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AKITA Drilling Ltd AKTAF


Primary Symbol: T.AKT.A Alternate Symbol(s):  T.AKT.B

Energy Oil & Gas Drilling
AKITA Drilling Ltd. provides contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The Company is an oil and gas drilling contractor with a fleet of about 32 drilling rigs. Its United States fleet is supported out of its operations base in Midland, Texas and consists of 13 high specification AC triple rigs, one high specification AC double rig and one DC triple rig, all serving the Permian Basin. With a fleet of 17 rigs, its Canadian division operates in Alberta, British Columbia, Saskatchewan, and as market conditions dictate, the Yukon and the Northwest Territories. The Canadian division operates both wholly owned rigs and rigs. Its Canadian division primarily operates in the oil sands, heavy oil regions and in the Montney deep gas basin. In addition, the Canadian division plays a role in drilling potash and other energy transition targets, including carbon capture wells, hydrogen storage wells and geothermal wells.


TSX:AKT.A - Post by User

AKITA Drilling Ltd
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Post by lifeisgood1010on Nov 21, 2024 3:06pm
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Post# 36324467

We will run short on all energy supply(Eric Schmidt)

We will run short on all energy supply(Eric Schmidt)Those who did their homework and saw that this sector was going from
head winds to huge tail winds are reaping the benefits.

ESI has just hit a 12 months high.Pd is also up again today while
Akita is still being mostly ignored.

Nat gas price going up as predicted by the drillers in their last 3 quarters report
is happening.

This will be very good for nat gas drilling here in Canada and in the USA

A lot of nat gas will be needed to fuel the data centers(AI)

The former CEO of Google(Eric Schmidt) recently said

"If we do not tackle the energy needs for Ai, we will run short on all energy supply."

Schmidt said that if we don't improve our energy infrastructure, the U.S. might run out of enough power for these demands within the next four years. Schmidt admits that these energy-hungry AI systems could make it even harder to meet climate goals.
 
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