Baker Hughes Company

So SLB would be one.

Another one I like is Baker Hughes, symbol there is BKR.

They are directly involved in a lot of the cryogenic technology and turbines that are used to build these LNG export terminals.

And they also have a data center related business because again, cryogenics, cooling stuff, That is the key to data centers as well as drilling a complicated well or producing a LNG export terminal.

Texas still leads the way as number one, followed by New Mexico and this pretty consistent from the previous quarter.

Rig count, so this is off of the Baker Hughes average.

Total US rig count is 591.

August was approximately 593.

Rig count over time.

So looking at the trend 579 in the US as a whole.

You can see North Dakota at 26 according to the Baker Hughes numbers.

Rigs overtime in the basin again 579.

each of which have invested in technologies for data centers or have agreements to help power data centers.

Also in March, Burgum had dinner with Baker Hughes CEO Lorenzo Simonelli.

Baker Hughes announced a collaboration with Google on technologies for data centers earlier this year.

The CEOs of Devon Energy, Williams Companies, and Sempra Infrastructure, all companies that have made significant moves to be part of the AI boom, were also at the dinner.

About a week later, Burgum met with SpaceX executives, including President Gwynne Shotwell, who has pitched building data centers in space as soon as next year.

And, uh, you know, so that to me is really the key.

If you look at the, the data from Baker Hughes, Canadian gas rig count is only 65 rigs last week versus oil rig count's 141.

The oil rig count is up 12% from a year ago.

So everybody's focusing on the liquids, which of course pay the bills.

And that's where hydrogen has a key role to play.

The evolution of the energy mix over the course of 200 years points to hydrogen advancing faster than any other new energy ever has, Baker Hughes, CEO, Lorenzo Simonelli noted, while emphasising the importance of continued investment in the rewriting of the energy equation as a collective ecosystem to develop the necessary price point.

So, keep focused on the long-term prize that's definitely there, Simonelli urged.

From CF Industries' perspective, the most significant change has really been the maturation of a low-carbon hydrogen and ammonia market in North America, said CF Industries' CEO Chris Bone, while pointing out that this advance had been driven by stronger focus on resilience, competitiveness, and transitioning into project delivery mode.

We're seeing a true spirit of alignment, and that's extremely powerful.

I don't think there are very many new frontiers where you have such a good alignment of complementary partners getting together, Jackow reported.

Simonelli spoke of Baker Hughes working across the entire hydrogen value chain from production, compression, transport, storage and end-use within every major region of the world, which had afforded the company a realistic view of the pace of hydrogen's progress and its elevation from being a decarbonisation discussion to being a much broader energy security solution.

With hydrogen already embedded as a permanent energy reference point, significant action is being seen in Asia, where it is the fastest mover.

All right, uh, any... and one more, Christine?

Let's take a look at Baker Hughes as well, another stock in the red, ticker BKR, and those shares are down six point four percent at the moment.

We did get upga- updated twenty twenty-six guidance for the company, and that includes, uh, uh, some guidance on their newly acquired Ch-Chart Industries.

But, you know, Bloomberg Intelligence noting that the guidance just does reflect initial softness for the business and, uh, the implied seventeen point one percent EBITDA margin is below its standalone margin of twenty-three point eight percent for twenty twenty-five.