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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

Post by MoneyMkron Nov 11, 2020 10:24am
267 Views
Post# 31876917

What now?

What now? Horrific Q3 results. Unless there is an alternative use for seismic data that is discovered soon, this is a dying business. The 2021 outlook for Oil & Gas activity in western Canada is worse than 2020, there is large consolidation within the E&P Industry resulting in less customers, a movement towards greener policy changes & environmental/alternative energy sources, ongoing pipeline controversy and efforts to get product to tidewater all result in less need for this data, which Pulse has demonstrated for the past few years in their results. The charts say it all. I am curious why the larger share holder see value in this company, time value of money and declining share price over the past 6 years would indicate a poor choice in investment? Sure there may be a few larger wins down the road with transactional sales based on the consolidation but this will eventually end. Probably not the best business model. It is great that management reports cost controls, they have been saying this for years but where are the efforts to generate alternative revenue sources? The current path looks like a road to privatization, competitor merger or bankruptcy? Thoughts?
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