Petroleum Geo-Services (Oslo: PGS, OTC: PGSVY) provides higher-end seismic solutions to deepwater operators, a segment of the market that offers superior returns. The company’s high-density 3-D data products account for 70 percent of new orders, and demand should continue to increase as E&P firms target increasingly complex deepwater fields.

A pure play on an uptick in spending on exploration, Petroleum Geo-Services is the latest addition to the Gushers Portfolio. Although it’s usually preferable to buy stocks on the local exchange, most subscribers will find it difficult to buy stocks listed in Oslo. The company’s over-the-counter American Depository Receipts (ADR) trade under the symbol “PGSVY” and track the performance of the Oslo-listed shares relatively well. Daily trading volume averages about 30,000 shares, so subscribers should use a limit order to ensure a favorable purchase price.

Petroleum Geo-Services’ ADR shares rate a buy under USD16.

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