Demand Rising With Energy Prices
Did you know that up to 40 percent of the energy produced by an outdated HVAC system can be lost through the sides of the equipment or leaking ducts?
As consumers, schools, and business organizations alike feel the increasing pinch on their budgets brought on by skyrocketing energy prices, many are choosing to optimize their HVAC infrastructure.
Demand Rising With Energy Prices
With the average residential heating oil price paid by Americans up nearly 50% from last year and supplies in key regions including the Northeast dwindling by nearly 25% since last March, the need for products made by companies like Marmion Industries Corp. (OTCBB: MMIO) has never been quite so pronounced.
Add into the mix the fact that electricity prices across the State of Texas (MMIO's home state) are up nearly 20% over the past six weeks, and we have a company poised for growth on our hands.
MMIO: Kicking Off March Madness With a Bang
MMIO is back in the spotlight today with the announcement of more than $116,000 in new purchase orders for the first week of March. This brings the year-to-date purchase order total to about $800,000.
This company appears to be holding its own in trying economic times. Let's not forget that MMIO announced a number of developments during 2007 that should have a very positive effect on sales going forward. Some of these developments include a 2-year, $2 Million, ongoing purchasing agreement with Powell Industries and a budding relationship with ConocoPhillips, a top-three leading U.S. integrated oil and gas company.
In addition, as I've mentioned previously, the company's position as just one of two local mechanical contractors chosen for the Leadership in Energy and Environmental Design 'LEED' Certification of Quality Program, has facilitated its ability to secure approximately $3 Million worth of commercial contracts within a relatively short time frame. All very positive for future growth.
LEED and The ACC
With March Madness and the the NCAA Men's Basketball Tournament about to commence, I found it timely to note that the LEED movement is making its way into major U.S. Universities as well as the primary and secondary schools that MMIO has been servicing as of late.
According to an article published today by the associated press, the Atlantic Coast Conference - or the ACC - is "LEEDing" the way, in regards to both placing its teams in the tournament and becoming more environmentally efficient. The top seed in the East bracket, UNC, has committed to making its new campus, Carolina North, carbon neutral through the use of alternative energy and LEED building guidelines.
The fifth seed in the Midwest region, Clemson (24-9) will meet Villanova (20-12) in the first round. Clemson received high marks in the Sustainable Endowments Institute's 2008 Sustainability Report Card for its green building policy that requires all new facilities over 5,000 square feet to achieve LEED Silver certification.
Is Now the Time to Invest in Oil Futures?
With the federal funds rate now at 2.25 percent - the lowest point in just about 3 years - interest in oil futures continues to grow. According to the Department of Energy, futures contracts for oil grew nearly 42% between 2006 and 2007 while daily average trading has more than doubled over the last 5 years.
Commenting on the trend Eric Wittenauer, an analyst at AG Edwards stated "Previous rate cuts have fueled inflation concerns, and investors have moved money into the commodity complex in record fashion," in an AFP London article today.
With interest rates decreasing another three quarters of a point today, crude futures represent a valuable potential hedge against a devalued US Dollar. After a huge dip of $4.53 a barrel on Monday - the biggest daily loss in nearly 20 years - Crude oil for April delivery closed up $3.74, or 3.5%, to $109.42 a barrel on the New York Mercantile Exchange today. The way that I see it, if you are confident that the Fed will institute further rate cuts over the near-term, oil futures could be viewed as very interesting hedge.
The stock closed up nearly 17% on Monday at $.07 on fairly light volume. Given the timeliness of the company's product offering in a world striving to conserve energy, we feel quite strongly that Marmion Industries Corp. deserves a spot on your watch list. Check back soon for more updates on MMIO's quest for HVAC greatness.
As consumers, schools, and business organizations alike feel the increasing pinch on their budgets brought on by skyrocketing energy prices, many are choosing to optimize their HVAC infrastructure.
Demand Rising With Energy Prices
With the average residential heating oil price paid by Americans up nearly 50% from last year and supplies in key regions including the Northeast dwindling by nearly 25% since last March, the need for products made by companies like Marmion Industries Corp. (OTCBB: MMIO) has never been quite so pronounced.
Add into the mix the fact that electricity prices across the State of Texas (MMIO's home state) are up nearly 20% over the past six weeks, and we have a company poised for growth on our hands.
MMIO: Kicking Off March Madness With a Bang
MMIO is back in the spotlight today with the announcement of more than $116,000 in new purchase orders for the first week of March. This brings the year-to-date purchase order total to about $800,000.
This company appears to be holding its own in trying economic times. Let's not forget that MMIO announced a number of developments during 2007 that should have a very positive effect on sales going forward. Some of these developments include a 2-year, $2 Million, ongoing purchasing agreement with Powell Industries and a budding relationship with ConocoPhillips, a top-three leading U.S. integrated oil and gas company.
In addition, as I've mentioned previously, the company's position as just one of two local mechanical contractors chosen for the Leadership in Energy and Environmental Design 'LEED' Certification of Quality Program, has facilitated its ability to secure approximately $3 Million worth of commercial contracts within a relatively short time frame. All very positive for future growth.
LEED and The ACC
With March Madness and the the NCAA Men's Basketball Tournament about to commence, I found it timely to note that the LEED movement is making its way into major U.S. Universities as well as the primary and secondary schools that MMIO has been servicing as of late.
According to an article published today by the associated press, the Atlantic Coast Conference - or the ACC - is "LEEDing" the way, in regards to both placing its teams in the tournament and becoming more environmentally efficient. The top seed in the East bracket, UNC, has committed to making its new campus, Carolina North, carbon neutral through the use of alternative energy and LEED building guidelines.
The fifth seed in the Midwest region, Clemson (24-9) will meet Villanova (20-12) in the first round. Clemson received high marks in the Sustainable Endowments Institute's 2008 Sustainability Report Card for its green building policy that requires all new facilities over 5,000 square feet to achieve LEED Silver certification.
Is Now the Time to Invest in Oil Futures?
With the federal funds rate now at 2.25 percent - the lowest point in just about 3 years - interest in oil futures continues to grow. According to the Department of Energy, futures contracts for oil grew nearly 42% between 2006 and 2007 while daily average trading has more than doubled over the last 5 years.
Commenting on the trend Eric Wittenauer, an analyst at AG Edwards stated "Previous rate cuts have fueled inflation concerns, and investors have moved money into the commodity complex in record fashion," in an AFP London article today.
With interest rates decreasing another three quarters of a point today, crude futures represent a valuable potential hedge against a devalued US Dollar. After a huge dip of $4.53 a barrel on Monday - the biggest daily loss in nearly 20 years - Crude oil for April delivery closed up $3.74, or 3.5%, to $109.42 a barrel on the New York Mercantile Exchange today. The way that I see it, if you are confident that the Fed will institute further rate cuts over the near-term, oil futures could be viewed as very interesting hedge.
The stock closed up nearly 17% on Monday at $.07 on fairly light volume. Given the timeliness of the company's product offering in a world striving to conserve energy, we feel quite strongly that Marmion Industries Corp. deserves a spot on your watch list. Check back soon for more updates on MMIO's quest for HVAC greatness.
Labels: Marmion Industries Corp., MMIO, MMIO and HVAC, OTCBB:MMIO
posted by "Staff" at
9:32 AM
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