CuckooChris
Posted - 11 hours ago
$PFIE just hold out your bag and they fill it up, lol. I'm trying a little rev psy with the be-ish. Gotta talk in code now that AI is watching, lol.
CuckooChris
Posted - 13 hours ago
$PFIE
CuckooChris
Posted - 04/30/24
$PFIE Getting there, 1 & 10 shares at a time, lol.
Entrepredoer
Posted - 04/26/24
$PFIE Biding time until the value is too much to ignore here
davooo
Posted - 04/26/24
$PFIE From OilPrice; Oil prices are set to post a gain this week as a combination of inventory declines, a slowdown in U.S. manufacturing, and escalating tensions in the Middle East boost bullish sentiment.
Investor sentiment and behavior, particularly from hedge funds and other money managers, significantly influenced the oil market trends. Over the past week, there was a notable shift in positions, as evidenced by movements in futures and options contracts. Fund managers increased their net long positions in Brent crude, indicating a bullish outlook on potential supply disruptions due to Middle Eastern tensions. However, the sentiment was not uniformly bullish across all petroleum markets. 😊
davooo
Posted - 04/25/24
$PFIE From OilPrice: Positive notes for the bulls coming from StanChart, as they forecast that global oil demand will pick up strongly in May and June, exceeding 103 mb/d for the first time in May (at 103.15 mb/d), increasing further in June to 103.82 mb/d. The commodity experts have predicted global inventory draws of 1.53 mb/d in May and 1.69 mb/d in June, tightening physical spreads significantly. StanChart also says that OPEC is unlikely to increase output in the near-term thanks to the stall in the oil price rally despite having room for at least 1 mb/d of extra OPEC output in Q3 without increasing inventories. 📯
Stock_Titan
Posted - 04/24/24
$PFIE Profire Energy Sets First Quarter 2024 Earnings Call for Thursday, May 9, 2024, at 8:30 a.m. ET
https://www.stocktitan.net/news/PFIE/profire-energy-sets-first-quarter-2024-earnings-call-for-thursday-va7pwixascrp.html
Entrepredoer
Posted - 04/23/24
$PFIE Eventually the bag holders and flippers will get out so we can move on.
Entrepredoer
Posted - 04/23/24
$PFIE Two big oil field service companies reported good earnings in Q1. Profire is different in many ways but still this is sort of a canary in the coal mine for Profires Q1 results.
Like these two examples, Profire cited international sales strength in Q1 (Q4 earnings transcript)
https://oilprice.com/Latest-Energy-News/World-News/Halliburton-Beats-Earnings-Forecast-on-High-Oilfield-Services-Demand.html
https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-fourth-quarter-and-full-year-2023-results/
davooo
Posted - 04/20/24
$PFIE From OilPrice: “During the quarter, we continued to benefit from our favorable exposure to the international markets, with remarkable year-on-year growth of 29% in the Middle East & Asia, in addition to growth of 18% in Europe & Africa,” Le Peuch added.
Following an “exciting start to the year”, SLB expects growth momentum to continue, the executive noted.
“The oil and gas industry continues to benefit from strong market fundamentals driven by a growing demand outlook. This is resulting in a significant baseload of activity, particularly in the international and offshore markets, closely aligned with the strengths of our business,” Le Peuch said.
😉
Entrepredoer
Posted - 04/19/24
$PFIE Less than a month before Q1 earnings are reported. As with the prior earnings, while I hope the legacy business does well I am most curious about the diversification side as that is growing the fastest.
davooo
Posted - 04/19/24
$PFIE The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an increase of 2.
The total rig count fell by 2 to 619 this week, compared to 753 rigs this same time last year.
The number of oil rigs rose by 5 this week. Oil rigs now stand at 511--down by 80 compared to this time last year. The number of gas rigs fell by 3 this week to 106, a loss of 53 active gas rigs from this time last year. Miscellaneous rigs stayed the same at 2.
🦂
DDolla95
Posted - 04/19/24
$PFE YOOOO $TWG WE ARE FUCKING PUMPING A CAVIAR STOCK.....
LOOK IT UP THERE IS A SHORTAGE IN CAVIAR $F $PFIE $HKD
CuckooChris
Posted - 04/18/24
$PFIE
Entrepredoer
Posted - 04/18/24
$PFIE nothing like getting yesterday’s entire day of volume in the first hour of trading today
davooo
Posted - 04/18/24
$PFIE The EIA is the most bullish on long-term oil demand, and has predicted a demand peak will come in 2050 while the OPEC Secretariat sees it coming five years earlier. Meanwhile, Standard Chartered has predicted global oil demand will hit 110.2 mb/d in 2030 and increase further to 113.5 mb/d in 2035. However, the commodity experts have not projected a demand peak beyond the end of their modeling horizon in 2035. According to StanChart, a structural long-term peak is very unlikely within 10 years 😈
Entrepredoer
Posted - 04/17/24
$PFIE Plenty of demand at this level. But smart people know to let the price come to them when daily volume is small.
Entrepredoer
Posted - 04/17/24
$PFIE Down on low volume. Even less than normal. Small float, gotta average in and out and wait.
CuckooChris
Posted - 04/17/24
$PFIE
davooo
Posted - 04/17/24
$PFIE From OilPrice: Despite the IEA’s continued efforts to draw attention to the dire state of the energy industry and the need to make an imminent shift away from fossil fuels in favour of green alternatives, governments and private companies have continued to fund oil, gas and coal projects. Some are doing this because they view fossil fuels as necessary for energy security and others are doing it for the high revenues that oil and gas bring to the table. 😳
Entrepredoer
Posted - 04/14/24
$PFIE Iran retaliating to Israel can’t hurt on oil prices and might give this a little boost tomorrow. I believe rigs will have to increase sooner or later which will help here.
In the meantime the diversified side should be doing just fine.
davooo
Posted - 04/14/24
$PFIE Analysts like to stress the fact that high inflation kills oil demand. What they rarely mention these days is that this demand destruction is always limited—because oil is an essential commodity for any relatively industrialized economy on the planet. In other words, the interest rate cut disappointment that drove benchmarks lower earlier this week is not going to hold for very long because oil demand has repeatedly proven more resilient than many have expected—and hoped.
By Irina Slav for Oilprice.comm
😸
_Dominic_
Posted - 04/14/24
Better fill up your gas tanks today before prices skyrocket Watch $ENG and $PFIE
davooo
Posted - 04/13/24
$PFIE From OilPrice: The U.S. expects to hit more record highs The U.S. expects to hit more record highs for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050, which will produce a massive amount of greenhouse gas emissions. This strategy appears to be at odds with Biden’s ambitious climate pledges and could put Paris Agreement targets at risk on a global level. for crude production in 2024 and 2025, according to the U.S. Energy Information Administration (EIA). By the end of the year, U.S. oil production is expected to increase by 290,000 bpd to 13.21 million bpd. The government expects to continue to produce near-record levels of oil and gas up to 2050.🐶
davooo
Posted - 04/12/24
$PFIE From OilPrice: "THIS SUCKS"
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 3. U.S. drillers saw a total loss of rigs this year of 5.
The total rig count fell by 3 to 617 this week, compared to 751 rigs this same time last year.
😺
Entrepredoer
Posted - 04/12/24
$PFIE Very under the radar. Oil ripping on political tensions but not much change here.
