Recommendation: Speculative Buy
| Entry Date | Symbol | Recommendation | Entry Price (CAD) | Target 1 (CAD) | Target 2 (CAD) | Holding Duration | Potential Upside |
|---|---|---|---|---|---|---|---|
| 4 Jun, 24 | PSI | Speculative Buy | CAD 16.243 | CAD 17.6 | CAD 18.55 | 30 days | 14.2% |
Data Powered by EOD Historical Data (“EODHD”).
Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. The company offers Electronic Drilling Recorder, which monitors and records drilling operations around the rig; DataHub for data and information collected from the rig for on-demand retrieval; DataLink service provides direct connection interfaces for IT systems and analytics tools; Pason Live for monitoring rig operations in real-time using desktop computers or mobile devices; and daily and end-of-well KPI reports provide visual statistics on rig performance. It also provides Drilling intelligence to suggest drilling parameters, detect disfunction, and send event alerts to onsite personnel and remote engineers in real time; and Drilling automation, a reality across rig platforms. In addition, the company offers Pason Gas Analyzer for real-time gas measurement; a robust system of alarms and sensors to monitor ambient gasses in the atmosphere and in the drilling fluids; and Pason Pit Volume Totalizer to track the volumes, gains, and losses of drilling fluids on location. Further, it provides phone and chat support, field support, proactive monitoring, drilling optimization support, and office support for data integration services. The company serves E&P operators, drilling contractors, and other oilfield service companies. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada.
| Entry Price | Support* | Target 1 | Target 2 |
|---|---|---|---|
| 16.243 | 15.0 | 17.6 | 18.55 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Energy Industry: Oil & Gas Equipment & Services
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PSI Pason Systems Inc. |
0.11 0.78% | 14.16 | 9.45 | 11.38 | 3.13 | 2.80 | 2.68 | 5.90 |
| MATR Shawcor Ltd. |
0.20 1.64% | 12.71 | - | - | - | - | ||
| CEU CES Energy Solutions Corp |
-0.04 0.51% | 7.76 | 6.71 | 6.32 | 0.41 | 1.38 | 0.61 | 4.74 |
| TCW Trican Well Service Ltd. |
0.04 0.87% | 4.66 | 8.04 | 7.27 | 0.93 | 1.74 | 0.90 | 3.56 |
| EFX Enerflex Ltd. |
0.22 2.50% | 9.01 | - | 11.56 | 0.27 | 0.54 | 0.71 | 5.77 |
Data Powered by EOD Historical Data (“EODHD”).
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer :
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