Energy projects fueled by natural gas dominate Mexico’s second public-private infrastructure plan announced by government and business leaders on Find the latest AbbVie Inc. (ABBV) stock discussion in Yahoo Finance’s forum. Share your opinion and gain insight from other stock traders and investors. Sign in
Energy projects fueled by natural gas dominate Mexico’s second public-private infrastructure plan announced by government and business leaders on Monday.
Worth a total of 228 billion pesos, or around $11 billion, the second package includes 29 projects in energy, telecommunications, roads and water. It is part of a broader infrastructure plan aimed at jumpstarting the sinking economy.
“It’s very important that the public and private sectors and civil society are coming together to push economic growth in our country, creating jobs and wellbeing,” President Andrés Manuel López Obrador said. “This will help us get out of the economic crisis soon.”
Mexico should return to pre-pandemic economic levels in the first quarter of 2021, the president said.
There were nine energy projects worth 116 billion pesos, or $5.8 billion, in Monday’s announcement, all focused around natural gas.
The Finance Ministry included in the list six combined-cycle plants. The Baja California Sur, Tuxpan, González Ortega, Mérida, San Luis Río Colorado and Valladolid projects are worth a total of 59 billion pesos ($2.95 billion) in investment.
The plants are to be developed by Mexican state utility Comision Federal de Electricidad (CFE), which holds the majority of natural gas capacity in the country. Works are planned to begin in August, according to a Finance Ministry presentation.
The plan also includes a natural gas pipeline crossing the Mexican isthmus to be developed by CFE and Corredor Interoceánico del Istmo de Tehuantepec (CIIT) worth 9 billion pesos ($450 million) with construction slated to start next July. The natural gas processing station Tecolutla Lerdo was also included in the package.
The highest-value project included in the list is the Energía Costa Azul (ECA) liquefied natural gas (LNG) joint venture being developed by Sempra Energy subsidiaries Sempra LNG and Infraestructura Energética Nova (IEnova).
ECA, the first LNG export project in Mexico to be sanctioned, is expected to begin work in January with total investment of 47 billion pesos, or around $2.4 billion, according to the Finance Ministry.
[Want to know how much natural gas is being imported into Mexico? Check out NGI’s Mexico Natural Gas Flow Tracker.]
The project would source U.S. gas, and it is expected to have an advantage over the U.S. Gulf Coast LNG facilities because vessels do not have to traverse the Panama Canal.
ECA includes a $400 million pipeline in Mexico. The plant would be built adjacent to the company’s existing ECA LNG receipt terminal near Ensenada.
During the official launch of the program, Finance Minister Arturo Herrera and the head of business chamber Consejo Coordinador Empresarial (CCE), Carlos Salazar, singled out the importance of the ECA project because of the size of the investment.
“The energy sector, which we’ve talked so much about, now has substantial projects planned,” Salazar said. ECA is “enormous,” and a third packet of projects is being finalized.
In the first packet of projects announced in early October, Mexico’s government included an additional LNG export project.
The Salina Cruz natural gas liquefaction project would require 25 billion pesos ($1.2 billion) in investment and be spearheaded by CFE and La Administración Portuaria Integral (API).
Mexico imports most of its gas from the United States, which means most of the projects listed would require imports for their needs.
Of the 39 announced projects announced in the first packet in October, 10 are already underway, according to Mexican officials.
December 1, 2020
AbbVie Inc. (ABBV) Stock Forum & Discussion – Yahoo Finance
For patient investors, ABBV is a profit machine. Got in way back in the 60s and sold in the 120s. Bought back in and am up 12% the second time around.
We shareholders gotta love the two successful Phase 3 results announced this week for two different drugs, hence the nice runup these last two weeks, one for chronic lymphocytic leukemia an d the other for chronic colitis. Nice work you research folks.
Being lower middle class I don’t have that many shares -200-, but am glad to have them.
Got in at $82 and have collected the dividend several times and am looking forward to the next.
Cowen and Company raises price target from $105 to $120.
Great news for RINVOQ, on their way to replacing Humira sales.
