Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, August 18, 2023

Article Excerpt

PULSE SEISMIC INC., $2.20, symbol PSD on Toronto, owns and licenses Canada’s largest seismic data library focused on the energy sector. The data covers the Western Canada Sedimentary Basin (WCSB) in Alberta, northeast British Columbia, Saskatchewan, Manitoba, Montana, parts of the Northwest Territories and the Yukon. It also owns marine data for Canada’s east coast. Oil and gas exploration firms use that data to find subsurface faults and fissures and so decide the best spots to drill for fossil fuels. Pulse makes money by repeatedly relicensing the data from its seismic data library to those oil and natural gas exploration companies which must then interpret it. Recently, the company has begun working with companies searching for non-traditional forms of energy, such as geothermal, as well as lithium. In addition, its data is licensed to customers exploring for helium and those involved in the development of carbon capture utilization and storage projects. On July 1, 2023, Pulse announced a seismic data licensing agreement with…