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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
Post by OptsyEagleon Jan 16, 2019 9:04am
306 Views
Post# 29238425

Awesome

AwesomeWell, now I know why PSD has not been buying back any on its shares in the last few months. Quite an irregularity when it comes to PDS. I haven't looked at the metrics of the Seitel deal but you could not find a better environment to negotiate a purchase like this. One should be able to imagine that when they get all Seitel's revenue with almost no increase in costs, it means it all the revenue will go directly to profits. The only negatives I see is short term I suspect Seitels telephone was ringing about as quietly as Pulse's and one cannot expect a lot of revenue, but as I said, almost all revenue becomes profit, especially with another $50 million non cash depreciation deduction to get rid of any nasty taxes.
Bullboard Posts