Precision Drilling Corp T.PD

AKT.A vs. PD (Akita Drilling vs. Precision Drilling)

[Hockeyz]

My (Hockeyz) recent Akita Bullboard post:

Also, I have followed Eric Nuttall for the last few years which has been very profitable. Eric manages the multi-billion dollar Ninepoint Energy fund, one of the largest energy funds in Canada. Eric has not had a drilling/service company position in his Energy fund for the last few years, but he has recently taken a large position in Precision Drilling, PD. Eric’s fund is so large that he does not invest in smaller energy companies. Thats why I like to look at other companies in the drilling sector that Eric does not invest in.  The most undervalued drilling/service company I found was Akita. The average analyst target price for PD is $125, for a 54% upside to the current $81 share price, while the analyst target price for Akita is $3.30, which is a $128% upside from the current $1.45 share price. Or more than double the upside of Akita (128%) over PD (54%) per the analyst target prices. 

[Hockeyz]

Another recent Akita Bullboard post by Hockeyz: Here are a few other comparisons of Akita Drilling to Eric Nuttal’s top drilling/service company stock pick, Precision Drilling (PD). I looked at results for the last 12 months up to the end of Q3’2023 since Akita has not reported Q4’2023 yet.  Revenue for Akita is 238M, or 12.3% of the 1,941 at PD. Net Income before taxes for Akita is 28.6M,