Review of Pason Systems Inc.

NOV 26, 2024 - PSI continues to be an interesting opportunity for investors looking for exposure to energy equipment & service providers. The company continues to offer an attractive yield and has historically been effective in returning capital to shareholders. We are maintaining our rating at a B, but if the broader drilling conditions improve and the inclusion of IWS can be effective, there could be a capacity to upgrade PSI.

Download Report

{tplLang.businessdescription | toLang tLang}

{ profileData.description }

{tplLang.details | toLang tLang}

{tplLang.ceo | toLang tLang}

{profileData.profile.details.ceo}

{tplLang.employees | toLang tLang}

{profileData.profile.details.employees | numeraljs '0,0'}

{tplLang.issuetype | toLang tLang}

{profileData.profile.details.issuetype | asIssueType}

{tplLang.industryclassifications | toLang tLang}

{tplLang.sector | toLang tLang}

{profileData.profile.classification.sector}

{tplLang.industry | toLang tLang}

{profileData.profile.classification.industry}

{tplLang.toolname| toLang tLang}

There is no {tplLang.toolname| toLang tLang} currently available for {data.symbolstring}.

Pason Systems Inc. (PSI $13.09)
- $13.09 P/E (TTM): 19.25X Cap: $1B
- View PSI Profile
- View Questions on PSI
- View Reports on PSI
CES Energy Solutions Corp. (CEU $18.22)
- $18.22 P/E (TTM): 23.86X Cap: $3.90B
- View CEU Profile
- View Questions on CEU
Ensign Energy Services Inc. (ESI $3.72)
- $3.72 Cap: $670M
- View ESI Profile
- View Questions on ESI
Precision Drilling Corporation (PD $137.60)
- $137.60 P/E (TTM): 35.48X Cap: $1.75B
- View PD Profile
- View Questions on PD
Secure Waste Infrastructure Corp. (SES $22.10)
- $22.10 P/E (TTM): 40.25X Cap: $4.80B
- View SES Profile
- View Questions on SES
Calfrac Well Services Ltd. (CFW $6.34)
- $6.34 P/E (TTM): 25.83X Cap: $587M
- View CFW Profile
- View Questions on CFW
Trican Well Service Ltd. (TCW $7.36)
- $7.36 P/E (TTM): 12.67X Cap: $1.54B
- View TCW Profile
- View Questions on TCW

Q: I’m hoping you may be able to identify a top 10 list of O&G-adjacent companies that could be considered the sector’s “pick-and-shovel” CO’s that could benefit from medium and long term production increases and not so dependant on the commodity price increasing such as what O&G producers are. If possible, please rank from highest to lowest conviction for stock price appreciation over the next 5 years. Thank you.

Read Answer Asked by Tony on December 16, 2025

Parex Resources Inc. (PXT $26.54)
- $26.54 P/E (TTM): 7.62X Cap: $2.60B
- View PXT Profile
- View Questions on PXT
Pason Systems Inc. (PSI $13.09)
- $13.09 P/E (TTM): 19.25X Cap: $1B
- View PSI Profile
- View Questions on PSI
- View Reports on PSI
ATS Corporation (ATS $42.20)
- $42.20 Cap: $4.06B
- View ATS Profile
- View Questions on ATS
- View Reports on ATS
Nutrien Ltd. (NTR $100.70)
- $100.70 P/E (TTM): 34.63X Cap: $49.63B
- View NTR Profile
- View Questions on NTR
kneat.com inc. (KSI $3.52)
- $3.52 Cap: $330M
- View KSI Profile
- View Questions on KSI
- View Reports on KSI
ADF Group Inc. Subordinate Voting Shares (DRX $9.19)
- $9.19 P/E (TTM): 8.78X Cap: $250M
- View DRX Profile
- View Questions on DRX
Luca Mining Corp. (LUCA $1.32)
- $1.32 Cap: $341M
- View LUCA Profile
- View Questions on LUCA

Q: In my TFSA the following companies are all in the red: ATS, DRX, KSI, LUCA, NTR, PSI, PXT. Can you suggest which ones are likely to recover in the next year or two, and which ones I could sell as laggards and reinvest the money in something "growtier". Thank you.

Read Answer Asked by Ivars on December 01, 2025

BCE Inc. (BCE $35.48)
- $35.48 P/E (TTM): 5.32X Cap: $33.03B
- View BCE Profile
- View Questions on BCE
Pason Systems Inc. (PSI $13.09)
- $13.09 P/E (TTM): 19.25X Cap: $1B
- View PSI Profile
- View Questions on PSI
- View Reports on PSI
TMX Group Limited (X $49.62)
- $49.62 P/E (TTM): 32.6X Cap: $13.51B
- View X Profile
- View Questions on X
- View Reports on X
goeasy Ltd. (GSY $37.99)
- $37.99 P/E (TTM): 2.62X Cap: $577M
- View GSY Profile
- View Questions on GSY
- View Reports on GSY
Trisura Group Ltd. (TSU $43.37)
- $43.37 P/E (TTM): 14.48X Cap: $2.04B
- View TSU Profile
- View Questions on TSU
- View Reports on TSU

Q: Firstly, I very much appreciate your tax loss, selling list and the explanations that came with it.

I am down about 22% on both BCE and GSY. Would either or both be appropriate for a tax loss/re-buy strategy?

On PSI, X, and TSU I am down about 6 1/2%. Is it worth considering these for the same strategy, or am I just being silly?

Thank you very much for your help.

Gary

Read Answer Asked by GARY on November 21, 2025