Profire Still Looks Shaky
Profire Energy (PFIE) provides products and technologies that enhance the efficiency, safety, and compliance of the energy companies in North America. The company faces several headwinds that can reduce the stock price returns in the short to medium term. Also, at the current level, its relative valuation looks stretched. The factors that can weigh on the stock include the E&P budget rationalization, activity slowdown in the chemical management side of the business, and Canadian dollar depreciation. Some of the industry indicators including volatility in crude oil price and a