Bullboard - Stock Discussion Forum AKITA Drilling Ltd T.AKT.B

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

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... see more

TSX:AKT.A - Post Discussion

AKITA Drilling Ltd > We will run short on all energy supply(Eric Schmidt)

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Post by lifeisgood1010 on Nov 21, 2024 3:06pm

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.