Why Natural Gas Is The Most Important Fuel Of the Next Decade

Why Natural Gas Is The Most Important Fuel Of the Next Decade

Natural gas could be the single most important energy source of the next decade. 

For investors who want both profitability and longevity, the natural gas sector is the very first place to look.

The math is simple: 

Big banks are fleeing oil. 

The coal industry is in terminal decline. 

And renewable energy is years or even decades away from meeting global demand.

So while the multi-trillion-dollar ESG trend is cutting off financing for oil and coal, the global energy transition to renewables is helpless without a bridge fuel.

A fuel that is abundant, cleaner than oil or coal, and cheap to produce.

That fuel is natural gas. 

Big money is banking on this bridge. 

And the trend has already begun, with some players racing to one of the most profitable natural gas frontiers in the world… Colombia.

A combination of skyrocketing demand and falling supply have left the Latin American nation desperate for the world’s most sought after transition fuel, making it a great case study for the coming global natural gas resurgence.

In fact, while prices for natural gas in the U.S. have spent most of the year below $2 per thousand cubic feet, prices in Colombia have climbed as high as $7/mcf. 

That’s a 250% premium on a resource that costs roughly $0.60 to produce and transport to the market. [seems low as the proposed pipeline tariff is $.70]

Colombia truly is a producer’s paradise… 

And right now, a top exploration and production team in this most profitable venue is NGX Energy International (TSX.V:GASXOTCMKTS:PENYF). 

With one of the most successful management teams in the Colombian E&P space, working in one of the best natural gas frontiers on the planet, NGX is likely to be the first of many natural gas success stories in the coming years.

Natural gas is the near-term future of energy, and Colombia’s government is fully behind it.

Colombia: The Big Margin Bonanza

Colombia’s natural gas prices are some of the highest in the world. Imagine gas contracts at $5/mcf and above, or spot prices that reach to $7/mcf.

And then imagine near-zero volatility. 

Three charts tell the whole story: 

Why Natural Gas Is The Most Important Fuel Of the Next Decade

Colombia’s natural gas supply is about to be cut in half at a time when demand is set to rise over 50% …

Why Natural Gas Is The Most Important Fuel Of the Next Decade

Existing producers can’t keep up …

Why Natural Gas Is The Most Important Fuel Of the Next Decade

And prices are strong: Take a look at the prices (after transportation) that Canacol (CNE-TSX), one of the biggest producers in Colombia, has been getting for its gas, consistently: 

Why Natural Gas Is The Most Important Fuel Of the Next Decade

Now, consider that amid the skyrocketing demand, declining supply and high natural gas prices, Colombia’s proven reserves are dwindling … Proved gas reserves are almost half what they were in 2009.

Why Natural Gas Is The Most Important Fuel Of the Next Decade

That means it desperately needs another major discovery. 

It’s the perfect setup for NGX Energy (TSX.V:GASXOTCMKTS:PENYF) … which is parked right next to one of Colombia’s biggest producing natural gas plays … giant Ecopetrol’s Chuchupa: 

Why Natural Gas Is The Most Important Fuel Of the Next Decade

And that play is in major decline. 

Nothing more poignantly illustrates Colombia’s natural gas conundrum than this. Chuchupa has produced nearly half of the country’s gas–for 35 years. 

3 Blocks–All of Them Potential Kingmakers for Colombia 

NGX Energy owns 3 key natural gas assets that could end up generating many times in cumulative cash flows compared to its current market valuation…

Why Natural Gas Is The Most Important Fuel Of the Next Decade

#1 Maria Conchita

Maria Conchita is a 32,518-acre block located in the Guajira Basin in Colombia’s Caribbean coast. 

This is the block right next to giant Chuchupa to the north.

NGX has completed 3-D seismic testing on Maria Conchita and successfully re-entered its first well hitting substantial gas projected to yield 14 – 20 MMcf/d with 2 additional re-entry wells and 3 new wells planned in the near-future. 

