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Bullboard - Stock Discussion Forum Pulse Seismic Inc T.PSD

Alternate Symbol(s):  PLSDF

Energy Oil & Gas Equipment & Services
Pulse Seismic Inc. 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 the licensable seismic data library in Canada, consisting of approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic. It calculates net kilometers of 2D data and net... see more

TSX:PSD - Post Discussion

Pulse Seismic Inc > tough Q1 for PSD
View:
Post by gmf1001 on Apr 22, 2022 9:58am

tough Q1 for PSD

We all know that PSD sales are random and subject to massive fluctuations, but almost no sales during Q1 which was dissapointing.  It certainly took a big bite out of the nice gains we had seen over the past couple weeks.  Hopefully, we're at the floor and can see another run up - and hope that Q2 results are better.

https://www.globenewswire.com/news-release/2022/04/21/2426036/0/en/Pulse-Seismic-Inc-Reports-Q1-2022-Results-and-Declares-Quarterly-Dividend.html
Comment by OptsyEagle on Apr 22, 2022 1:06pm
Yes.  The only thing good about it is that even with those sales numbers PSD still had positive cash flow and also have a pretty nice cash balance to pay some extra dividends later. I was a little surprised that we are not seeing a pick up in drilling interest.  I can't believe all the Canadian oil and gas producers still believe they can run actually run a successful energy company ...more  
Pulse Seismic Inc