Pulse Seismic Inc T.PSD

Alternate Symbol(s): PLSDF

Energy Oil & Gas Equipment & Services

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

Pulse Seismic Inc

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Comment by EliGoldon Nov 18, 2014 10:40pm

160 Views

Post# 23142456

RE:Share Buybacks vs. Special Dividend

Current NCIB is far from exhaustion. Not that it matters much. They renew NCIB on an annual basis in mid-December. We are less than a month away from the next renewal.

FYI... NCIB specifies two quotas:

1. daily buy back quota on the open market = 25% of the average daily volume in the last 6 months before renewal

2. annual quota = 10% of the public float

They can do block trades in excess of the daily quota, but block trades are still subject to the annual quota. Once they exhaust the annual quota, it's a full stop for the year.

Average daily volume is up year over year. The next NCIB should bump the daily quota from 18K shares a day to 22-25K shares a day.

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