ABBV is the gift that keeps on giving. Both in the form of big capital gains since my buy in the mid 70s and in the form of a giant well supported dividend. The two combined have longs like me drowning in cash. This and AVGO are the only two stocks I own that are both capital gains machines and provide a generous income stream.
is abbv a good long term dividend play?
52 week high Terry. Time to get high and go HIGHER!
This could be a nice catalyst,
Dec 01, 2020
AbbVie to Host Virtual Immunology Strategic Update
NORTH CHICAGO, Ill., Dec. 1, 2020 /PRNewswire/ — AbbVie (NYSE: ABBV) will host a virtual immunology strategic update for investors on Monday, December 14, 2020 at 9:00 a.m. Central time. Richard A. Gonzalez, chairman of the board and chief executive officer, and members of the executive leadership team will present on AbbVie’s immunology business and pipeline.
I guess it took a day for people to realize all of the fantastic news that came out over the weekend.
this week abbv is supposed to start flying as they discuss the huge pipeline and how well its proceding to boost cash flows
Up 1% on a poor day for the stock market in general. Poor joe must be messing himself.
somebody just bought in big, 10 million shares traded after close, more than the volume during the trading day..
What a beautiful stock with a wonderfully safe dividend
I said when I bought at $83 & change, that ABBV would be at $120-121 by Christmas…
UBS goes to $124 from $118
Forward PE is still proving that the stock is dirt cheap at 10.24. !
ABBV has once again passed ABT in price. Good day for little joe the troll because next time ABT passes ABBV he can post that he predicted this years ago.
The ABBV train has left the 5+% div yield station… sorry if you missed it, but we hollered all aboard. Down the line for me is 2-bagger junction….%^ )
May add today if it’s down, say, to 107 or below. Doesn’t have a negative effect on my cost/profit basis.
ANYONE here into investing in another Pharma going cheap? GILD comes to mind? Views.. analysts have $73-76 for next year
Highlights from the Ratings and Financial Report for EHang Holdings Limited (EH)
EHang Holdings Limited (NASDAQ:EH) went down by -4.30% from its latest closing price compared to the recent 1-year high of $24.38. The company’s stock price has collected 40.74% of gains in the last five trading sessions. Press Release reported on 12/10/20 that EHang Launches Aerial Media Solutions and Services in Europe
Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for EHang Holdings Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $82.70, which is -$5.93 below the current price. EH currently public float of 31.62M and currently shorts hold a 1.54% ratio of that float. Today, the average trading volume of EH was 470.27K shares.
EH stocks went up by 40.74% for the week, with a monthly jump of 103.77% and a quarterly performance of 108.94%, while its annual performance rate touched 51.56%. The volatility ratio for the week stands at 21.25% while the volatility levels for the past 30 days are set at 13.13% for EHang Holdings Limited. The simple moving average for the period of the last 20 days is 35.22% for EH stocks with a simple moving average of 77.38% for the last 200 days.
Many brokerage firms have already submitted their reports for EH stocks, with Needham repeating the rating for EH by listing it as a “Buy.” The predicted price for EH in the upcoming period, according to Needham is $14 based on the research report published on February 07th of the current year 2020.
After a stumble in the market that brought EH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.35% of loss for the given period.
Volatility was left at 13.13%, however, over the last 30 days, the volatility rate increased by 21.25%, as shares surge +101.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +135.45% upper at present.
During the last 5 trading sessions, EH rose by +40.74%, which changed the moving average for the period of 200-days by +71.31% in comparison to the 20-day moving average, which settled at $14.48. In addition, EHang Holdings Limited saw 76.09% in overturn over a single year, with a tendency to cut further gains.
Current profitability levels for the company are sitting at:
The net margin for EHang Holdings Limited stands at -39.85. The total capital return value is set at -23.38, while invested capital returns managed to touch -24.22. Equity return is now at value -18.00, with -11.70 for asset returns.
Based on EHang Holdings Limited (EH), the company’s capital structure generated 12.15 points at debt to equity in total, while total debt to capital is 10.83. Total debt to assets is 8.42, with long-term debt to equity ratio resting at 10.44. Finally, the long-term debt to capital ratio is 9.31.
When we switch over and look at the enterrpise to sales, we see a ratio of 12.05, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 2.84 and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.48.
Author: Ethane Eddington