Recommendation: Speculative Buy
| Entry Date | Symbol | Recommendation | Entry Price (CAD) | Target 1 (CAD) | Target 2 (CAD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 4 Jun, 24 | PSI | Speculative Buy | CAD 16.243 | CAD 17.6 | CAD 18.55 | 30 days | Closed |
14.33%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Pason Systems Inc., together with its subsidiaries, provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally. The company offers AutoDriller, which delivers smooth payout to maximized rate of penetration and bit life; Communications, a suite of IT solutions that ensures effective collaboration between rig and office; DAS, an automation software delivering faster drilling and reduced wear; DataHub with Pason Live, a cloud service hosting customer well information along with a suite of real-time viewing applications; and DataLink, which connects the drilling data to the real time centres and third party. It also offers Electronic Choke Actuator, which remotely controls the choke valve from the doghouse, rig floor, or other locations on site; Electronic Drilling Recorder, a network of sensors, software, and displays providing real-time drilling data to rig site personnel; Gas Analyzer, which detects changes in relative volume of gases; Hazardous Gas Alarm System, a system that detects the presence of hazardous gases providing visible and audible alerts; Mud Analyzer, an automated rheology measurement in real-time; Pit Volume Totalizer, which measures tank volumes and flow rates from the mud system; and Toolface Control, a directional automation software. In addition, the company provides phone, chat, field, and drilling optimization support services, as well as proactive monitoring and office support services for data integration. It serves 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. |
- -% | 12.68 | 13.53 | 12.03 | 2.27 | 1.90 | 2.12 | 5.86 |
| TVK Terravest Capital Inc |
-1.17 0.69% | 168.88 | 43.52 | 25.45 | 3.65 | 8.77 | 4.74 | 21.59 |
| CEU CES Energy Solutions Corp |
- -% | 7.05 | 8.49 | 7.95 | 0.61 | 1.77 | 0.80 | 5.31 |
| EFX Enerflex Ltd. |
-0.04 0.36% | 11.00 | 12.93 | 12.38 | 0.57 | 0.89 | 0.68 | 3.71 |
| TCW Trican Well Service Ltd. |
0.17 3.27% | 5.37 | 8.52 | 7.91 | 0.85 | 1.66 | 0.89 | 4.03 |
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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