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FET - Forum Energy Technologies Is Close To A Possible Recovery
Forum Energy Technologies Inc.
The recent rise in the completion activity following the energy price recovery can lead to FET's topline growth in Q4.
The restructuring initiatives have reduced operating costs significantly over the past couple of years and can protect the margin from falling further.
There are concerns over the company's negative free cash flow and stock price crash in the past.
However, the recent debt refinancing has strengthened the balance sheet.