PSYTF - Pason Systems Could Grind To A Halt For Now
Pason Systems Has Multiple Barriers Ahead
Pason Systems (PSYTF) provides instrumentation data management systems for drilling rigs in Canada, the United States, and in other international markets. I think Pason will move sideways in the near term. Assuming an upstream capex consolidation, it will resume growth in the medium to long run.
The penetration of Drilling Intelligence and data delivery products will continue to roll the company’s revenue growth. The other drivers that can boost the company’s top line and bottom line are stronger energy activity in the international markets and higher returns