#2 SN-9

The SN-9 block is NGX’s flagship exploratory 311,353-acre block, in which NGX has a 72% interest. 

And again, it’s the closelogy. This block is adjacent and upstructure to Canacol Energy, Colombia’s largest independent gas producer, which has booked natural gas reserves of 624 Bcf and production of 200 MMcf/d.

The news flow on this one should also be fast-paced, with NGX about to start drilling and seismic already indicating gas. 

Why Natural Gas Is The Most Important Fuel Of the Next Decade

It will be drilling up to four conventional exploration wells here in the initial phase to depths of 4,500 – 6,000 feet and at a budgeted cost of $4.5-6 million per well for completion. 

But the full drill will be 36 wells and NGX is hoping to hit up to 1 trillion cubic feet based on management’s best-case estimates.  

NGX (TSX.V:GASXOTCMKTS:PENYF) is anticipating potential production from this block at 180 MMscfd based on management estimates. That means it’s another potential Canacol–but with a tiny market cap company, so the upside potential is huge if it reaches its target. 

#3 Tiburón

Tiburon is NGX’s blue sky exploratory project with huge potential capacity of up to 2Tcf of natural gas (based on management estimates) thanks to its location sitting in the same basin as Chuchupa and surrounded by massive offshore discoveries Orca and Perla. 

Why Natural Gas Is The Most Important Fuel Of the Next Decade

NGX is estimating Tiburón’s peak production potential at 400 MMscfd–for 10 years. That’s twice the production of Canacol, Colombia’s largest independent gas producer. 

It’s a huge undertaking, which means NGX will be looking for a multinational partner to help develop this one after shooting 2D seismic. 

Getting It Across the Finish Line

When you’re sitting on a huge natural gas play in a country that desperately needs new reserves, with soaring demand, declining supply and solid prices, one thing that can trip you up as a junior E&P company is management.

In this case, we’re looking at a management team that’s made shareholders a ton of money before. 

Even better: They’ve done it before in Colombia. 

NGX’s board has some serious pedigree. They come as former executives of the region’s largest oil and gas company, PDVSA (Petróleos de Venezuela).

They know oil and gas on a supermajor level, and they know politics, and Latin America, too. 

They not only know Colombia, but they built up a major Colombian oil and gas play–Pacific Rubiales–14,000 bpd to 330,000 bpd in only four years. 

In 2006, Rubiales–led by the same people–acquired a massive land package in Colombia, in La Creciente. It was the second largest natural gas field in the entire country. 

NGX executive chairman Ronald Pantin held various senior executive positions at PDVSA and was CEO and Executive Director of Pacific Rubiales from 2007 until 2016. 

Federico Restrepo-Solano is the Director & President of NGX, and partner and corporate director at Qvartz Capital Partners private equity fund. He’s got more than 25 years of experience mining, oil and infrastructure, including as Senior VP of Corporate Affairs at Frontera Energy, President of Colombia’s national federation of coal producers, Fenalcarbón. Importantly, he’s also served as a representative for Colombia before the Inter-American Committee on Ports, in Washington DC. 

Serafino Iacono, NGX CEO, has over three decades of experience in capital markets and public companies and has raised more than $4 billion for numerous natural resource projects internationally. He serves as an Executive Chairman at Gran Colombia Gold Corp and former Co-Chairman and Executive Director of Pacific Rubiales, among a long line of other high-profile executive roles. 

These guys are the Who’s Who of major energy plays in Latin America. They’ve done this in Colombia before. They’re likely to do it again–only this time the play could be even bigger. It’s less remote. It’s surrounded by huge producers. It’s got a lot more infrastructure in place. And the macro picture for Colombian natural gas is a producer’s dream. 

If it all comes together, they are positioned to become the kingmakers of Colombia’s natural gas industry. 

The Clock Is Ticking in Natural Gas Ground Zero

This is an exploration story. 

