Gabelli Comments On Colfax Shift In Production

According to Gabelli, Colfax CFX shift in production from light to heavier crude plays well to CFX's highly engineered positive displacement pumps and pipeline service. Gabelli reported that CFX believes the long-term outlook in the Commercial Marine market is strong, driven by the need for commercial ships to eventually transport goods. “2012 PMV of $14.” Colfax closed yesterday at $41.84.