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FET - Forum Energy Technologies Is Down But Not Out
Forum Energy Technologies Inc.
FET May Turn It Around
Strategically, Forum Energy Technologies (FET) is focusing on selling the artificial lift and drilling & downhole products in the international markets where the growth rate has been relatively strong. The company’s inventory destocking would improve margin and cash flows in the coming quarters. Also, new orders in the Production segment reflect an improved outlook and a higher revenue generation potential in 2020. I think the demand for completion and downhole products can improve in the medium term, leading to positive returns from the stock price.