That means it’s higher risk and higher reward. 

But it’s hard to find a story with higher potential reward than this, and management with a track record that strikes confidence. 

And any good exploration story has to have news flow. This one does. The NGX (TSX.V:GASXOTCMKTS:PENYF) announcement calendar is expected to be packed …

Why Natural Gas Is The Most Important Fuel Of the Next Decade

NGX stock has already climbed over 300%… but could go much higher if there is good news once the drill bit starts hitting the ground. 

Colombia is desperate for new natural gas, and it’s great to work with a government faced with soaring demand and declining supply. 

This is Colombia’s official transition fuel, which means that so much is at stake. 

Colombia only has proven natural gas reserves of 3.1 Tcf (as of 2019). But Colombia’s National Hydrocarbons Agency (ANH) president Armando Zamora estimates the real potential in the ground to be “eight times higher”. 

NGX (TSX.V:GASXOTCMKTS:PENYF) is on the ground floor of this potential, sitting on three highly prospective blocks, where even a single discovery will likely provide this tiny market-cap company with major cash flow. And where a single discovery has the potential to establish NGX as one of the most important companies on the Colombian oil and gas scene.

Other companies to watch during the energy transition:

Exxon (NYSE:XOM) is an oil giant looking to keep its ommitment to reduce its emissions. It claims to have about one-fifth of the world’s total carbon capture capacity. The company captures about 7 million tons per year of carbon. This has been in place since 1970, and the company claims to have captured more CO2 than any other company — more than 40 percent of cumulative CO2 captured.

In addition to its carbon capture ambitions, Exxon is also betting big on natural gas. In fact, it’s a pioneer in the liquefied natural gas industry. Using technology and expertise, Exxon has become one of the most important players in the business. With ventures in Qatar, the world’s largest natural gas producer, and emerging hotspots such as Papua New Guinea, Exxon is making all the right moves to stay ahead of the coming natural gas boom.

Total (NYSE:TOT) is one of the few oil majors truly diving head first into the new energy reality It is not only aware of the needs that are not being met by a significant portion of the world’s growing population, it is also hyper-aware of the looming climate crisis if changes are not made. In its push to create a better world for all, it has committed to contributing to each of the United Nations’ Sustainable Development Goals. From workplace safety and diversity to societal progression and reducing its carbon footprint, Total is checking all of the boxes that the next generation of investors hold close to their hearts. And that should pay off for the giant.

While Total’s share price slipped in March along with the wider market, Total’s pivot towards greener pastures has helped it outperform some of its peers. Though it still maintains a major presence in the global oil and gas industry, it has made significant strides in the renewable realm, as well.

BP (NYSE:BP) is another European energy giant slowly pivoting towards greener energy alternatives. BP, which has been criticized in the past as being slow and late to the environmental cause, could now leapfrog its peers. We are still a long way from Beyond Petroleum. But chief executive Bernard Looney believes that we are only 30 years from a net zero BP. He has promised that in September the company will lay out a more detailed plan that shows the path to that destination. But he has shown already that there is more to his commitment to net-zero than there was to Beyond Petroleum 20 years ago.

“Renewables and natural gas together account for the great majority of the growth in primary energy. In our evolving transition scenario, 85% of new energy is lower carbon,” Spencer Dale, BP group chief economist, said, commenting on the outlook to 2040.

TC Energy Corporation (NYSE:TRP, TSX:TRP) is a major oil and energy company based in Calgary, Canada. The company owns and operates energy infrastructure throughout North America. TC Energy is one of the continent’s largest providers of gas storage and owns and has interests in approximately 11,800 megawatts of power generations. It’s also one of the continent’s most important pipeline operators.

With TC Energy’s massive influence throughout North America, it is no wonder that the company is among one of Canada’s highest valued energy companies. Investors can feel comfortable with the company due to its huge and diverse portfolio, and continuing eye for success.

