Pulse Seismic Inc T.PSD

Library sales history

[Binkie]

I'm new to this stock so I'm wondering if any long term holders know who has purchased seismic from them (or Seitel) in the past and if any of those names have strong M&A rumors swirling? I'm also interested in knowing if previous customers have recently acquired new leases in bid rounds the past year or two? Any insights are appreciated

[OptsyEagle]

Not asking for too much are you?  I doubt anyone posting a list of merger rumours would be very helpful?  If a merger happens you can pretty much assume PSD will make a lot of money from it unless those companies don't drill in Western Canada. As for the companies who have purchased seismic services recently, the correct answer is "everyone that needs one".  Pulse'

[Binkie]

Just looking for information I can't find elsewhere to help me with an investment decision. When I looked at last years sales performance it appeared 2 sales accounted for about half the revenue which leaves about 25million unaccounted for. With hundreds of companies in the market, and the significant rise in Capex spending last year, it appears not everybody purchased seismic from them? Didn&

[OptsyEagle]

No offense taken.  I have noticed with PSD that they tend to get the larger amount of transaction (merger) sales when drilling is slow and the higher amount of traditional (seismic survey) sales when drilling is high. We know the industry took a nosedive in drilling, over the last 2 years, so I am not sure those years would represent what PSD will sell in surveys going forward. 

[Binkie]

I looked back at their history and I think 2014 was their best year, and 2021 was second best. Mind you they over doubled the library in 2019 so they appear to be well positioned for new corporate records this year,  but it's not like other stocks I own where revenue streams are so opaque. But the upside is tantalizing