Welcome to our dedicated page for Pulse Seismic news (Ticker: PLSDF), a resource for investors and traders seeking the latest updates and insights on Pulse Seismic stock.
Pulse Seismic Inc. reports developments tied to its business of acquiring, marketing and licensing 2D and 3D seismic data for the western Canadian energy sector. The company’s licensable data library covers the Western Canada Sedimentary Basin, where Canadian oil and natural gas exploration and development activity is concentrated.
Recurring news includes quarterly and annual financial results, seismic data license sales, EBITDA and free-cash-flow commentary, and capital returns through regular or special dividends. Pulse also reports normal course issuer bids, share cancellations, annual meeting voting results, director elections and advisory votes on executive compensation.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Pulse Seismic Inc. (TSX:PSD, OTCQX:PLSDF) has announced changes to its Board of Directors ahead of the AGM on May 3, 2023. Grant Grimsrud will retire, and the Board thanks him for his five years of service.
Patrick Ward is proposed for election to the Board. With over 40 years in the Canadian oil and gas sector, Mr. Ward is the President and CEO of Aqua Solutions Inc. He previously founded and led Painted Pony Energy Ltd., which was acquired by Canadian Natural Resources Limited in 2020.
Pulse Seismic is a market leader in seismic data acquisition and licensing, boasting the largest licensable seismic data library in Canada, covering approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic, primarily in the Western Canada Sedimentary Basin.
Pulse Seismic Inc. (TSX: PSD, OTCQX: PLSDF) has initiated an automatic share purchase plan (ASPP) to facilitate repurchases of its common shares under a normal course issuer bid (NCIB). The company received TSX approval to buy up to 3,070,659 shares, representing 10% of its public float, from November 16, 2022, to November 15, 2023. The ASPP allows the broker to purchase shares during periods when the company cannot trade due to regulatory constraints. Pulse is a leader in acquiring and licensing 2D and 3D seismic data, holding the largest licensable seismic data library in Canada, covering the Western Canada Sedimentary Basin.
Pulse Seismic Inc. (OTCQX: PLSDF) reported significant declines in its financial performance for the year ended December 31, 2022. Total revenue dropped to $9.6 million, down from $49.2 million in 2021. The company experienced a net loss of $7.9 million compared to a net profit of $21.5 million the previous year. Key metrics showed EBITDA at $2.0 million, down from $42.6 million, with shareholder free cash flow plummeting to $3.2 million from $32.1 million. Despite these results, the board approved a quarterly dividend of $0.0125 per share. The company maintains a cash balance of $5.8 million and is debt-free.
Pulse Seismic Inc. (OTCQX:PLSDF) announced a $4.0 million contract for 3D seismic data licensing in West Central Alberta, enhancing its data library critical for exploration and development companies. Preliminary revenue estimates for 2022 stand at approximately $9.6 million, with the company remaining debt-free and holding about $5.3 million in cash and a $25.0 million undrawn revolving credit facility. The annual financial results will be disclosed on February 16, 2023. Pulse operates the largest licensable seismic data library in Canada, covering crucial areas for oil and gas exploration.