Mirage Energy Stock Extends Rally, Up 170% in 2-Week

The energy sector has been going through for some time now, and many of the companies involved in the sector have struggled one way or another. This morning, the Mirage Energy Corp (OTCMKTS:MRGE) has emerged as one of the early movers, having rallied by as much as 10% following an important announcement from the company. 

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Retains Rubenstein Public Relations As Agency Of Record

The company is involved in the storage of natural gas and its transportation. The company, with its three subsidiaries, is involved in the development of an integrated pipeline that connects the United States and Mexico. However, the announcement from Mirage this morning had nothing to do with its core business operations. 

The company announced this morning that it had retained Rubenstein Public Relations as its public relations agency, and the news has been welcomed by the market with great enthusiasm. Mirage is looking to use Rubenstein Public Relations’ wide media connections and specialization in the energy and logistics industry to boost its brand positioning in a big way. 

It will also help Mirage improve its brand messaging at a time when it is in the process of building one of the biggest natural gas pipeline and storage projects. It is one of the biggest in North America and is supposed to be a boost for both the economies of the United States and Mexico. 

Debt Financing

However, it is also necessary to keep in mind that there have been other important announcements from Mirage in recent times as well. Back on June 17, the company announced that it, along with Northern Hemisphere Logistics Inc, signed a debt financing deal worth as much as $4 billion with Bluebell International LLC for three highly ambitious projects. One of the projects is pertaining to the Burgos Hub Storage & Natural Gas Pipeline, which will facilitate the transportation of natural gas between the United States and Mexico.

The project will also include Mexico’s very first underground natural gas storage facility.  The second project is related to a natural 48-inch natural gas pipeline connecting Reynosa in Mexico to Neuvo Pemex. The third project in question is a bi-directional 30 inch and 48-inch pipeline traversing the Tehuantepec Isthmus of Mexico. As per the terms of the loan, the equity, there is going to be an equity split of 75% to Bluebell International and 25% to Mirage and Northern Hemisphere at no cost. 

It is one of the more ambitious projects undertaken by Mirage, and it could generate a lot of excitement among investors. Mirage had also announced back on June 11 that it signed an agreement with the Energy Agency of the State of Puebla for its pipeline infrastructure project, and that is, without a doubt, another step in the right direction as the company readies to embark on the ambitious project.

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