Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (17958)	12/17/2013 3:04:03 PM
From: chowder	Read Replies (1) \| Respond to of 34328

Regarding LNG mega-investments. That would include owning D and SRE I would assume. I've already added to D but SRE is way out there in price. I can't justify a purchase here. ... Ha! Ha!

To: JimisJim who wrote (17958)	12/21/2013 11:17:08 PM
From: Aggie	Read Replies (2) \| Respond to of 34328

Hi JimisJim, As I mentioned, I think the ground work for the Mexican Oil Revolution has been laid for some time. Some tidbits from this past week: MEXICO 11-Dec-2013: Mexico's Senate has passed an energy bill to allow private oil companies to operate in Mexico. Foreign oil companies are now closer to having the ability to negotiate contracts independently with the state or in partnership with PEMEX through production-sharing, profit-sharing contracts or licensing. The bill will now pass to the lower chamber for voting, where it is expected to be approved, ending a 75-year PEMEX state oil monopoly. MEXICO 12-Dec-2013: Mexico's Congress has now approved the energy reform bill passed by the Mexican Senate on Wednesday, according to media reports. Before the bill can be signed into law by President Enrique Pena Nieto, it must be ratified by 17 of Mexico's 31 state legislatures. The energy reform will change Mexico's constitution to allow private companies to operate in Mexico through licensing, profit-sharing and production-sharing contracts. Concessions will still be prohibited, but companies will be allowed to post reserves as long as they specify in the contracts that all oil and gas belongs to Mexico. USA GULF OF MEXICO/MEXICO 19-Dec-2013: An agreement between the US and Mexico concerning transboundary hydrocarbon reservoirs was passed in the US as part of the Bipartisan Budget Act on December 18, 2013. The agreement between the two countries was originally signed on February 2012, with it being ratified in Mexico in April 2012. It was approved in the US House in late June and in the US Senate in October and is now part of the US 2014 Budget Act. This last deal would allow for cross-border gas / oil fields to be unitized and developed jointly. I would call the pace of these accomplishments 'brisk' - n'est pas? Regards to all Aggie