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

Energy Oil & Gas Drilling

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

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Comment by Hockeyzon Jun 17, 2024 2:13pm

RE:RE:RE:RE:Question please

Akita trades about 25,000 to 30,000 shares per day. In order to establish a meaningful position (for a wealthy person) of at least say 250,000 Akita shares, a person would have to buy every share ...more

132

Discussion

Comment by pennydredfulon Jun 16, 2024 4:48pm

RE:RE:RE:RE:Question please

Its easier to be a yes man if you have no shares perhaps that is what the ...more

Discussion

Comment by auburn2on Jun 15, 2024 3:03pm

RE:RE:RE:Question please

Only 1 of 9 directors has meaningful shareholdings. The directors are all very senior executives with plenty of money. They know more about this company than would any of us outsiders. Therefore, if ...more

135

Discussion

Comment by lifeisgood1010on Jun 13, 2024 7:39am

RE:RE:Question please

Once again, very good post Hockeyz. Thanks for the quality of your posts same for Blindpig. Akita rig number 26 as been retrofit to gas drilling ans as been drilling for Shell I was just ready this ...more

111

Discussion

Comment by pennydredfulon Jun 12, 2024 10:51pm

RE:RE:More consolidation in the industry needed

May need to be more of a merger . Stampede Drilling could be a candidate . There needs to be a ...more

Discussion

Comment by blindpigon Jun 12, 2024 7:45pm

RE:More consolidation in the industry needed

This would be my first question to the bod if they didn't just have virtual annual meetings. They seem to be talking more about being the aquirer than the aquiree. Not sure how that is ...more

Discussion

Post by pennydredfulon Jun 12, 2024 3:08pm

More consolidation in the industry needed

I wonder where Akita stands re that . Obviously a road they have been down ...more

148

Discussion

Comment by pennydredfulon Jun 12, 2024 2:59pm

RE:RE:Question please

One pundit believes solar will replace gas and in particular US govt has been throwing a lot ...more

Discussion

Comment by Hockeyzon Jun 12, 2024 2:57pm

RE:Question please

Yes, aeco pricing is currently at $0.80Cdn. per gigajoule. But, as per the bottom chart in your link, Aeco futures pricing is ramping up to $3 in January’2025 and for the next 3-4 years (at ...more

126

Discussion

Comment by lifeisgood1010on Jun 12, 2024 6:56am

RE:Question please

Good morning Angles, Akita is much more tilted to oil then gas.Recently they have converted one rig(number 26) to gas. It has been drilling for Shell for the past few months.I know they are in the ...more

110

Discussion

Post by Angleson Jun 11, 2024 3:55pm

Question please

Hi guys, I have a quick question that concerns AKITA's future stock price and here is why. Don't get me wrong, as I strongly believe in the value and future of AKT.A, I just wonder if anyone ...more

285

Discussion

Post by lifeisgood1010on Jun 11, 2024 8:09am

Fairfax increasing it's Ensign position

First of all, once again thanks to Hockeyz and Blindpig for the good posts. The Warren Buffet of the North(Prem Watsa,Fairfax) is seeing value and getting Ensign on the cheap. TORONTO, June 11 ...more

144

Comment by Hockeyzon Jun 10, 2024 1:25am

RE:RE:RJ comments on PD: Drilling Rig Market in Canada is Sold Out

PD (Precision Drilling) is sold out due to the start-up of the Trans Mountain pipeline expansion, followed by LNG Canada, all supporting substantially increased Canadian drilling activity for oil and ...more

128

Discussion

Comment by Hockeyzon Jun 10, 2024 1:14am

RE:RE:RE:RJ comments on PD: Drilling Rig Market in Canada is Sold Out

From Precision Drilling (PD) June'24 investor presentation, it calls its Canadian fundamentals the strongest in a decade. From the Precision Drilling Q1’24 quarterly report, the outlook for North ...more

Discussion

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CANADIAN RIGS U.S. RIGS PRESENTATION SENIOR EXECUTIVE TEAM INDIGENOUS PARTNERS ESG FINANCIALS

Investor Presentation

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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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

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

Alternate Symbol(s): AKTAF | T.AKT.B

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Investor Presentation

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

Investment Opportunity

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