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PFIE - Profire Energy: Now May Not Be The Right Time To Invest
Profire Energy Inc.
Profire Won’t Run High Now
Profire Energy (PFIE) provides products and technologies that enhance the efficiency, safety, and compliance of the energy companies in North America. Profire’s remote burners for firetube vessels can have a potentially huge opportunity internationally. However, the stock is relatively overvalued at the current level. In the short-to-medium term, I do not think the stock price will move upwards. Investors might do well to wait for a more reasonable price level before considering an investment.
The recovery of the completed wells in the key unconventional shales and the energy