TSE:PSI

Pason Systems Inc. (PSI.TO)

13.73
-0.12 (0.87%)
as of Jun 10, 2026, 8:00:00 pm Market Open.
66 watching
0
TOP PICK

A low risk way of playing oil. They do electronic drill recording, and have 68%-95% market share in the various things they do. Although management says they won’t see a come back in terms of rigs until 2017, this is a safe way to play it. Raised the dividend last year. Have no debt. Dividend yield of 3.92%.

BUY

Oil service company specializing in taking information off the drilling operations. They are extraordinarily good and price their services to be compelling. They make remarkable margins. They are expanding internationally. Very cleaver team. Excellent balance sheet and lots of cash. Very conservative in how they pay out the distribution. Excellent third quarter.

HOLD

Hasn’t owned this for some time and is not his choice in the space. If you want an overall approach to technology and innovations in the oil and natural gas space this is a great one to hold. Has come down in terms of valuations and P/E ratios.

TOP PICK

Has broken through its all-time high of $20 a share. Oil services instrumentation company, so they are the link between the people running the rigs and the people monitoring the results. Global leading supplier of oil field services electronic instrumentation equipment. 58% market share in the US. Yield of 2.6% and they have increased the dividend for the past 10 years.

SELL
Recently lost a contract they were hoping to get with a large US drilling company, which would allow them to add their equipment to that company's equipment. Also lost a small US legal suit. P/E ratio for this year is 12.1 and 10.6 for next year’s so he feels the stock is clearly overpriced.
PAST TOP PICK
(A Top Pick Sept 10/10. Up 7.54%.) Sold his holdings about 3 months ago.
TOP PICK
All oil/gas service companies are benefiting from an increase in North American drilling activity. Recently increased semi-annual dividend by 14% giving a 2.7% yield. Earnings are forecast to grow 40% in 2011 giving a 16 PE.
HOLD
In the very short term, it is terribly expensive. One of the best, pure direct plays on any increase in drilling activity, both in Canada and the US. Debt-free. Superb management.
PAST TOP PICK
(A Top Pick Feb 28/08. Down 22.8 %.) Sold in order to raise cash. Still likes.
BUY
Most of the service stocks are being dragged down because of a fear that natural gas will go back to $8.50 or $9. Good opportunity to buy.
BUY
Directional driller. With higher gas prices, there will be an increase in drilling.
TOP PICK
The world’s largest renter of equipment and services on a daily basis for oil wells and natural gas wells. Has gone through a bad time and thinks it is in a recovery mode.
WAIT
It has suffered along with the other drillers and companies. It's fully priced right now. Wait and see the 2nd and 3rd quarters.
BUY
Probably more money to be made in the oil service area than in oil itself. He is buying Zed.i Solutions (ZED-X), Trican (TCW-T) and Pason (PSI-T) for new accounts.
HOLD
The only company in the world that rents equipment to oil/gas drilling companies. Less drilling will have an impact on them in the short-term. Having great market penetration in the US.
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