| BUY | 16.150 | Peter Brieger | Most of the service stocks are being dragged down because of a fear that natural gas will go back to $8.50 or $9. Good opportunity to buy. | 2008-07-16 | |
| BUY | 16.750 | Glenn MacNeill, P.Eng. | Directional driller. With higher gas prices, there will be an increase in drilling. | 2008-05-16 | |
| TOP PICK | 14.000 | Peter Brieger | The world’s largest renter of equipment and services on a daily basis for oil wells and natural gas wells. Has gone through a bad time and thinks it is in a recovery mode. | 2008-02-28 | |
| WAIT | 16.880 | Peter Brieger | It has suffered along with the other drillers and companies. It's fully priced right now. Wait and see the 2nd and 3rd quarters. | 2007-06-04 | |
| BUY | 14.720 | Peter Brieger | Probably more money to be made in the oil service area than in oil itself. He is buying Zed.i Solutions (ZED-X), Trican (TCW-T) and Pason (PSI-T) for new accounts. | 2007-04-04 | |
| HOLD | 13.260 | Peter Brieger | The only company in the world that rents equipment to oil/gas drilling companies. Less drilling will have an impact on them in the short-term. Having great market penetration in the US. | 2006-12-29 | |
| BUY | 14.710 | Peter Brieger | A premier company. P/E ratio based on next year's earnings is 15. Price/Cash Flow ratio is lower on trusts, so he is looking at these instead. Still a good company to own. | 2006-11-29 | |
| DON'T BUY | 14.490 | Robert Floyd | Numbers are lukewarm. | 2006-11-13 | |
| WATCH | 15.610 | Peter Brieger | One of his favourites. He recently sold it but is looking for a re-entry point. He sold 1/2 his position at $19. | 2006-09-26 | |
| PAST TOP PICK | 15.990 | Peter Brieger | (A Top Pick Sept 15/05. Up 14%.) Sold half his position at $20. A world-class company. Revenues are increasing. Getting good penetration in the US. | 2006-09-13 | |
| PAST TOP PICK | 16.360 | Peter Brieger | (A Top Pick July 21/06. Up 50.2%.) In the short-term, doesn't expect much upside because of the worries of drilling activity, rig count and pricing pressures. | 2006-08-09 | |
| DON'T BUY | 17.370 | Bill Harris | Has extraordinary technology but is quite expensive. | 2006-06-09 | |
| BUY | 31.580 | Peter Brieger | Oil/gas servicing. Very cheap stock relative to the industries P/E. | 2006-04-03 | |
| HOLD | 33.690 | Peter Brieger | The recent weakness in this stock is related to other energy securities.
It is a unique company. The largest provider of equipment on a daily rental basis, to oil and gas business in North America.
You need to be patient, with a 2 to 3 year view. | 2006-03-13 | |
| BUY | 34.650 | Peter Brieger | Past history shows that they have enormous moves and then go quiet for a while. Likes this space going forward. Even if oil prices flatten out for the next 3 years, oil/gas explorecos are going to make a fortune and will be spending more and more money on exploration. One of the safer sectors to be in at the moment. | 2006-01-30 | |
| BUY | 28.200 | Peter Brieger | It continues to expand the number of products it has, to assist the drillers of oil and gas. Rental of equipment on a daily basis gets progressively higher. The big kicker is going to be the continued penetration of the US market. Selling at 16.6 X next year's earnings. Thinks their growth will continue 20% per year. | 2005-11-29 | |
| PAST TOP PICK | 27.700 | Peter Brieger | (A Top Pick Aug 17/05. Up 8.5%.) Supplies equipment on a daily rental bass to the drillers. The benefit to the drillers is that the use of Pason's equipment makes drilling more efficient in cost and time. Still buying for his new accounts. | 2005-11-15 | |
| PAST TOP PICK | 27.000 | Peter Brieger | (A Top Pick June 29/05. Up 26%.) Likes the service company space energy approach. Taking some profits to get his weighting in line, but still buying for new accounts. | 2005-10-04 | |
