Mirage Energy Corp (MRGE)

[Andyman23]

Good afternoon everyone, some bullish encouragement:

The TX freeze and the subsequent natural gas shortages for MX opened a door that had been (unbeknownst to us) shut. Looking back, there was more than enough information out there that stated the fact plainly. Probably for our benefit that we missed it and stayed the course! We can now confidently say its behind us by looking at what's ahead. Below is a comparison of Ward's statements from the July 2020 article, "Mirage bets on Mexico’s gas storage needs over wants" with what the CFE decided two weeks ago to place back in their business plan. They essentially quote Ward verbatim!

July 2020 Article Covering Mirage:
Although the commercial storage facility would be near plentiful and cheaper pipeline gas from the US, it would also give buyers the option to take advantage of price differentials and serve as a cushion against disruptions. "We are developing on a commercial basis, but this also gives strategic value to the nation."
But Mexico's energy ministry in a plan through 2024 recently signaled that it does not necessarily want much more natural gas storage for now. It will instead focus on having enough to reduce costs for system balancing, which includes maintaining correct pressure on the pipelines. Nor does it desire all outside investment under the terms set up by the previous presidential administration, which aimed to build 45 Bcf (1.3bn m³) of natural gas storage by 2026.
Yet Ward is optimistic that officials will eventually come around to gas storage needs.
source

7 MONTHS LATER:

CFE's 4 Short-Term Strategic Actions as listed in their official bulletin:
Include storage in the commercial and operational strategy of the company, to minimize the negative impacts of abrupt movements in prices and drastic variations in the volumes requested by Mexico to generate electricity. It would provide greater operational flexibility and represents a protection mechanism against price volatility. Additionally, storage has strategic value, since it constitutes a way to maintain natural gas reserves to face contingencies in Mexico. At the same time, it provides operational flexibility and represents a protection mechanism against price volatility.
source

This journalist for El Universal stated it plainly on 2/25:
The projects for the underground storage of natural gas , which were already outlined in the previous administration, were scrapped by the current administration, probably both because of supine ignorance and because private investment was required . Although now yes, the child has drowned to plug the well: the government has just announced that it will resume the natural gas storage projects.
Source