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Pulse Seismic Inc T.PSD

Alternate Symbol(s):  PLSDF

Pulse Seismic Inc. is engaged in the acquisition, marketing and licensing of two-dimensional (2D) and three-dimensional (3D) seismic data to the western Canadian energy sector. The Company owns the licensable seismic data library in Canada, consisting of approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic. It calculates net kilometers of 2D data and net square kilometers of 3D data by multiplying the number of kilometers of seismic data in each 2D line and the number of square kilometers of seismic data in each individual 3D seismic dataset by its percentage of ownership in each. The Company's library covers the Western Canada Sedimentary Basin (WCSB).


TSX:PSD - Post by User

Bullboard Posts
Comment by Baysarjon Feb 09, 2013 4:50pm
156 Views
Post# 20963589

RE: RE: OE, EG and B... Consider this...

RE: RE: OE, EG and B... Consider this...

Their cash burn rate is much less than $12m imo.   They don't have much office space and they sub out the actual data surveys so it's not like these people are sitting idle when there is no new work.  SG&A is consistently below $10m and was $5m in slower years. 

As for trends, they can end at anytime.  I never put too much faith in them and I will let the fundamentals guide whether or not I sell this stock. 

This is a great business model, and I'm actually surprised there have been no takeover attempts, or attempts to take it private. 

Bullboard Posts