| TOP PICK | 25.100 | Peter Brieger | (A Top Pick May 18/05. Up 32%.) Short term it's fully priced at 22 X expected earnings this year and 14 X next year. Ownership of an oil service company has to be in the context of oil hanging in at between $55 and $65. If there is a downturn, it could be vicious. | 2005-08-17 | |
| TOP PICK | 21.300 | Peter Brieger | The only company in the world that on a daily rental basis provides equipment to oil/gas well drillers. Have most of the market in Canada. Have gone from nowhere in the US 3 years ago to 40% of the market and is increasing very sharply. Looking for $1.15 this year and $1.55 next. Very cheap compared to other companies. | 2005-07-21 | |
| TOP PICK | 21.800 | Peter Brieger | (Was a Top Pick Apr 5/05. Up 17%.) Would buy on weakness. There will be some weakness in the 2nd quarter because of weather related factors in Alberta. Would Buy more at $19. | 2005-06-29 | |
| DON'T BUY | 20.780 | Brian Acker, CA | Model price is 20.79, so fairly valued. | 2005-06-09 | |
| TOP PICK | 19.300 | Peter Brieger | Energy is the place to be and prefers being in the service sector. Has been gaining market share in the US. Daily revenue rates has risen from $35 a day per drill to more than $100. Adding new products both in Canada and the US. Early spring breakup caused havoc in the 1st quarter. | 2005-05-30 | |
| TOP PICK | 38.990 | Peter Brieger | The world leader in supplying equipment on a daily rental basis for the drilling of oil/gas. Have a strangle hold on the market. Starting to show great penetration in the US. No debt. | 2005-05-18 | |
| TOP PICK | 38.000 | Peter Brieger | World's largest supplier of equipment to enhance the drilling of oil and natural gas. Major market share in Canada and going gang busters in the US with market share at 40%. Have 2 to 3 new products which are going very well. The short term problem is that due to bad weather they had a lower 1st quarter than what they would have liked. This will be picked up later in the year. | 2005-04-26 | |
| TOP PICK | 37.470 | Peter Brieger | Earnings are picking up. The world's leader in the rental of equipment which enhances the information flows on production on oil/natural gas wells. No debt. 30% ROE. | 2005-04-05 | |
| BUY | 38.590 | Peter Brieger | The world's largest supplier of rental equipment. One of his favourites. | 2005-03-14 | |
| BUY | 36.550 | Peter Brieger | Still one of his favourite stocks. Looking for $1.66 in earnings last year, $2.40 this year and could be as high as $3. | 2005-01-13 | |
| BUY on WEAKNESS | 37.000 | Peter Brieger | Would buy in the $36/37 range. There is a longer term aspect in the development of the Russian oil fields. | 2004-12-31 | |
| BUY | 32.050 | Peter Brieger | "Oil service" is the route to go if you are playing the long term energy growth. Lower risk than buying the producers. | 2004-11-16 | |
| STRONG BUY | 30.780 | Peter Brieger | One of his favourite stocks. Has not done much of anything lately and has dropped a bit which creates a buying opportunity. Adding 2 new products which could add considerably to daily rental volumes and improving their market share in the US dramatically | 2004-10-28 | |
| BUY | 31.500 | Peter Brieger | Ther has been weakness in drilling activity because of the wet weather. Offsetting that is super growth in the US. | 2004-10-13 | |
| BUY on WEAKNESS | 31.320 | Peter Brieger | A good hold for 3 years. Wet summer making it difficult to move drilling rigs and 3rd quarter will be down. Would buy on weakness. 2 new products coming on stream. | 2004-09-29 | |
| STRONG BUY | 32.800 | Peter Brieger | Still likes. | 2004-09-15 | |
| VAGUE | 32.850 | John Stephenson | Shorterm: stock might go up 5% more. Be cautious. | 2004-08-30 | |
