Join today and have your say! It’s FREE!

We will not release or resell your information to third parties without your permission.

Please Try Again

By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Please Try Again

Password Hint : {{passwordHint}}

Remember me

Forgot Password?

News Focus

LQWD Technologies Lightning Network Infrastructure Surpasses 1 Million Global Transactions (click to learn more)

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)

View:

Comment by Hockeyzon Feb 26, 2024 10:17am

RE:Income tax assets greater than the value of the SP

Hi lifeisgood1010. Everything you said in your response makes sense, but just a few clarifications. First, I was suggesting that the Southern family could easily buy Akita through their ownership of ...more

Discussion

Post by lifeisgood1010on Feb 23, 2024 1:28pm

Rig counts.Slight improvement

While still way down from last year in the USA, in Canada it's close to last year. We can't declare victory yet, but we saw an improvement from last week Last week in the USA we were at -139 ...more

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

Post by lifeisgood1010on Feb 23, 2024 7:47am

Income tax assets greater than the value of the SP

Good morning Hockeyz, Could not agree more with you, but i wonder if this will happen.At double the actual SP it would still be a steal for Atco. If you had a chance to read Akita latest ...more

127

Discussion

Comment by Hockeyzon Feb 23, 2024 1:25am

RE:Re: income tax assets greater than the value of the SP

Yes, it looks like the Sentgraf/Southern family owns 16% of Akita. Back when the share price was $20, it would have taken almost $700 million more for the Southern family to buy the rest of Akita ...more

Discussion

Post by lifeisgood1010on Feb 21, 2024 8:57am

Income tax assets greater than the value of the SP

To go back to yesterday's post on Akita being shielded on tax payment until at least 2031 in the USA Look at their latest quarterly report. After 9 months in 2023, Akita earned 19.6 million ...more

109

Post by lifeisgood1010on Feb 20, 2024 2:08pm

Income tax assets greater than the value of the SP

Here is the info Hockeyz,You can go and verify it. I'ts on page 19 of the 2022 annual report. Hope this help Here it is A net deferred tax asset has not been recognized ...more

134

Post by lifeisgood1010on Feb 20, 2024 1:59pm

Re: income tax assets greater than the value of the SP

Yes you have it right, if you go and read my posts, i wrote it and it's directly from Akita's financial statement. There is only one problem, this company as a dual structure stock.So as long ...more

147

Discussion

Comment by Hockeyzon Feb 20, 2024 1:01pm

RE:Income tax assets greater than the value of the SP

So if a large US Drilling company bought Akita, the US driller would save the first $76 million that they owe in taxes? Which would be worth $76 million in cash to the US purchaser. And ...more

103

Discussion

Post by lifeisgood1010on Feb 16, 2024 6:09am

Drilling for Cenovus

Since the beginning of the year, 3 of Akita's rig have been drilling for Cenovus. Their triple rig number 25 is drilling right now at Foster Creek. Cenovus reported that new well pads at its ...more

173

Post by lifeisgood1010on Feb 07, 2024 2:37pm

Higher day rates.

I said it would be my last post but i forgot to mention day rates. I am no expert on drilling rigs i only look at financial numbers So i guess day rates can vary very much from one company to the ...more

218

Post by lifeisgood1010on Feb 07, 2024 12:20pm

EV 1/4 of estimated asset value(Typo)

I did a typo on my previous post I should have written At $1.50, Akita's EV is $3.15 or one fourth(1/4) of it's asset estimated value.This is amazing Instead of writing At $1 ...more

147

Post by lifeisgood1010on Feb 07, 2024 12:13pm

P/E of 3, P/B of 1/3, Ev/ asset value of1/4

As i feel i have said about everything on what i believe is a great opportunity for an investor who as a longer vue than 1 to 30 days. Here are my final comments on Akita. The brain as is funny ways ...more

178

Comment by albertan33on Feb 07, 2024 12:10pm

RE:Income tax assets greater than the value of the SP

Thank you very much! My own DD sure shows that liquidation value of this company is a lot more than current market cap. Seems like quite a good Margin of Safety investing at these prices. Only ...more

112

Discussion

Post by lifeisgood1010on Feb 07, 2024 10:48am

Income tax assets greater than the value of the SP

Hi albertan33 I'ts on page 19 of the 2022 annual report. Hope this help Here it is A net deferred tax asset has not been recognized for $76 million (2021 – $69 million). This amount ...more

171

Discussion

The Market Update

< Previous bulletin

Next bulletin >

A daily snapshot of everything
from market open to close.

< Previous

Next >

Dealroom for high-potential pre-IPO opportunities

Become a member today, It's free!

Sign In

Send my password

Become a member today, It's free!

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

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

Join the community and start posting on the bullboards today. It's free.

Create a portfolio watchlist today. It's free.

Bullboard (TSX:AKT.A)