Tuesday, May 09, 2017 6:06:17 PM
In Mexico, they just deregulated foreign energy imports, mainly because of the shortage. They currently ship most it from Gulf coast refineries. HUGE market in Mexico.
Over the last several years FerroMex has invested millions in RR upgrades in TX, rail yards, rails, new engines and cars, and is rebuilding the bridge on the boarder near the town Presido, partly paid for by TxDOT. promoted by TX senators, see link. TX Gov helped pay!
btw TxDOT actually owns the rail line to the border, Texas Pacifico(ferromex) leases it from TX.
You see, they know the market will come back, oil market fluctuation is a normal cycle for them, and they're gearing up for the new boom.
Texas Pacifico is currently still in discussions with MMEX for rail transport, I have no doubt they already have a LOI lined up and pending.
http://www.texaspacifico.com/index.html
http://www.ferromex.com.mx/index-eng.jsp
https://hurd.house.gov/media-center/in-the-news/txdot-funds-new-lanes-presidio-ojinaga-bridge
http://www.bizjournals.com/sanantonio/news/2017/01/04/mexicos-gasolinazo-could-be-an-opportunity.html
one big happy family
MMEX is black gold, no matter how you look at it.
I have just under a million shares.
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