| PAST TOP PICK | 32.600 | Robert McWhirter | (Past top pick Jan 15/04. Up 23%.) | 2004-08-20 | |
| HOLD | 32.980 | Peter Brieger | Canadian operations were disappointing because of excessive wet weather in western Canada. However, there were major increases in market share from the US. | 2004-08-18 | |
| BUY on WEAKNESS | 34.480 | Peter Brieger | Using 15 X forward earnings, the stock is probably fairly priced. However, comparing the price earnings ratio to its US peers the price could reach $44/54. | 2004-08-04 | |
| BUY | 32.800 | Peter Brieger | Sells at about 15 X '05 earnings. Comparable to US companies at 20/25 X, this is cheap. | 2004-07-20 | |
| PAST TOP PICK | 30.150 | Peter Brieger | (Past top pick Apr 14/04. Down 3.5%.) At a good point to buy. There will be a continuing demand for oil fields. At a good price. | 2004-07-05 | |
| BUY | 32.300 | Peter Brieger | Will earn $1.80 this year and $2.20 next year. Very cheap compared to US peers. | 2004-06-17 | |
| HOLD | 33.700 | Peter Brieger | At 15 X next year's earnings, it's fully priced. US investors are starting to look at it and could put it at 25 X earnings which would put the stock up into the $40's. | 2004-05-04 | |
| TOP PICK | 31.690 | Peter Brieger | (A past top pick Mar 16/04. Up 16.7%.) American buying has now come in. Adding new products to their existing customer base. | 2004-04-14 | |
| BUY | 29.500 | Peter Brieger | Been a top pick for last 2 years. Target of $44. | 2004-03-31 | |
| TOP PICK | 27.000 | Peter Brieger | (A top pick Feb 4/04. Up 2.3%.) Good management. Debt free. | 2004-03-16 | |
| HOLD | 27.100 | David Burrows | They are doing very well, not it's an expensive company. | 2004-03-15 | |
| TOP PICK | 28.500 | Peter Brieger | At a 15 multiple, the price should be $33, an increase of 20%. Feels that it will probably go to a 20 times multiple. | 2004-03-01 | |
| BUY | 27.500 | Robert McWhirter | Ranks at the very top of their database. Have an 80% market share for devices on drilling equipment. | 2004-02-12 | |
| TOP PICK | 26.000 | Peter Brieger | Supplies equipment to oil and gas companies. Enormous success. Quite a run up. | 2004-02-04 | |
| TOP PICK | 27.000 | Peter Brieger | The world's largest equipment rental on a daily basis for oil and gas. Debt-free. US funds are now becoming interested. | 2004-01-20 | |
| TOP PICK | 26.450 | Robert McWhirter | #1 ranked stock in their Canadian database. 27% earnings growth. | 2004-01-15 | |
| TOP PICK | 24.980 | Peter Brieger | No debt. 30% return on equity. Has a unique product that is unmatched in the world. | 2003-12-30 | |
| PAST TOP PICK | 24.000 | Peter Brieger | (A past top pick Nov 25/03. Up 12%.) Would buy more at $21/22. | 2003-12-22 | |
| TOP PICK | 25.250 | Peter Brieger | Has a history of having great moves and then moving sideways for 3 to 6 months. Expects earnings of $1.80 in 2004 and $2.50 in 2005 which would put you up around $37. Nibble at this one. gets you to $27 | 2003-12-10 | |
| TOP PICK | 21.500 | Peter Brieger | (A top pick Oct 8/03. Up 15.6%.) Still likes. Has no peer anywhere in the world. Buy on any pullback. | 2003-11-25 | |
| TOP PICK | 20.000 | Peter Brieger | Came in with gangbusters earnings. Target for earnings is $1.80. | 2003-11-12 | |
| TOP PICK | 20.250 | Peter Brieger | Has done everything they expected. One-year target is $27. There could be a pull back at this time. Strong management. | 2003-10-15 | |
| STRONG BUY | 20.000 | Robert McWhirter | Ranks in the top 10% of the database. Earnings estimates have gone up 4% in the last 30 days. Earnings momentum is very strong at 14%. Year-over-year earnings are up over 180%. | 2003-10-10 | |
| TOP PICK | 18.250 | Peter Brieger | (A top pick August 27, 2003. Up 14.5%.) Daily rental rates have been rising. Have about 90% of the wells in Canada and expects penetration in the US to grow from 35% to 45%. Looking for $1.40 this year. | 2003-10-08 | |
