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AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s):  AKTAF | T.AKT.B

AKITA Drilling Ltd. is a Canada-based intermediate land drilling contractor. The Company and its subsidiaries provide contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The Company owns and operates 35 drilling rigs (33.65 net of joint venture ownership). The Company provides contract drilling services through two geographical divisions: Canada and the United States (US). With a fleet of 20 rigs, the Company’s Canada division operates in Alberta, British Columbia, Saskatchewan, and from time to time, in the Yukon and the Northwest Territories. The Canadian division operates both wholly owned rigs and rigs that are partially owned by the Company. US division conducts operations with a fleet of 15 rigs and operates in Texas and New Mexico in the Permian Basin.


TSX:AKT.A - Post by User

Post by lifeisgood1010on Mar 01, 2024 2:42pm
75 Views
Post# 35909981

Doubling or more within 12 months

Doubling or more within 12 months
The mind as a funny way of working when it comes to investing.

When a stock is dirt cheap, investors thinks that there must be something wrong with the company.

At the opposite, when it appreciate in value, they almost trip over themself to buy.

Most are not properly wired to make big gains in the stock market.They let their emotions take over.

Akita's 12 month high is $1.99 witch is not that far.Once we get over $2, you

will see volume swelling and even more when it goes over Nov. 2022 high of $2.17.

If you look at a 5 year chart, you will noticed that the stock is basing and has higher lows 
since 2020.I have put below the 5, 10 and 30 year charts.

Nice weekend to all




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