Pulse Oil Corp. (PUL) AI Stock Analysis

• Market Cap: C$6.23M
• Dividend Yield: N/A
• Average Volume (3M): 81.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.91
• Revenue Growth: -23.57%
• EPS Growth: -388.89%
• Country: CA
• Employees: 2
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 623,465,640
• 10 Day Avg. Volume: 56,820
• 30 Day Avg. Volume: 81,445
• PEG Ratio: -0.02
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 1.74
• P/FCF Ratio: 4.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$0.01 ▼(-50.00% Downside)

The score is primarily constrained by weak TTM profitability (large losses) and negative free cash flow, with additional pressure from bearish technical signals (below major moving averages and negative MACD). Low leverage supports the outlook but is not enough to offset the current earnings and cash-flow weakness.

Positive Factors

Low leverage (strong balance-sheet flexibility)

Very low debt-to-equity (~0.10) gives the company financial flexibility to withstand prolonged weak earnings or negative cash flow. This reduces insolvency risk, preserves borrowing capacity, and supports funding of turnaround or growth initiatives without immediate dilutive financing.

Positive gross margin on core operations

A ~28% gross margin indicates underlying production economics are healthy despite downstream losses. Strong unit-level margins mean management can target overhead reductions and operational improvements to restore profitability without needing to change core assets or market exposure.

Operating cash flow remains positive

Positive TTM operating cash flow shows the business can generate cash from operations, providing a base to fund working capital and some reinvestment. If capex is managed, consistent OCF supports longer-term viability and reduces total reliance on external capital.

Negative Factors

Severe net losses and deeply negative margins

A net margin near -135% reflects sizable operating and non-operating shortfalls that erode equity and shareholder value. Persistent large losses increase the need for external financing, constrain reinvestment, and suggest structural cost or scale problems that must be resolved for long-term recovery.

Negative and inconsistent free cash flow

Negative and volatile free cash flow forces dependence on financing or asset sales to fund capex and losses. In an E&P business, cyclical cash flow variability plus negative FCF increases execution risk, potential dilution, and limits ability to invest in value-accretive projects sustainably.

Declining revenue and collapsing EPS

Sharp revenue (-23.6%) and EPS declines signal weakening top-line performance and collapsing profitability. Structural revenue erosion makes fixed-cost absorption harder and limits scalability; without durable revenue recovery, sustaining margins and restoring returns will be difficult.

Pulse Oil Corp. Business Overview & Revenue Model

Company Description

Pulse Oil Corp. engages in the exploration and production of oil and natural gas projects in Alberta. It owns 100% interests in the Bigoray assets covering approximately 5,029 net acres of land in the Bigoray area of Alberta; and the Queenstown assets covering approximately 4,781.26 net acres of land in the Queenstown area of Alberta. The company was formerly known as Wolfpack Capital Corp. and changed its name to Pulse Oil Corp. in December 2016. Pulse Oil Corp. was incorporated in 2012 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Pulse Oil Corp. generates revenue through the production and sale of crude oil and natural gas. The company explores and develops oil and gas properties, extracting these resources and selling them to various markets, including refineries and other energy companies. Its key revenue streams include the sale of barrels of oil and cubic feet of natural gas. Additionally, Pulse Oil Corp. may engage in joint ventures and partnerships to expand its operations and resource base, potentially reducing operational risks and costs while increasing revenue opportunities. The company's financial performance is influenced by factors such as commodity prices, production volumes, and operational efficiency.

Pulse Oil Corp. Financial Statement Overview

Summary

Pulse Oil Corp. faces challenges with profitability and cash flow management, despite a solid equity position. Revenue growth is promising, but operational efficiencies must be improved to achieve sustainable financial performance. The company's financial stability is supported by a strong equity base and zero debt, but strategic improvements are necessary to enhance profitability and cash generation.

Income Statement

Pulse Oil Corp. has shown volatility in its revenue performance. The TTM (Trailing-Twelve-Months) report indicates a gross profit margin of 40.26% and a net loss margin of -18.93%. EBIT and EBITDA margins are 2.87% and 22.14% respectively. Despite a recent increase in revenue, profitability remains a challenge with persistent net losses, highlighting operational inefficiencies.

Balance Sheet

The balance sheet reflects a strong equity base, with an equity ratio of 86.43% in the TTM period and no debt, indicating financial stability. The lack of leverage is positive, but the company needs to improve asset efficiency to enhance overall financial health.

Cash Flow

Cash flow analysis reveals negative free cash flow in the TTM period, driven by significant capital expenditures. The operating cash flow to net income ratio is negative due to net losses, suggesting difficulties in converting revenue into cash. The company needs to optimize cash flow management to support growth and stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.07M	5.38M	2.98M	5.73M	3.10M	965.84K
Gross Profit	1.14M	2.86M	1.18M	1.98M	450.22K	-988.69K
EBITDA	-3.65M	-2.44M	-36.17K	2.87M	2.21M	-2.47M
Net Income	-5.47M	-4.28M	-1.70M	1.58M	823.11K	-3.18M
Balance Sheet
Total Assets	30.97M	29.56M	28.72M	32.35M	20.02M	17.22M
Cash, Cash Equivalents and Short-Term Investments	398.04K	1.09M	227.97K	4.30M	145.60K	102.51K
Total Debt	2.39M	0.00	120.00K	120.00K	519.40K	120.00K
Total Liabilities	6.87M	5.10M	4.05M	6.11M	6.00M	5.50M
Stockholders Equity	24.10M	24.45M	24.67M	26.23M	14.02M	11.73M
Cash Flow
Free Cash Flow	-1.41M	1.97M	-2.62M	-2.56M	-1.56M	-149.20K
Operating Cash Flow	763.50K	2.24M	1.45M	3.24M	953.81K	-105.63K
Investing Cash Flow	-2.50M	-5.35M	-5.27M	-9.35M	-2.52M	-43.57K
Financing Cash Flow	1.85M	3.97M	-249.35K	10.26M	1.61M	-127.49K

Pulse Oil Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PUL, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.54 is Neutral, neither overbought nor oversold. The STOCH value of 133.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PUL.

Pulse Oil Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BNG	47 Neutral	C$7.28M	-1.69	-16.45%	―	-32.11%	66.67%
CWV	46 Neutral	C$14.22M	-5.91	-16.40%	―	295.02%	78.28%
PUL	45 Neutral	C$6.23M	-1.14	-20.40%	―	-23.57%	-388.89%
CEC	41 Neutral	C$8.46M	-2.91	-43.43%	―	―	-1150.00%
TCF	39 Underperform	C$4.16M	―	-73.96%	―	―	―

Pulse Oil Corp. Corporate Events

Pulse Oil Corp. Expands Funding for Successful EOR Project

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.