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Pulse Seismic Inc T.PSD

Alternate Symbol(s):  PLSDF

Pulse Seismic Inc. is a Canada-based company, which 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 licensable seismic data library in Canada, consisting of over 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic. The library covers the Western Canada Sedimentary Basin. Seismic data is used by oil and natural gas exploration and development companies to identify portions of geological formations that have the potential to hold hydrocarbons. Seismic data is utilized by those requiring advanced geophysics to maximize the probability of project success including companies exploring for non-traditional forms of energy such as lithium, companies developing carbon capture, utilization, and storage projects, and companies exploring for helium. It offers its database in various formats, including Seg P1 Format (NAD27) and ESRI Shapefile Format.


TSX:PSD - Post by User

Bullboard Posts
Comment by Baysarjon Aug 08, 2011 7:48pm
228 Views
Post# 18919212

RE: RE: Earnings

RE: RE: EarningsThe data is good forever my friend.  However, because of accounting rules they have to amortize this data on a straight-line business.  That is also why it's considered a capital expense when they do a participation survey, since it becomes "new" data.

Don't be frustrated as this should be your best friend!  That is one of the main reasons why this company is so undervalued in my opinion, because so many people don't understand it.

It's all about free cash flow and EBITDA.

The dividend in my opinion is very conservative, so expect regular increases from here on. 

Bullboard Posts