles such as these continue to give me hope that we are in these projects somewhere, and guess what? It didn't hurt me to hope. And I also pray for us all that we will end up very blessed from the outcome!
I hope everyone has a great week!
As I said, I'm really new to all this, so thanks for your input...I'm learning as I'm going! I pray this all gets pushed over the finish line soon, for all our sake!
I know I'm not a mature investor, and green around the ears, but trying to look at this objectively as possible...
IF the end game is to get these projects across the finish line, & a possibly buyout, from what I can tell from some of your posts from the past, would it be he thinks why go through the paper work end of things if he's going to walk away a rich, retired man?--in other words, why not let the next company take care of it all instead of him?
Personally, I wouldn't run things that way (I don't think), but I tend to look at the glass 1/2-full, so I'm trying to give him every last benefit of the doubt that we can. Maybe he thinks the end to all these trips to Mexico is coming to a close, and that our end is coming to a close as well.
I know ... I wear pink glasses.
Andy and Penny, you guys are awesome! I don't post a lot, but I appreciate your posts.
I read this statement:
If anyone is having issues buying restricted stocks online with @CharlesSchwab, all you have to do is call Schwab and a broker will place your trade with no fees until they update their restricted list.
Does anyone know if this is true or not? Has anyone tried to buy MRGE this way?
Thanks for reaching out to Michael. Instead of all the speculation, leading to even more frustration, I think it's better to go directly to the horse and hear it from him. Good for you! I know I appreciated hearing something, too.
Yes. You're right!
It definitely happens, but it's very sad!
I can't agree with your thoughts enough. And if he would scam his family AND friends, those who've stood behind him, he would be scum in my eyes.
I had to rub my eyes when I saw our MRGE account. lol! What a nice surprise! I pray it holds & continues to head in the direction of UP!
It's ok to have fun & goof off sometimes! Shoot, there's enough crap in the world!
I believe that as well! I truly have been praying for all of us!
I couldn't resist.
I do agree with you, and am backing you up.
Let's just say there is a worse case scenario. If that happens, it's on ME. I chose to stay in this long. No one forced me to, including Michael.
I will hope and pray for the best for everyone's sake.
I really hope we'll all be on the upside before the 28th.
I don't know legal repercussions, but if Michale / MRGE is sued, and on the other hand, things shake out like we're hoping where Mexico is concerned, wouldn't that tie up potential $$ for who knows how long?
Speaking of Andy ...
I personally looked him up and asked him his thoughts. I won't speak for him, but he's still in it with us.
Thank you!
Curious ... I was under the assumption reading all your posts that we were unable to purchase MRGE stock, is that correct? I was shocked to see the stock Green.
TRANSLATION:
Mexico City - The Federal Electricity Commission (CFE) faces a problem with imported natural gas: it contracted transport capacity that exceeds its needs by more than 35%, but has already defined a plan to reverse it and this includes the Asian market, The CEO of the CFEnergía subsidiary, Miguel Reyes Hernández, tells in an exclusive interview for Bloomberg Línea.
Three days ago, the gas and other fossil fuel trading company summoned the private sector to learn of its interest in developing a natural gas liquefaction and storage project in Oaxaca, one of the poorest states in the country.
CFEnergía, at the same time, intends to tender and finance the construction of a gas pipeline that goes from Coatzacoalcos, Veracruz to the port of Salina Cruz to guarantee the supply of US fuel, so that a company can liquefy it in a plant and export it to the markets of India, Japan and South Korea, in addition to other possible additional markets, explains Reyes.
Today the state-owned company pays to transport 8,000 million cubic feet a day of natural gas from the United States, but it only moves 4,600 million for its power plants and gas that it sells to other companies, he says. “They gave us a liability. We need to turn it into an asset with a business vision ”.
Reyes refers to the fact that during the government of former President Enrique Peña Nieto, the CFE contracted capacity for 15 and 25 years with gas pipeline construction companies without the corresponding power plants, and although the company is currently in the process of bidding for six cycle power plants Combined gas and steam, it would still have excess capacity.
