Base forming since 2018I have put below the long term chart of PD.
As you can see,it as been base forming since 2018.You don't see that base forming when looking at short term graph(Less than 10 years).
If i am right in my bullish stand on this sector, there is tremendous upside to PD,ESI, TOT and AKT.A
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 and TOT are 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. 