99

Pason Systems Inc. (PSI-T)

ON STOCKCHASE SINCE Nov 2001

adds high tech on oil drilling

oil/gas field services

Pason Systems Inc.
PSI-T

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Signal	Opinion	Expert
TOP PICK	Pason Systems Inc.(PSI-T) April 12, 2019 A oil and gas service company with a $1.7 billion market cap. Payout ratio of 57%. With oil prices rising they could see cash flow grow by 16% in 2020. A move above $18 would target a run to $21, from a technical perspective. He will personally be looking to buy it on Monday. Yield 3.52% (Analysts’ price target is $24.90) oil/gas field services 0 0 0 0 0 0 comments	A oil and gas service company with a $1.7 billion market cap. Payout ratio of 57%. With oil prices rising they could see cash flow grow by 16% in 2020. A move above $18 would target a run to $21, from a technical perspective. He will personally be looking to buy it on Monday. Yield 3.52% (Analysts’ price target is $24.90) oil/gas field services 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $20.710 Owned No

TOP PICK	Pason Systems Inc.(PSI-T) July 5, 2017 *Short* (Pairs trade with a Long on Trican Well Services (TCW-T)). This one is not a bad business, but the stock is much more expensive and is trading at twice the cash flow multiple that Trican does. There has been quite a bit of insider selling recently. All of a sudden, there is some very strong competitive pressure. Dividend yield of 3.5%. (Analysts’ price target is $21.50.) oil/gas field services 0 0 0 0 0 0 comments	*Short* (Pairs trade with a Long on Trican Well Services (TCW-T)). This one is not a bad business, but the stock is much more expensive and is trading at twice the cash flow multiple that Trican does. There has been quite a bit of insider selling recently. All of a sudden, there is some very strong competitive pressure. Dividend yield of 3.5%. (Analysts’ price target is $21.50.) oil/gas field services 0 0 0 0 0 0 comments Daniel Lloyd Portfolio , Forge First Asset Ma... Price $19.160 Owned Yes
PAST TOP PICK	Pason Systems Inc.(PSI-T) April 10, 2017 (Top Pick Mar 18/16, Up 19%) An energy services company. They maintained the dividend and are seeing some move up in drills being used. oil/gas field services 0 0 0 0 0 0 comments	(Top Pick Mar 18/16, Up 19%) An energy services company. They maintained the dividend and are seeing some move up in drills being used. oil/gas field services 0 0 0 0 0 0 comments Gavin Graham Trustee, Pointbreak ETFs... Price $20.120 Owned No
BUY on WEAKNESS	Pason Systems Inc.(PSI-T) January 23, 2017 You generally see energy stocks leading a little in anticipation of higher oil prices. Then you see higher oil prices followed by energy services companies. Likes energy services companies, but not sure he would buy at this price. If it pulled back $1-$2, he would be pretty excited. His preferences would be Secure Energy (SES-T) and Canadian Energy Services (CEU-T). oil/gas field services 0 0 0 0 0 0 comments	You generally see energy stocks leading a little in anticipation of higher oil prices. Then you see higher oil prices followed by energy services companies. Likes energy services companies, but not sure he would buy at this price. If it pulled back $1-$2, he would be pretty excited. His preferences would be Secure Energy (SES-T) and Canadian Energy Services (CEU-T). oil/gas field services 0 0 0 0 0 0 comments Steve DiGregori Portfolio , Canoe Financial... Price $19.150 Owned No
TOP PICK	Pason Systems Inc.(PSI-T) March 18, 2016 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%. oil/gas field services 0 0 0 0 0 0 comments	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%. oil/gas field services 0 0 0 0 0 0 comments Gavin Graham Trustee, Pointbreak ETFs... Price $17.360 Owned Unknown
BUY	Pason Systems Inc.(PSI-T) November 27, 2014 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Martin Davies Portfolio , Brickburn Asset Mana... Price $25.800 Owned Unknown
HOLD	Pason Systems Inc.(PSI-T) May 20, 2014 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Peter Brieger Chairman &, GlobeInvestment Capi... Price $30.000 Owned No
TOP PICK	Pason Systems Inc.(PSI-T) July 3, 2013 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Michael Giordan VP Investm, ... Price $20.200 Owned Yes
SELL	Pason Systems Inc.(PSI-T) June 26, 2012 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Peter Brieger Chairman &, GlobeInvestment Capi... Price $14.270 Owned No
PAST TOP PICK	Pason Systems Inc.(PSI-T) August 26, 2011 (A Top Pick Sept 10/10. Up 7.54%.) Sold his holdings about 3 months ago. oil/gas field services 0 0 0 0 0 0 comments	(A Top Pick Sept 10/10. Up 7.54%.) Sold his holdings about 3 months ago. oil/gas field services 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $12.530 Owned No
TOP PICK	Pason Systems Inc.(PSI-T) September 10, 2010 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Robert McWhirte President, Selective Asset Mana... Price $11.820 Owned Yes
HOLD	Pason Systems Inc.(PSI-T) April 15, 2010 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Peter Brieger Chairman &, GlobeInvestment Capi... Price $11.700 Owned No
PAST TOP PICK	Pason Systems Inc.(PSI-T) February 25, 2009 (A Top Pick Feb 28/08. Down 22.8 %.) Sold in order to raise cash. Still likes. oil/gas field services 0 0 0 0 0 0 comments	(A Top Pick Feb 28/08. Down 22.8 %.) Sold in order to raise cash. Still likes. oil/gas field services 0 0 0 0 0 0 comments Peter Brieger Chairman &, GlobeInvestment Capi... Price $10.800 Owned No
BUY	Pason Systems Inc.(PSI-T) July 16, 2008 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Peter Brieger Chairman &, GlobeInvestment Capi... Price $16.150 Owned Unknown
BUY	Pason Systems Inc.(PSI-T) May 16, 2008 Directional driller. With higher gas prices, there will be an increase in drilling. oil/gas field services 0 0 0 0 0 0 comments	Directional driller. With higher gas prices, there will be an increase in drilling. oil/gas field services 0 0 0 0 0 0 comments Glenn MacNeill, CIO & Sr. , Lawrence Asset Manag... Price $16.750 Owned No

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