Pason Systems is a leading global provider of specialized data management systems for drilling rigs.
Income Investor
Pason continues to sell at very attractive valuations (9.5 times estimated 2024 earnings) and represents a lower-risk way to gain exposure to oil-drilling activity in North and South America. Pason has managed to increase its average daily rate to $1,000 a day, while the industry as a whole has seen revenues shrink. Buy now for a reasonable yield and the opportunities offered by its new IWS completions business and its Energy Toolbase solar business. - Gavin Graham
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PSI was first recommended here on March 8, 2016