ZenaTech's DaaS Oil and Gas Business Enters a Strengthened Market with Higher Oil Prices and More Than US$500 Billion in Expected Canadian Energy Investment Over the Next Decade
ZenaTech provided an update on its energy sector field services operations in Western Canada, noting that its recent acquisition Velocity Geomatics is entering a strengthened market with oil prices up over 45% in Q2 versus last year and Canada's oil and gas industry expected to attract more than US$500 billion in investment over the next decade.
Why it matters — ZenaTech shareholders would care because this update indicates that the company's oil and gas business, bolstered by the Velocity Geomatics acquisition, is poised to benefit from rising oil prices and significant long-term investment in the Canadian energy sector.