10:25 AM EST, 11/04/2024 (MT Newswires) -- Pason Systems ( PSYTF ) -- due to release 2024 Q3 results On November 7, 2024 -- was removed from RBC Capital Markets' Global Energy Best Ideas list due to "reduced near-term catalysts resulting from flatter US rig and frac count trajectory", RBC said in a Monday note.

"We still believe the company has differentiated exposure to longer-term growth in drilling and

completion service lines," RBC said.

Pason ( PSYTF ) maintained its Outperform rating and C$18 price target.

The company's share price rose 1.3% at last look to near $13.60 on the TSX.

Price: 13.57, Change: +0.18, Percent Change: +1.34