Though Canadian oil has had a particularly rough go at it this year, Canadian Natural Resources (NYSE:CNQ, TSX:CNQ), kept its dividend intact after swinging to a loss for the first half of the year, while Canada’s producers are scaling back production by around 1 million bpd amid low oil prices and demand. Though Canadian Natural Resources kept its dividend, it withdrew its production guidance for 2020, however. It also said it would curtail some production at high-cost conventional projects in North America and oil sands operations and carry out planned turnaround activities at oil sands projects in the second half of 2020.

While the Canadian energy giant has seen its stock price slump this year, it could provide a potentially opportunity for investors as oil prices rebound. It is already up over 170% from its March lows, and it could still have some more room to run.

Suncor Energy (TSX:SU) has adopted a number of high-tech solutions for finding, pumping, storing, and delivering its resources. Not only is it big in the oil sector, however, it is a leader in renewable energy. Recently, the company invested $300 million in a wind farm located in Alberta. 

When the rebound in crude prices finally materializes, giants like Suncor are sure to do well out of it. While many of the oil majors have given up on oil sands production – those who focus on technological advancements in the area have a great long-term outlook. And that upside is further amplified by the fact that it is currently looking particularly under-valued compared to its peers.

Enbridge, Inc (TSX:ENB), based in Canada’s oil sands capital Alberta, is an energy delivery company focusing on transportation, distribution, and generation of energy. Operating in the United States and Canada, Enbridge owns and operates the largest natural gas distribution network in Canada and the longest crude oil transportation system in the world. Founded in 1949, investors can feel confident in Enbridge’s experience and market know-how.

Though not strictly dealing in commodities, Enbridge’s diversified assets and connections to a variety of industries position the company as solidified player in many Canadian investors’ portfolio.

Cenovus Energy (TSX:CVE) is most known for its oil business, but it is also actively investing in renewable energy. More importantly, however, is that it has set truly ambitious sustainability goals for itself, aiming to cut emissions by a massive 30% in just 10 years.

This is one of the most actively traded stocks on the TSX. The potential is certainly here for this oil company, so for investors who are bullish on the return of the oil markets, this is a perfect pick in the Canadian market.


Source: OilPrice │ Photo: OilPrice

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Last Updated: August 2019

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International Transfer of Information Collected

We are a global company, with customers around the world and it is important to note that the Services, and the Website, may be operated via servers situated in the United States and elsewhere. If you are located outside of the United States, please be aware that any information which you supply to Corpac (including, without limitation, personal information (e.g., your name, phone number, email address, etc.) may be transferred to, processed, and used in the United States and elsewhere. To provide you with the Services, you irrevocably and unconditionally consent that we may store, use, process, transfer and transmit such information in accordance with this Privacy Policy in the United States and locations around the world – including those outside your country which may provide different rules, regulations, and protections regarding privacy. Information may also be stored locally on the devices used to access the Services, which may be mobile.

We have taken appropriate safeguards to ensure that your personal data will remain protected in accordance with this Privacy Policy, whether your personal data is within our control or has been entrusted to our third party service providers and partners.

Changes to this Privacy Policy

From time to time, Corpac may change the terms of this Privacy Policy. Changes will take effect once they are posted online and by accessing and/or using the Website or Services after we make any such changes to this Privacy Policy, you are deemed to have accepted such changes.  If you do not agree with any of the amended terms, you must avoid any further use of the Website and/or Services offered by Corpac.

Inquiries or Concerns?

You may contact Corpac by emailing us at privacy@corpacgroup.com and we will do our best to provide a prompt response to your question.

TRADEMARKS AND OWNERSHIP

CORPAC® is a registered trademark of Corpac Steel Products, Corp.

STEEL TO THE CORE® is a registered trademark of Corpac Steel Products, Corp.

Crossover Distribution® is a registered trademark of Corpac Steel Products, Corp.

CORPAC AND DESIGN

are registered trademarks of Corpac Steel Products, Corp.

