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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 InstitutionalPMon Jul 22, 2021 9:20am
173 Views
Post# 33586946

Great Q2 Update

Great Q2 UpdateHighlights for me were very strong revenue, 93% Cash EBITDA margin and gigantic flow through down to free cash flow that enabled massive debt repayment. Net debt is now only $4 million and they still have about $10 million of sales coming from a deal they announced earlier in the year suggesting they will easily be in a net cash position very soon. They don't need to invest any more capital so all of the free cash flow can go back to shareholders in the form of share buy backs and dividends. I prefer share buy backs at this point considering the enormouse free cash flow yield. They are yielding 15% free cash flow over the first half of the year alone or 30% annualized. This stock should  more than double IMHO. GLTA.
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