Pason Systems Inc T.PSI

Alternate Symbol(s): PSYTF

Energy Oil & Gas Equipment & Services

Pason Systems Inc. is a Canada-based provider of specialized data management systems for drilling rigs. The Company develops and delivers hardware, software, and services, primarily for the oil and gas drilling industry in 12 countries. The Company’s solutions include data acquisition, wellsite reporting, remote communications, Web-based information management, and analytics, enabling collaboration between the rig and the office. Its products include AutoDriller, Communications, DAS, DataHub with Pason Live, DataLink, Electronic Choke Actuator (eChoke), Electronic Drilling Recorder (EDR), Gas Analyzer, Hazardous Gas Alarm System (HGAS), Pit Volume Totalizer (PVT) and Toolface Control. Through its subsidiary, Energy Toolbase Software Inc (ETB), the Company provides products and services for the solar power and energy storage industry. ETB’s solutions enable project developers to model, control and monitor the economics and performance of solar energy and storage projects.

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Pason Systems Inc > National Bank Financial

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Post by Possibleidiot01on Jan 17, 2021 9:10am

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Post# 32315026

National Bank Financial

Pason Systems upgraded to Outperform from Sector Perform at National Bank National Bank analyst Greg Colman upgraded Pason Systems to Outperform from Sector Perform with a price target of C$10.50, up from C$7.50. A "moderated pace" of recovery in rig counts, combined with Pason's relatively high degree of operating leverage, should to drive a ~100% year-over-year improvement in EBITDA generation in 2022, Colman tells investors in a research note.

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PSYTF 05:35 01/15/21	Pason Systems upgraded to Outperform from Sector Perform at National Bank National Bank analyst Greg Colman upgraded Pason Systems to Outperform from Sector Perform with a price target of C$10.50, up from C$7.50. A "moderated pace" of recovery in rig counts, combined with Pason's relatively high degree of operating leverage, should to drive a ~100% year-over-year improvement in EBITDA generation in 2022, Colman tells investors in a research note.

PSYTF 05:35 01/15/21

Pason Systems upgraded to Outperform from Sector Perform at National Bank

National Bank analyst Greg Colman upgraded Pason Systems to Outperform from Sector Perform with a price target of C$10.50, up from C$7.50. A "moderated pace" of recovery in rig counts, combined with Pason's relatively high degree of operating leverage, should to drive a ~100% year-over-year improvement in EBITDA generation in 2022, Colman tells investors in a research note.

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