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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 wizthewizon Jul 02, 2023 10:22am
179 Views
Post# 35524154

O/G companies have reserves for many years

O/G companies have reserves for many yearsPSD will eventually be needed by the O/G companies but many of them already have identified years of reserves. This recent purchase--a nice one at that--might be the start of something--only time will tell. But now is the time to have a position already established in PSD as it will not stay this low--even into the fall, IMO. I would like to see from mgm in some detail how they are expanding their library databases and positioning the company other than just being fiscally responsible and keeping the servers running. I have a full position now and at average cost of $180 and at $1.70 it still looks like a bargain. This one is a likely double from here.BOL
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