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Bullboard - Stock Discussion Forum AKITA Drilling Ltd T.AKT.B

Primary Symbol: T.AKT.A Alternate Symbol(s): AKTAF

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

Bullboard (TSX:AKT.A)

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Post by lifeisgood1010on May 14, 2024 2:52pm

Annual meeting

I did attend the virtual annual meeting today. Colin Dease and Darcy Reynolds seemed quite upbeat for H2.They said that they think they will be running 12 rigs in the US from 8 right now. They also ...more

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Discussion

Post by lifeisgood1010on May 08, 2024 9:02am

running at least 11 rigs in Canada by August."

If this were to happen, i would be very pleased. Darcy Reynolds also told me that wee were confident for them to have more drilling rigs working in the second half of 2024. The value is there, it ...more

217

Discussion

Energy Co Unveils Q3 2024 Results: Record Growth & Strategic Expansion

posted Nov 21, 2024 9:00am by Coelacanth Energy Inc.

In Q3 2024, Coelacanth started the construction of its planned $80.0 million infrastructure project that includes over 35 kilometers of pipelines and a facility to handle current behind pipe volumes and future expansions. Ultimately the facility will be able to handle approximately 16,000 boe/d of which Coelacanth has approximately 4,400 boe/d tested but shut-in at the 5-19 Two Rivers East pad ...read more

Comment by lifeisgood1010on May 08, 2024 7:24am

RE:RE:Akita Drilling Ltd. Price Target Raised to C$3.75/Share

Thanks Blindpig for the info. on ATB involvement with Akita Couldn't agree more with all of your comments. For Akita to be bettter valued at least one of the things you have mentionned will ...more

118

Discussion

Comment by blindpigon May 07, 2024 11:55pm

RE:Akita Drilling Ltd. Price Target Raised to C$3.75/Share

ATB I think is the only one that covers Akita. They are also Akita's banker and did give lots of covenant relief before and during Covid. They treated Akita pretty good being a government owned ...more

141

Discussion

Post by lifeisgood1010on May 07, 2024 12:38pm

Akita Drilling Ltd. Price Target Raised to C$3.75/Share

I haven't post on this board because there was nothing to say about Akita. I still hold my 97600 shares(Who cares).In such a slow drilling market, i was expecting a small loss yesterday just like ...more

247

Discussion

Post by Angleson May 06, 2024 5:44pm

First Quarter Results

AKITA announces first quarter results with net income of $2.6 million and EBITDA of $12.5 million for the quarter. CALGARY, AB, May 6, 2024 /CNW/ - AKITA ...more

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Post by PressReleaseon May 06, 2024 5:25pm

New Press Release - AKITA announces first quarter results with net income of $2.6 million and EBITDA of $12.5 million for the quarter.

CALGARY, AB, May 6, 2024 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)AKITA Drilling Ltd. ("AKITA" or the "Company") announces results for the three months ended March 31, 2024.The Company achieved net income of $2,627,000 and EBITDA[1] of $12,519,000 in the first quarter of 2024. This compares to net...read article.

Comment by blindpigon May 02, 2024 10:24pm

RE:RE:First Quarter Results

If that's the best Akita can achieve this stock will be stuck in the current $1.5 range for the foreseeable future. The bod needs to come up with a plan to enhance shareholder value. A merger with ...more

151

Discussion

Comment by Angleson May 01, 2024 1:13pm

RE:First Quarter Results

I would note that the estimate for earnings for this upcoming first quarter are currently at $0.05 per share. With an estimate of $0.12 for the entire 2024 year. Plus, the current estimate for ...more

275

Discussion

Post by Angleson May 01, 2024 11:48am

First Quarter Results

According to Darcy Reynolds, AKITA Drilling's V. P. of Finance, they will be releasing their first quarter results on Monday May 06, 2024 after the market close. Good luck to all AKT.A ...more

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Discussion

Comment by Possibleidiot01on Apr 18, 2024 2:36pm

RE:RE:RE:RE:RE:RE:RE:Eric Nuttall - Drilling Companies

Virtual-only meetings erode shareholder democracy, group warns The Canadian Press Thu, April 18, 2024 at ...more

198

Discussion

Comment by blindpigon Apr 18, 2024 12:58am

RE:RE:RE:RE:RE:RE:Eric Nuttall - Drilling Companies

Hey Angles, thanks for the post. I messaged you directly. Noticed that their AGM on May 14 is being done virtually again. Not sure why when Covid is a thing of the past. I' ...more

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Discussion

Comment by Angleson Apr 17, 2024 5:36pm

RE:RE:RE:RE:RE:RE:Eric Nuttall - Drilling Companies

I am attaching a link to the CAOEC Drilling Rig Directory for anyone's review. https://caoec.ca//Files/Rig_Directory/CAOEC%20-%202023%20Rig%20Inventory%20Directory%20-%20WEB%20-%20small.pdf ...more

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Discussion

Comment by Angleson Apr 17, 2024 1:32pm

RE:RE:RE:RE:RE:Eric Nuttall - Drilling Companies

Hey Blindpig, In the meantime, if you own that much of the company (1.5% = 600,000 shares), I would contact Daniel Halyk of Total Energy Services directly and do the same with Colin Dease, along ...more

258

Discussion

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Bullboard - Stock Discussion Forum AKITA Drilling Ltd T.AKT.B

Primary Symbol: T.AKT.A Alternate Symbol(s): AKTAF

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