The manager comments that even placing the gas surplus in the national industry, alleviating the contained demand like the one in the Yucatan Peninsula, is not enough.
"We require additional strategies so that this offer can be fully used in the country," he says.
Alliance with the private sector
The expression of interest proposes the construction of a plant with a capacity to liquefy 430 million cubic feet per day or 3 million tons per year, but Reyes says that it can be up to 1,000 million cubic feet, which requires an investment of between US $ 1,000 to 2,000 million and with a deadline in 2024.
In addition to the price of energy, CFEnergía would charge transportation from the United States to the point of delivery and a profit margin, through a take or pay contract. Interested companies would own the plant and its capacity, taking charge of the operation and maintenance, as well as the commercialization of Liquefied Natural Gas (LNG) with other companies to take it to Asia.
The gas pipeline must have the conditions ready for the interconnection of industrial parks in the future, considering a capacity of 50 to 70 million cubic feet per day for future industrial parks, the announcement details.
The third axis would be the construction of a maritime services terminal in alliance with the state company Corredor Interoceánico del Istmo de Tehuantepec (CIIT) with a minority participation for interested companies of 49%.
“The share percentages can be negotiable, we would not be participating as partners, but the Broker. What we would do is own the gas pipeline and guarantee that it reaches the (private) plant, ”says the manager.
Bloomberg Línea asked about the possible impact on the interest of private companies in the plan, derived from the friction that the company had at the beginning of 2019 with the gas pipeline construction companies IEnova (a subsidiary of Sempra Energy), TC Energy and Carso Energy ( de Carlos Slim), which culminated in the renegotiation of rates and extension of contracts. Reyes Hernández rejects that private companies have a negative impression towards the state company.
The shortage crisis in Texas due to the winter storm in February caused multiple legal disputes between private companies in the United States where lawyers are the main beneficiaries, recalls the manager, but when these types of conflicts end, the companies return to do business with each other. if they see an opportunity.
“We have the highest Foreign Direct Investment (FDI) in all of history. We have a good relationship with companies in the sector. We hope and hope that this type of project can be carried out ”, he declares.
Read more: Foreign Investment in energy shows darkness in Mexico
Risks
The CFEnergía executive considers that the main risk of the plan is that the works are delayed before the end of the presidential term of President Andrés Manuel López Obrador (AMLO) or that the companies have no interest.
We make a demonstration not to compromise resources of the Mexican State before it is actually feasible, ”he declares.
More chances
The head of CFEnergía recognizes that even with the Liquefied Natural Gas project, it still has excess capacity available, so the company's objective is to have increasing access to natural gas by the residential sector, where only 7 % of Mexican households use it.
In August, López Obrador opened the possibility of bringing natural gas to the domestic sector as a substitute for Liquefied Petroleum Gas (LP), one of the main headaches of his government due to the rise in raw material, propane, and distortions in the price for high profit margins of private distributors.
The subsidiary company wants to enter more industrial parks and cities, but through alliances with natural gas distributors.
When I asked Reyes for the conclusions of the National Center for Natural Gas Control (Cenagas) on the need for strategic storage of natural gas, after the supply crisis in February, he responded:
“It is correct, we are working hand in hand with Cenagas in strategic storage. We will be giving news soon between Cenagas and CFE ”, he concludes.
He may interest you:
Natural gas: the great risk in Mexico is the lack of storage
Fintechs in Mexico go shopping amid pandemic
Dos Bocas refinery is 53% complete and less than a year to open
Thanks for your candor and thoughts, Penny. I truly pray every one of us invested in MRGE walks away happy and blessed.
Now that 'Smells like confidence to me.'
I pray this all works out nicely for you and everyone else who has hung on.
Yes, I hope Jetfan explains, too.
I agree!!
Love your artistic writing! I smiled as I read your post. Thank you! Many posts in here leave me sneering.
SEC cleaning house ... recognize any of these stocks?
https://t.co/3YQqq8LL0o?amp=1
Personally, I'm not counting any chickens until they're hatched, but nothing wrong with me hoping and praying we can get there by this Friday!
