RE:RE:Share repurchase program???!!!Yes. This one seems to be a show me stock these days as opposed to investors using any kind of foresight. I understand their business revenues are volitile but that would be a bigger problem with a company that depended on them. With PSD they can run their operation with pretty much one employee answering a telephone or responding to order emails. They have a perfect hedge in that when oil/gas prices are booming, drilling picks up creating good traditional sales for them and when oil/gas prices are declining mergers and acquisition pick up creating great transactional sales for them. When this money comes in they tend to either pay down debt, buy back shares or pay dividends since they don't have any other use for it. How sweet is that?
The last thing investors need to understand is that their peak stock performance levels will be much higher then they were in the past because they pretty much doubled their business when they acquired their largest competitor Seitel, in 2019. This stock will not just go to previous highs in this current cycle but will probably move towards twice those levels. Remember, they really don't have any competitors and it is just way too expensive for their customers to drill if they don't have a good picture (seismic survey) of what is down there.