Come On GuysWTI crude is over $86 per barrel with WCS going up just as strongly. Nat. Gas is very strong. All of PSDs customers are trying to figure out what to do with their rediculous cash flows. Does anyone here think that maybe, just maybe, they might decide to replenish their reserves by drilling the living daylights out of their land holdings...or...buy up some competitors.
The reason I mention this is because any of those two events, drilling and mergers puts money into the pockets of Pulse Seismic. That money has no other place it can go but into the pockets of Pulse Seimic shareholders.
If you are an investor that needs it all spelled out for you, then just reread the above. I can't keep buying all of it and PSD will be limited in how much bargain buying they can do at these prices also. This is a $5 stock or it will be when someone buys the entire company.