I liked the late July part, but I liked this: "discuss it calmly ..." lol!
You're welcome!
I thought so as well!
The Translation:
The priority for Carlos Salazar Lomelín, president of the Business Coordinating Council (CCE), in his last year at the helm of the organization, is to accelerate the economic recovery, after the fall of last year, and although he trusts that in 2021 the GDP will grow more than six percent are concerned about the slowdown in the country's vaccination program.
The businessman assures in an interview with El Sol de México that the private sector hopes to present the third infrastructure development plan before the end of July.
-What are the objectives that he has set for this period at the head of the CCE?
-It is very clear that the first and most important objective at this time is economic recovery. And this is closely related to vaccination programs. We need this to accelerate, we have offered our collaboration, we have shown that we are effective, the opportunity given to us to organize the vaccination program in the state of Toluca, we were very efficient in doing so, more than 150 thousand people were vaccinated, with 53 companies organizing this program. So, we are waiting to be taken into account, we have raised our hands. This is the first priority for economic activity to recover. We see that it is possible to have a growth of over six percent this year, to recover part of what was lost the previous year, and it will depend a lot on how effective we are with the vaccination campaign. The second priority is in the recovery programs, that is why our insistence on infrastructure programs and we are also working on the fiscal program, which on the other hand, will have to be presented to Congress in September. We are very active with these types of activities and have a very good relationship with all the secretaries of state, especially with the Ministry of Finance.
- On the subject of vaccination, the pace has already dropped, isn't that a concern for economic reactivation?
-That is why we have offered our support, but let it not only have decreased, we know that the pandemic continues, there are cities in the country that have once again had to modify the colors of their traffic lights. Infections are increasing and that forces us to be faster in what we are achieving.
-What happened to the infrastructure plans? They had told us that they were going to present one per month, but for a long time there has been silence on the subject.
-We are working. We have commented for several weeks that during the month of July the third package of the infrastructure plans would be ready. It has also been delayed due to the change that is taking place in the Ministry of Finance. We had been working closely with Arturo Herrea, and obviously right now the priority of the Treasury is the transition between the two secretaries, between the secretary Rogelio (Ramírez de la O) who is entering. Well, we had to leave the plans to be able to discuss it calmly and also wait for the arrival of Rogelio Ramírez de la O. However, we do believe that this announcement will arrive during July.
-Has there already been advances in what you have already presented?
-On what we already presented, that has continued walking, we will also inform when the announcement of the third package is given, what is the status of the other two packages that we have reported.
- Have you already had a previous approach with the future secretary?
-I have had the opportunity to talk with him, among the things we have talked about is how the infrastructure programs are going, what kind of collaboration are we going to organize between the private sector and the Ministry of Finance, give continuity to everything we have been talking about and working together with the secretary Arturo Herrera, among them, and very importantly, the fiscal modifications that we have been discussing through the Fiscal Commission of the Coordinating Council and the team that has designed the Treasury for this matter.
-Has there been an opening by the future secretary Ramírez de la O?
-Totally, we believe that we are going to give continuity to a very good relationship that we have established with the Ministry of Finance.
-Do you see it better or do you see it the same?
- I see it the same, because with the Treasury it was very good, the truth of things.
-There is the issue of outsourcing regulation. How are they doing, are they struggling to meet the times?
-We have a meeting with the Secretary of Labor and one of the issues that we are going to present to you is that some entities where records have to be made are not working as efficiently as we would like and this delays the records of our associates. So, I think we can figure it out these days.
-Are they asking for an extension?
-No, no, no, what we are asking is that the authority comply with the speed it has to comply with.
I almost said something about that, but I didn't want to give my age away :)!
I still have a lot of learning ahead of me. Thank you for this!
Just dropping in to say how exciting! I pray this all works together for good for everyone.
There you are :) I pray we all see $5.00 or more. Why not?!
No one is perfect, right? UREC might have missed it before, but got it this time, even if it was wishful thinking and even if it is short lived. Good for him/her.