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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

Comment by lifeisgood1010on Mar 19, 2024 1:11pm
175 Views
Post# 35940963

RE:AKITA Drilling will release earnings March 21, 2024

RE:AKITA Drilling will release earnings March 21, 2024Thanks Angles,

Was hoping tonight or tomorrow.

I am taking a plane Friday morning at 7:00 am.At least, i will see them before leaving.

My expectation for Q4 are very low.Activity is soft but day rates seems healthy.

For me it's a value play for the long run.One might reply that it could be a value trap.

With Trans Mountain in view.This should support WCS.IF oil can stay in the $75 to $85
we will do more than fine with Akita.

Akita is more of a oil than a gas driller but if gas were to start moving from these lows
this could be a +

This will be my final post until April.

The Trans Mountain Pipeline Expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later, Danielle Smith, the Premier of Alberta said on Tuesday in an interview.



The Trans Mountain Pipeline Expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later, Danielle Smith, the Premier of Alberta said on Tuesday in an interview.


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