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Profire Banks On Diversification Strategy In The Medium Term

Apr. 06, 2021 3:20 PM ETProfire Energy, Inc. (PFIE)2 Comments
Badsha Chowdhury profile picture
Badsha Chowdhury


  • Increased adoption of PF3100 and its expanded applications to non-energy uses are underway in 2021.
  • PFIE plans to accelerate diversification into the aerospace, power generation, and industrial and chemical processing industries.
  • The weather-related turmoil in Texas is likely to affect the company's Q1 performance adversely.
  • It has no debt; however, negative free cash flow can become a concern.

Field operation worker resting - concept photo.
Photo by Thank you for your assistant/iStock via Getty Images

PFIE's Medium-Term Investment Horizon

Profire Energy's (NASDAQ:PFIE) management has become relatively bullish in recent times as the crude oil price stabilizes and drilled and completed well counts have gone

This article was written by

Badsha Chowdhury profile picture
I have more than 14 years of experience in analyzing and writing on stocks. I write on both long and short sides in an unbiased manner. I have been covering the energy sectors for the past 7 years, with the primary focus on the oilfield equipment services sector. I also cover the Industrial Supply industry. I occasionally co-author with Seeking Alpha contributor Thomas Prescott.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (2)

worth the gamble.
@clyiv5673 we shall see, Looking to have some positive news
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