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Profire Energy (PFIE) provides products and technologies that enhance the efficiency, safety, and compliance of the energy companies in North America. The current industry drivers including the crude oil price recovery and an appreciation in the Canadian dollar are in favor of the company's stock price appreciation in the short term.
With the appropriate certification in place, PFIE is now trying to position the Profire 3100 product strategically in North America, and later, internationally. The company has no debt, which is an attractive feature when crude oil price