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FAST-MOVING, HIGH-PERFORMANCE DRILLING RIGS
Leading intermediate North American land drilling contractor



Bullboard - Investor Discussion Forum AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s):  AKTAF | T.AKT.B

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

Bullboard (TSX:AKT.A)

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Post by lifeisgood1010on Nov 14, 2024 12:10pm

Stampede Drilling outlook.More of the same

Stampede Drilling reported last night. It's a small outfit with 19 rigs. Still more of the same when it comes to the outlook.Like i wrote previously. EVERY company is seing the same ...more  
Post by DPSMAN7on Nov 14, 2024 10:58am

Added to my watchlist

This could be big for Akita
Post by lifeisgood1010on Nov 14, 2024 10:11am

Paramount part 2

I was looking who is Paramount using for it's drilling as of yesterday. Paramount are using the 5 drilling rigs of Fox Drilling and one with Western Energy. Paramount also as one Western ...more  
Post by lifeisgood1010on Nov 14, 2024 9:53am

Paramount budget for 2024 = $575 million

I got this from AI without doing other research so do your own DD But from the likes of it there is a good potential for drilling $$ if Akita can get some works here in Canada since they are ...more  
Post by lifeisgood1010on Nov 14, 2024 9:43am

Ovintiv possible impact on Akita

I have never seen Paramout as a customer of Akita. But Akita as been drilling in the Permian this year for Ovintiv. This massive acquisition of Paramount will/ could provide opportunity for Akita to ...more  
Post by Jonathon Brownon Nov 14, 2024 8:03am

Buzz on the Bullboards: TSX hits new high amid holiday optimism and sector disparities

Post by lifeisgood1010on Nov 12, 2024 1:17pm

Already more than Q2

We are not even half way throught Q4 and Akita as performed more working days than in Q2 Today, they have reached 474 working days and in Q2 it was 473 In Q3 it was 698. Akita should do about ...more  
Post by lifeisgood1010on Nov 08, 2024 8:58am

All on the same page

So far, EVERY company that have reported Q3 results are seeing and saying the same thing in regards to the activity outlook for the drilling and service drilling sector in Q4 and 2025. If it were ...more  
Post by lifeisgood1010on Nov 06, 2024 8:29am

Trump impact on the drillers

There was a temporary ban from the Democrats on new LNG project in the USA. With Trump in power, these ban will be lifted.This will increase the demand for gas drilling in the Permian. Politics ...more  
Comment by Newinvestor123on Nov 05, 2024 6:31pm

RE:Re: discussing Akita's earning report

I also own Major Dilling Group International  Group Inc along with Akita. Earlier today MDI snapped up a small driller in Peru and MDI shares popped by about 8.5%. My fear is with Akita trading ...more  
Post by lifeisgood1010on Nov 05, 2024 5:07pm

Re: discussing Akita's earning report

I said so many time what i think about Akita, i don't realy know what more to say But i will give it a try once again. I said EPS would come between 3 to 5 cents.They came in at 3 cents. I said ...more  
Post by Angleson Nov 05, 2024 2:58pm

Why is no one discussing the earnings report?

Is it because it was lower than expected? Or that their debt increased? I would like to know what everyone thinks?
Comment by lifeisgood1010on Nov 04, 2024 5:58pm

RE:RE:More than double the activity

The only analyst who follow Akita. He works for ATB
Post by lifeisgood1010on Nov 04, 2024 1:36pm

More than double the activity

In Q2 Akita had 473 operating days in Canada (31%) So far in Q4, with 35 days out of 92 days completed in the quarter(38%) Akita has 390 operating days done or 66%. That more than double the ...more  
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Investor Presentation

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Akita Drilling Ltd. With CEO - Colin Dease & CFO Darcy Reynolds

Investment Opportunity

Leading Intermediate North American Land Drilling Contractor

14 high-spec drilling rigs
operating exclusively in the
US Permian Basin

17 Canadian drilling rigs primary tailored for oilsands development and a growing deep gas presence

Value of rigs almost 7x market cap

Free Cash Flow of $21 million generated in the first half of 2023



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Contact Us

Shareholders and security analyst inquiries should be directed to:
Darcy Reynolds
– Vice President, Finance and Chief Financial Officer

1000, 333 – 7th Ave SW
Calgary, Alberta T2P 2Z1
Phone: (403) 292-7537
Email: darcy.reynolds@akita-drilling.com