Seismic Data Updates

A note to subscribers: We will have an update on Seitel (SELA.ob) and Pulse Data (PSD.TO), once we have had a chance to listen to PSD.TO´s earnings call. In general, investors need to be aware that the 2nd and 3rd quarters are generally seasonally weak quarters for these two companies, so current quarterly results are not really the best indicators of long-term investment merit. That said, we were quite happy to hear Seitel´s very bullish remarks on the long-term growth of the Canadian seismic market. This is bullish longer term for PSD.TO, which is down significantly today after reporting, what is at first glance, a weak earnings report. Stay Tuned...