Pason Systems Inc. (PSI.TO), Interviews with The Wall Street Transcript
Wall Street Transcript
January 3, 2014 12:30 PM
67 WALL STREET, New York - January 3, 2014 - The Wall Street Transcript has just published its Oil & Gas: Drilling Equipment and Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Oil Price Expectations - Shale, Offshore and Deepwater Drilling - Unconventional Resources - Bundled Oil and Gas Services - Oil and Gas Transportation Services - Dividend Yields for Energy Investors - Domestic Crude Prices - International Energy Opportunities
Companies include: Pason Systems Inc. (PSI.TO) and many more.
In the following excerpt from the Oil & Gas: Drilling Equipment and Services Report, the President, CEO and Director of Pason Systems Inc. (PSI.TO) discusses company strategy and the outlook for this vital industry:
TWST: Can you begin with a brief introduction to Pason Systems, including some highlights from the company's history and an overview of your current operations?
Mr. Kessler: Pason Systems was established in Calgary, Alberta, Canada, in 1978, and it became a public company in 1996. It's trading on the Toronto Stock Exchange, has about 82 million shares outstanding and has a market capitalization of approximately $1.8 billion at this point. Pason provides technologies, information and services primarily for oil and gas drilling operations.
Our mission is to improve the effectiveness, efficiency and safety of those drilling operations, and we do this in two ways: one, we deploy innovative and simple-to-use, rig-tough technologies that are supported by the industry's most advanced service organization; and we provide the most flexible data and applications to enable effective collaborations between the field and the office.
There are four areas to our product and service ecosystem. The first one is in the area of data acquisition. This is where we help our customers - oil and gas companies or the drilling contractors on oil or gas wells - acquire all the relevant information about what's going on in the drilling process, either down-hole or on the surface. We're really strong in what we call advanced peripherals and advanced sensors around that. Secondly, we enable the communication of that data from the field to the office. So you may have an E&P company, like an Exxon or a Chevron that is drilling a well in a remote area in Canada or elsewhere - we communicate that data back to the office of the customer by way of satellite communications or through terrestrial cellular networks. Third, we store the data for the customer in our own data centers and/or we deliver the data to wherever the customer needs it, either in their own back office or on a mobile device. They can display either real time or historical drilling information on a tablet, on a smartphone, etc. And then, lastly, we ...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.finance.yahoo.com/news/...resident-ceo-director-173000710.html
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