| BUY | 18.000 | Gavin Graham | Depends on whether the oil and gas sectors will continue to expand. Have had some positive developments. | 2003-09-18 | |
| TOP PICK | 17.250 | Peter Brieger | A unique company in North America. Putting a 15 times multiple on next year's earnings. | 2003-09-17 | |
| TOP PICK | 15.550 | Peter Brieger | (Was A top pick Jun 16/03. Up 17.7%.)Continually adds new products.Daily rental rates have been going up steadily.Tremendous market opportunity in the US. | 2003-08-27 | |
| TOP PICK | 15.600 | Peter Brieger | A unique provider in high tech oil and gas services.Introducing new products. A long-term hold. | 2003-08-13 | |
| TOP PICK | 13.950 | Peter Brieger | Unique product. A backlog of orders. Thinly traded. | 2003-07-16 | |
| TOP PICK | 13.250 | Peter Brieger | (Was a top pick on Apr 22/03. Up 9.6%.) Unique in North America. Earnings are expected to be $1.23 this year and $1.67 next, but thinks it will be higher. | 2003-06-16 | |
| TOP PICK | 13.500 | Peter Brieger | (Was a top pick on May 2. Up 11.8%.) First quarters revenues are up 40%. Very cheap. No debt. | 2003-06-03 | |
| TOP PICK | 12.070 | Peter Brieger | Has been flat and thinly traded. Precision Drilling is talking about a need for 20,000/22,000 new wells to be drilled just to stay even with the demand. | 2003-05-02 | |
| TOP PICK | 12.220 | Peter Brieger | (Was a top pick on April 10. Up 1.25%.)A unique product with no direct competition. No debt. A 30% return on equity. | 2003-04-23 | |
| TOP PICK | 12.000 | Peter Brieger | (Was a top pick on Feb 26. No change.) A lot of wells being drilled and they are increasing rentals of their equipment. | 2003-04-10 | |
| TOP PICK | 11.920 | Peter Brieger | Good product. Increasing their market share in the US. | 2003-02-07 | |
| TOP PICK | 12.250 | Peter Brieger | (Was a top pick on Nov 18. Up 2.1%.) Still Likes. | 2003-01-15 | |
| TOP PICK | 11.750 | Peter Brieger | Cheap. Good earnings expected. | 2002-12-30 | |
| BUY | 12.150 | Craig Porter | Their busy season is coming. Have a good pipeline of new products. | 2002-12-10 | |
| TOP PICK | 11.550 | Peter Brieger | Drilling has grown substantially in the last while and should continue. | 2002-10-23 | |
| TOP PICK | 11.950 | Peter Brieger | (Was a top pick on Sept 9 also. Down 1.2%) Still buying. Expects drilling will increase next year. Wait until after the 3rd quarter before buying. | 2002-10-03 | |
| TOP PICK | 12.150 | Peter Brieger | (Was a top pick on July 31. Down 7%) Expects a $1.50 in earnings. | 2002-09-09 | |
| BUY | 12.250 | Glenn MacNeill, P.Eng. | Great margins, good profitability and well managed. | 2002-08-29 | |
| TOP PICK | 12.050 | Peter Brieger | Very cheap. Expects US oil companies will be looking at taking them out. | 2002-08-14 | |
| TOP PICK | 13.000 | Peter Brieger | (Was a top pick on May 24. Down 2.5%) Expects earnings to grow. Very cheap. Drilling should pick up in 2003. | 2002-07-31 | |
| TOP PICK | 12.900 | Peter Brieger | (Was a top pick onApril 30. Up.) Expects earnings to go up from .86 this year to $1.40 next year. | 2002-06-07 | |
| TOP PICK | 12.310 | Peter Brieger | (Was a top pick on Mar 27. No change) Still likes. Cheap. | 2002-05-24 | |
| TOP PICK | 11.750 | Peter Brieger | (Was a top pick on Mar 15 down 6%) Still likes. Very cheap. | 2002-04-30 | |
| TOP PICK | 12.510 | Peter Brieger | Sells at 10 X next years earnings so its cheap. | 2002-03-27 | |
| TOP PICK | 12.900 | Peter Brieger | Very little competition with high prospects on oil drilling. | 2002-03-19 | |
| BUY | 10.000 | Peter Brieger | Should take off. | 2002-02-15 | |
| STRONG BUY | 8.400 | Peter Brieger | Good takeover candidate. | 2001-11-14 | |
Experts that have talked about Pason Systems Inc.
