Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, July 9, 2010

Article Excerpt

PULSE SEISMIC INC., $1.44, symbol PSD on Toronto, buys, sells and licenses seismic data to clients in western Canada. Most of Pulse’s customers are oil and gas companies. Pulse is buying the entire 2D and 3D seismic-data library of exploration-services company Divestco (Toronto symbol DVT). The purchase will increase the size of Pulse’s library by 127%. Divestco needed to sell the library to pay down debt. Pulse will pay Divestco $50 million in cash and 14.3 million Pulse common shares. The library contains about 80,000 kilometres of 2D data and 15,000 kilometres of 3D data, and includes highly active areas like the Cutbank Ridge, northeastern B.C.’s Montney shale-gas region, and several oil and natural-gas properties in Alberta’s Deep Basin area. Thin-trading Pulse Seismic is still a buy for aggressive investors. MAJOR DRILLING, $23.55, symbol MDI on Toronto, has bought North Star Drilling of Little Falls, Minnesota, for $3 million U.S. The purchase is small for Major Drilling, but it lets the…