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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

Post by MoneyMkron Nov 11, 2020 10:24am
294 Views
Post# 31876917

What now?

What now? Horrific Q3 results. Unless there is an alternative use for seismic data that is discovered soon, this is a dying business. The 2021 outlook for Oil & Gas activity in western Canada is worse than 2020, there is large consolidation within the E&P Industry resulting in less customers, a movement towards greener policy changes & environmental/alternative energy sources, ongoing pipeline controversy and efforts to get product to tidewater all result in less need for this data, which Pulse has demonstrated for the past few years in their results. The charts say it all. I am curious why the larger share holder see value in this company, time value of money and declining share price over the past 6 years would indicate a poor choice in investment? Sure there may be a few larger wins down the road with transactional sales based on the consolidation but this will eventually end. Probably not the best business model. It is great that management reports cost controls, they have been saying this for years but where are the efforts to generate alternative revenue sources? The current path looks like a road to privatization, competitor merger or bankruptcy? Thoughts?
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