The absence of a product or service name or logo from this list does not constitute a waiver of trademark or other intellectual property rights concerning that name or logo.

CORPAC  TERMS OF USE

Last updated: August 2019

Welcome to www.corpacsteel.com (the “Website”). The Website is owned and operated by Corpac Steel Products Corp., d/b/a Corpac Group including its related companies, affiliates and subsidiaries (collectively “Corpac,” “we,” “us,” “our”). We make the Website available to you, subject to the following Terms of Use (these “Terms of Use”). PLEASE READ THE FOLLOWING TERMS OF USE CAREFULLY BEFORE USING THE WEBSITE. By using the Website, you agree to these Terms of Use and agree they create a legally binding agreement between you and Corpac. If you do not agree to these Terms of Use, you may not use the Website. These Terms of Use are effective unless and until terminated by Corpac.

Minors are not authorized to access or use the Website for any purpose.

CHANGES TO TERMS OF USE

Corpac reserves the right, at any time, to modify, amend, alter or update these Terms of Use. These changes will be effective as of the date we post the revised version. By continuing to use the Website following such modifications, amendments, alterations or updates, you agree to be bound by such modifications, amendments, alterations or updates. Therefore, you should periodically visit this page to review our most current Terms of Use.

You may access the current version of these Terms of Use at any time by clicking on the link marked “Terms of Use” at the bottom of each page of the Website.

PRIVACY POLICY

In the course of your use of the Website, you may be asked to provide certain personalized information to us (such information referred to hereinafter as “User Information”).  Our information collection and use policies with respect to the privacy of such User Information are set forth in the Website’s Privacy Policy which is incorporated herein by reference for all purposes.  You acknowledge and agree that you are solely responsible for the accuracy and content of User Information, and you agree to keep it up to date. 

INTELLECTUAL PROPERTY RIGHTS

Corpac respects the intellectual property rights of others. As between you and Corpac, and except any User Information which you provide, all rights, title and interests in the Website, including all the content (including, for example, audio, photographs, illustrations, graphics, other visuals, video, copy, software, etc.), code, data and materials thereon, the look and feel, design and organization of the Website, and the compilation of the content, code, data and materials on the Website, including but not limited to any copyrights, trademark rights, patent rights, database rights, moral rights, sui generis rights and other intellectual property and proprietary rights therein (collectively the “Content”) are owned by Corpac or by third parties who have licensed or provided their Content to us. The Website is protected under Trademarks (as defined below), copyright, patent, trade secret and other intellectual property rights laws, and your use of the Website does not grant to you ownership of any Content you may access on the Website. You are prohibited from using the Website to infringe or violate any intellectual property rights. Corpac may terminate your right to access the Website if it believes you are using the Website in a manner that infringes the copyright, trademark, patent or other intellectual property rights of another.

We may investigate occurrences that may involve violations of the security of the Services or of the law and we may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

The trademarks, logos, service marks and trade names (collectively the “Trademarks”) displayed on the Website or on content available through the Website are registered and unregistered Trademarks of ours and others and may not be used unless authorized by the trademark owner.  All Trademarks not owned by us that appear on the Website or on or through the Website’s services, if any, are the property of their respective owners.  Nothing contained on the Website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any Trademark displayed on the Website without our written permission or that of the third-party rights holder.  Your misuse of the Trademarks displayed on the Website is strictly prohibited.  Corpac will aggressively enforce its Trademark rights to the fullest extent of the law, including the seeking of criminal prosecution.

PERSONAL USE ONLY

The Website and the Content are intended for your personal use.  You may access and view the content on the Website via your computer or other internet compatible device, and make single copies or prints of the content on the Website for your personal, internal use only.   The Website and the services offered on or through the Website, including any content and materials thereon, are only for your personal, non-commercial use. Except as otherwise provided on the Website, you may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, sell, create derivative works from, transfer, or sell any information, software, products or services obtained from the Website. Use of the Website to sell a product or service, or to increase traffic to your website for commercial reasons, such as advertising sales is expressly forbidden.

