PSYTF - Pason Systems' Long-Term Growth Opportunities Surpass The Short-Term Headwinds
Pason Systems Makes Its Way Out Of The Short-Term Barriers
Pason Systems (PSYTF), which provides instrumentation data management systems for drilling rigs, is likely to benefit from stronger energy activity in the international and Canadian markets in the near-term. For the medium-to-long-term growth, it has started to diversify into servicing the non-traditional energy sources. Also, after the investment in Intelligent Wellhead Solutions, it will service the completions market.
However, the rig count decline in the U.S. is likely to hit Pason’s energy business. The shift in communications platform (from satellite to terrestrial bandwidth)