Friday, July 22, 2022

Sempra Partners With Mexico's Federal Electricity Commission -- July 22 , 2022

Link to Hart Energy

Sempra Infrastructure agreed to potentially develop an LNG terminal in Salina Cruz, Oaxaca, with Mexico's Federal Electricity Commission (CFE), a press release announced on July 21. 
The partnership signed a memorandum of understanding (MOU) on Jan. 31 to develop proposed projects, such as the Vista Pacífico LNG projecct in Toopolobampo, Sinaloa. 
On July, 21, 2022, the companies expanded the MOU to explore the potential development of the Oaxaca LNG terminal, promoting economic growth and development in southern-southeastern Mexico.

Open book test. Are people trying too hard? 

SRE:

  • market cap: $48 billion
  • p/e: 50 (wow)
  • trades at $155
  • yields: 3%

AAPL:

  • p/e: 25
  • trades at $155
  • yields 0.6%
  • okay

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