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PFIE - The U.S. Onshore Market Weakness Will Test Profire Energy In The Near Term
Profire Energy Inc.
Profire Will Stay Low For Now
The energy price's current run to the bottom of the barrel and energy producers' E&P budget cuts have significantly lowered the revenue generation potential in the U.S. onshore. In response to a steadily contracting market, Profire Energy (PFIE) is optimizing its product line by putting the burner management systems (or BMS) in innovative usages and expanding its geographic reach. It also pushes its BMS products through original equipment manufacturers and fabricators in Saudi Arabia, which can turn out to be a growth market.