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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by Stocktreeon Nov 10, 2016 4:13pm
60 Views
Post# 25446730

Oil prices hit their lowest point in the beginning of 2016

Oil prices hit their lowest point in the beginning of 2016
and TMG had a very good year. Oil prices cannot fall much below current levels, because of production costs and the quasi monopoly in the sector. No new exploration and development projects will be launched in this context, because there is already too much oil on the market. So if the US wants to spend more money exploring and pumping for oil in their country for safety reasons, let them do it, but it will not affect prices.

What could happen though, if the new administration moves forward with the big infrastructure projects and spending Trump announced, is a heat up of the economy, which automatically means an increase in energy and other commodity prices. So all is good for TMG at this point. Companies have the cash to invest in short term cost-saving projects while the world awaits more growth.
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