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Pulse Oil Corp. ( (TSE:PUL) ) just unveiled an update.
Pulse Oil Corp. has amended its loan Facility Agreements, increasing the total loan amount from $2.25 million to $4.25 million to further fund its Bigoray EOR project’s solvent injection program. The company has been injecting solvent into the Nisku D pool, resulting in a 20% increase in production at its Bigoray facility. The project is showing positive results, with improvements in oil quality and production rates, and Pulse remains optimistic about continued success as it monitors the program’s progress.
Spark’s Take on TSE:PUL Stock
According to Spark, TipRanks’ AI Analyst, TSE:PUL is a Neutral.
Pulse Oil Corp. receives a score of 51, reflecting significant challenges in financial performance and valuation. While the company has a strong equity position with no debt, it struggles with profitability and cash flow management. The bearish technical indicators and negative P/E ratio further weigh down the overall score. Improvements in operational efficiency and cash generation are necessary for future growth.
To see Spark’s full report on TSE:PUL stock, click here.
More about Pulse Oil Corp.
Pulse Oil Corp. operates in the energy sector, focusing on enhanced oil recovery (EOR) projects. The company is primarily involved in the production of sweet light crude oil through solvent injection programs in its Nisku D and E pools.
Average Trading Volume: 175,455
Technical Sentiment Signal: Sell
Current Market Cap: C$9.35M
For an in-depth examination of PUL stock, go to TipRanks’ Overview page.