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    Michael Barth

    Research Analyst at Desjardins Securities

    Michael Barth serves as Director and Senior Equity Research Analyst at Raymond James, specializing in diversified energy, oil and gas, energy infrastructure, and oilfield services. He covers a range of prominent companies including NVDA, TSLA, AMZN, BABA, and CES Energy Solutions Corp, maintaining a 58% success rate and an average return of 7% per rating as ranked by TipRanks. Barth began his career in 2014 at Raymond James, later gaining experience at a bank-owned investment manager, pension fund, and family office in energy-specialist and generalist roles before rejoining Raymond James in 2023. He holds the CFA charter and a Bachelor of Commerce from the University of Alberta, reflecting strong professional credentials within the financial industry.

    Michael Barth's questions to Enerflex (EFXT) leadership

    Michael Barth's questions to Enerflex (EFXT) leadership • Q1 2025

    Question

    Michael Barth of Desjardins Securities inquired about the bookings trajectory for the second quarter, asking whether Enerflex is seeing a rebound from Q1's lower figures or experiencing further customer deferrals.

    Answer

    Interim President and CEO Preet Dhindsa acknowledged that Q1 bookings of $205 million were light, partly due to some customer activity being pulled forward into a constructive Q4 2024. He noted that some customers paused decisions in Q1 amid market volatility. However, Dhindsa emphasized that the company maintains a strong backlog of $1.2 billion and sees continued opportunities in the market, with the primary uncertainty being the timing of when new orders will be finalized.

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