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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 Feb 09, 2013 4:50pm
158 Views
Post# 20963589

RE: RE: OE, EG and B... Consider this...

RE: RE: OE, EG and B... Consider this...

Their cash burn rate is much less than $12m imo.   They don't have much office space and they sub out the actual data surveys so it's not like these people are sitting idle when there is no new work.  SG&A is consistently below $10m and was $5m in slower years. 

As for trends, they can end at anytime.  I never put too much faith in them and I will let the fundamentals guide whether or not I sell this stock. 

This is a great business model, and I'm actually surprised there have been no takeover attempts, or attempts to take it private. 

Bullboard Posts