PROHIBITED USE

Any commercial distribution, publishing or exploitation of the Website, or any content, code, data or materials on the Website, is strictly prohibited unless you have received the express prior permission of Corpac or the applicable rights holder.  You may not otherwise download, display, copy, reproduce, distribute, modify, perform, transfer, create derivative works from, sell or otherwise exploit any content, code, data or materials on the Website.  If you make other use of the Website, or the content, code, data or materials thereon, except as otherwise provided above, you may violate copyright and other laws of the United States, other countries, as well as applicable state laws and may be subject to liability for such unauthorized use.  Corpac will aggressively enforce its intellectual property rights to the fullest extent of the law, including the seeking of criminal prosecution.

SECURITY

You are prohibited from violating, or attempting to violate the security of the Website. Any such violations may result in criminal and civil liabilities to you.  You warrant and agree that, while using the Website and the various services and features offered on or through the Website, you shall not: (a) impersonate any person or entity or misrepresent your affiliation with any other person or entity; (b) insert your own or a third party’s advertising, branding or other promotional content into any of the Website’s content, materials or services, or use, redistribute, republish or exploit such content or service for any further commercial or promotional purposes or take any action that would constitute or could be interpreted as an endorsement or sponsorship by Corpac of any third party site, content, information or other materials, or in any manner that would violate the terms and conditions of any such third party sites; (c) attempt to probe, scan, or test the vulnerability of any system or network; or (d) attempt to gain unauthorized access to data not intended for you and/or other computer systems through the Website.  You shall not: (i) engage in spidering, “screen scraping,” “database scraping,” harvesting of e-mail addresses, wireless addresses or other contact or personal information, or any other automatic means of accessing, logging-in or registering on the Website or for any services or features offered on or through the Website, or obtaining lists of users or obtaining or accessing other information or features on, from or through the Website or the services offered on or through the Website, including, without limitation, any information residing on any server or database connected to the Website or any services offered on or through the Website; (ii) obtain or attempt to obtain unauthorized access to computer systems, materials, information or any services made available on or through the Website through any means; (iii) use the Website or the services made available on or through the Website in any manner with the intent to interrupt, damage, disable, overburden, or impair the Website or such services, including, without limitation, sending mass unsolicited messages or “flooding,” “spamming,” or “crashing” any systems; (iv) use the Website or the Website’s services or features in violation of Corpac’s or any third party’s intellectual property or other proprietary or legal rights; or (v) use the Website or the Website’s services in violation of any applicable law.  You further agree that you may not attempt (or encourage or support anyone else’s attempt) to circumvent, reverse engineer, decrypt, or otherwise alter or interfere with the Website or the Website’s services, or any content thereof, or make unauthorized use thereof.  You agree that you will not use the Website in any manner that could damage, disable, overburden, or impair the Website or interfere with any other party’s use and enjoyment of the Website. You may not obtain or attempt to obtain any materials or information through any means not intentionally made publicly available or provided for through the Website. Corpac will investigate any alleged violations and will cooperate with law enforcement agencies in their investigations.

THIRD-PARTY CONTENT

Some of the information and material available through the Website are provided to Corpac by third parties (“Third-Party Material”). In some instances, the source of the Third-Party Material is identified. Third-Party Material is provided for your convenience only and Corpac does not endorse these materials or the parties who supply them to us. Corpac does not warrant or represent that these Third-Party Materials are current, accurate or reliable.

COPYRIGHT AGENT

We respect the intellectual property rights of others, and require that the people who use the Website do the same.  If you believe that your work has been copied in a way that constitutes copyright infringement, please forward the following information to Corpac’s Copyright Agent, designated as such pursuant to the Digital Millennium Copyright Act, 17 U.S.C. § 512(c)(2), named below:

  • Your address, telephone number, and email address;
  • A description of the copyrighted work that you claim has been infringed;
  • A description of where the alleged infringing material is located;
  • A statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law;
  • An electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest; and
  • A statement by you, made under penalty of perjury, that the above information in your Notice is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf.
  • For all email submissions please include the subject line: DMCA Takedown Request.

