“Your big opportunity may be right where you are now.” -Napoleon Hill
Marmion Industries Expands Into Louisiana
Tags: Houston and Marmion, Marmion and HVAC, Marmion Industries, Marmion Industries Corp., MMIO, OTCBB:MMIO
According to their recent 2007 annual filing, Marmion Industries Corp. (OTCBB: MMIO), has recently expanded into the Louisiana petrochemical marketplace. Already benefiting greatly from a thriving niche position in Houston, the “energy capital of the world”, MMIO has grown annual revenues steadily since 2002 while significantly improving its bottom line.
With a new facility now being built that will simply let the company build more product than ever before, Marmion should be able to meet new demand for its offering brought on by the company taking on another major sales territory.
From the filing:“Our long-term plans for growth include continued expansion of our industrial base into Louisiana. We have obtained the necessary licenses in Louisiana and during the first quarter of 2008 we received our first orders from customers in Louisiana.”
Marmion Enters Another MAJOR market:
Including offshore production, Louisiana is the number one producer of crude oil and the number two producer of natural gas among the 50 states. The oil & gas industry is a giant economic engine for Louisiana’s economy, supporting $70.2 billion in sales for Louisiana firms (Louisiana Mid-Continent Study, 2007).
- Louisiana has the second largest refining capacity among the states (16.7% of the total U.S. capacity)
- 88% of U.S. offshore rigs are located in Louisiana’s Outer Continental Shelf (LDNR, 2007)
- Louisiana has 19 operating crude oil refineries
- Louisiana’s 41,320 miles of distribution pipelines move natural gas, crude oil and refined products both in and out of state
- More than 5,700 oil and gas platforms in the Gulf of Mexico - 2,300 are active (Minerals Management Service, 2006)
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Think macro, not micro.
One of the biggest challenges we face as traders is the reining of our emotions in times of decision. Trading is a statistics game and emotional trading is far from logical and almost always costly. That being said, evaluating your progress is, naturally, going to generate some emotions.
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Can you see where we are going with this?
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Bottom line is, tallying up your progress is something best done when your results will not affect that way you trade. If you have a system that works 70% of the time (more if you are in our chat rooms), you will end up ahead no matter when you tally up. Preferably, you should sit down and graph out your progress at the end of each month but we know how much restraint and patience that requires. If you must, tally up weekly on Friday afternoon AFTER YOUR TRADING DAY IS OVER!
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