PSYTF - Pason Systems Looks Up To A Robust Balance Sheet To Bail Out
Pason Systems Will Stay Down For Now
Pason Systems (PSYTF) suffers from a sharp crash in drilling activity in North America. The drilling activity decline has affected its Drilling Intelligence product group. On top of that, its Communications and Drilling Intelligence product sales have stayed low due primarily to the shift in communications platform.
Over the long term, the company's diversification strategy can add value through the application of the iEMS control system and the Energy DataHub products. Because completions activity will be first to recover after the current turmoil stabilizes, I expect