Corpac has adopted a policy of terminating, in appropriate circumstances, accounts of users of the services or the Website who are deemed to have repeatedly uploaded content that infringes the intellectual property rights of others.

Copyright Agent:

Corpac Legal

c/o Corpac Group

20803 Biscayne Blvd.
Suite #502
Aventura (Miami), Florida

Phone: +1 (305) 918-0540

Email: dmca@corpacgroup.com

 

DISCLAIMER OF WARRANTIES

THE WEBSITE AND ITS CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER. CORPAC, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTY OF MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTIES RIGHTS, AND THE WARRANTY OF FITNESS FOR PARTICULAR PURPOSE. CORPAC MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS FOUND OR CONTAINED ON THE WEBSITE. CORPAC DOES NOT WARRANT THAT THE WEBSITE, THE CONTENT, OR ITS SERVERS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. YOU UNDERSTAND AND AGREE THAT YOU OBTAIN MATERIAL THROUGH THE USE OF THE WEBSITE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGES TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS.

ALL MATERIAL CONTAINED IN THE WEBSITE IS FOR GENERAL INFORMATION ONLY, HAS NOT BEEN INDEPENDENTLY VERIFIED, HAS NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE REGULATORY AUTHORITY AND MAY CONTAIN ERRORS OR OMISSIONS OF MATERIAL INFORMATION. THE MATERIAL AND INFORMATION CONTAINED ON THE WEBSITE SHOULD NOT, THEREFORE, BE USED OR RELIED UPON FOR ANY SPECIFIC REASON OR APPLICATION WITHOUT INDEPENDENT COMPETENT PROFESSIONAL EXAMINATION AND VERIFICATION OF ITS ACCURACY, COMPLETENESS, SUITABILITY AND APPLICABILITY. ANYONE MAKING USE OF THE MATERIAL DOES SO AT HIS/HER/ITS OWN SOLE AND EXCLUSIVE RISK AND ASSUMES ANY AND ALL ACTUAL OR POTENTIAL DAMAGE OR LIABILITY RESULTING FROM SUCH USE.

LIMITATION OF LIABILITY

IN NO EVENT SHALL CORPAC BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE MATERIAL ON THE WEBSITE OR SITES LINKED TO THE WEBSITE, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT CORPAC IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

TERMINATION

Corpac may terminate, change, suspend or discontinue any aspect of the Website or the Website’s services at any time.  Corpac may restrict, suspend or terminate your access to the Website and/or its services if we believe you are in breach of our terms and conditions or applicable law, or for any other reason without notice or liability.  Corpac maintains a policy that provides for the termination in appropriate circumstances of the Website use privileges of users who are repeat infringers of intellectual property rights.

USER’S REMEDY

If you are dissatisfied with any portion of the Website or with any of these Terms of Use, your sole and exclusive remedy is to discontinue using the Website.

GOVERNING LAW AND VENUE

These Terms of Use and the relationship between you and Corpac shall be governed by the laws of the United States and the State of Florida without regard to its conflict of law provisions. You hereby irrevocably submit and consent to the personal and exclusive jurisdiction of the courts located within Miami-Dade County, Florida and agree that any cause of action that may arise under these Terms of Use and all disputes arising out of or relating to the use of the Website shall be commenced and be heard in the appropriate court in Miami-Dade County, Florida. The failure of Corpac to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of such right or provision. If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of these Terms of Use remain in full force and effect. 

QUESTIONS ABOUT TERMS OF USE

If you have any questions regarding these Terms of Use, please either:

Send an email to info@corpacgroup.com

Write to Corpac at the following address:

20803 Biscayne Blvd.
Suite #502
Aventura (Miami), Florida

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