Lars Olesen - Pason Systems Vice President - Product Management

PSYTF Stock  USD 10.15  0.19  1.84%   

President

Mr. Lars Olesen is Vice President Product Management of the Company. He leads the strategic planning, development, and commercialization of Pasons innovative suite of rigsite and office products. Lars joined Pason in 1999 as the companys first marketing and sales representative. During his 18year tenure Lars has held numerous progressive sales, business development, and product management roles, with the most recent being Director, Rigsite Solutions, Product Line Management. Prior to Pason, Lars spent a number of years with a directional drilling company in a well planning and sales capacity. Lars holds a Bachelor of Commerce degree from the University of Calgary. since 2017.
Tenure 7 years
Phone403 301 3400
Webhttps://www.pason.com

Pason Systems Management Efficiency

The company has return on total asset (ROA) of 0.1486 % which means that it generated a profit of $0.1486 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2382 %, meaning that it generated $0.2382 on every $100 dollars invested by stockholders. Pason Systems' management efficiency ratios could be used to measure how well Pason Systems manages its routine affairs as well as how well it operates its assets and liabilities.
Pason Systems has accumulated 6.43 M in total debt with debt to equity ratio (D/E) of 0.02, which may suggest the company is not taking enough advantage from borrowing. Pason Systems has a current ratio of 4.23, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Pason Systems until it has trouble settling it off, either with new capital or with free cash flow. So, Pason Systems' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Pason Systems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Pason to invest in growth at high rates of return. When we think about Pason Systems' use of debt, we should always consider it together with cash and equity.

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Pason Systems Inc., an energy services and technology company, provides data management systems for drilling rigs in Canada, the United States, and internationally. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada. Pason Systems operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. Pason Systems [PSYTF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Pason Systems Leadership Team

Elected by the shareholders, the Pason Systems' board of directors comprises two types of representatives: Pason Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pason. The board's role is to monitor Pason Systems' management team and ensure that shareholders' interests are well served. Pason Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pason Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
Heather Hantos, VP HR
Reid Wuntke, I Software
Celine Boston, Chief Officer
Ben Thomas, Director Unit
Natalie Fenez, VP Sec
CFA CPA, CEO Pres
Timur Kuru, President and General Manager - USA
Bryce McLean, Vice President - Operations, Canada
Lars Olesen, Vice President - Product Management

Pason Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Pason Systems a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Pason OTC Stock

Pason Systems financial ratios help investors to determine whether Pason OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pason with respect to the benefits of owning Pason Systems security.