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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

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 Nov 04, 2024 1:36pm

More than double the activity

In Q2 Akita had 473 operating days in Canada (31%) So far in Q4, with 35 days out of 92 days completed in the quarter(38%) Akita has 390 operating days done or 66%. That more than double the ...more  
Post by lifeisgood1010on Nov 04, 2024 9:52am

Takeover

Some investors are starting to notice the tailwind that is occuring in the oil service sector. This morning STEP is being taken over. Many of the company in this sector are behaving very well lately ...more  
Comment by Newinvestor123on Nov 03, 2024 10:41am

RE:RE:RE:RE:Canaccord

Thanks, I will look forward to the earnings release and any forward guidance they may provide. I built a nice position of this security in my TFSA. Based on my research the book value is around $3.75 ...more  
Comment by blindpigon Nov 03, 2024 10:31am

RE:RE:RE:Canaccord

According to Akita's website they'll release the results on Monday, probably after the markets close as they usually do.
Comment by lifeisgood1010on Nov 02, 2024 9:28am

RE:RE:Canaccord

Last year, it was on Nov. 1st. So it should be in the coming days
Comment by Newinvestor123on Nov 01, 2024 6:28pm

RE:Canaccord

I am curious when the earnings will be released?
Post by lifeisgood1010on Nov 01, 2024 3:50pm

Canaccord

I think i found Canaccord customer buying date and price. On May 24, 2024, Canaccord bought 62,600 shares at an avg. price of $1.35. And sold 15000 at $1.39.This could be 2 different customer So it ...more  
Post by lifeisgood1010on Nov 01, 2024 3:36pm

Playing game...?

I am not a believer of stock manipulation but this one is odd. Obviously, Cannaccord as more than one customer ,so it may not be the same customer at  Cannaccord.Still awfully weird the trading ...more  
Post by lifeisgood1010on Nov 01, 2024 1:58pm

You only need one....

When you hold an illiquid stock like Akita, you can expect these kind of days. That is why some investors do shy away from illiquid stocks. On a personal basis, i couldn't care less.It creates ...more  
Post by lifeisgood1010on Oct 31, 2024 2:18pm

Rig demand growth

Just picked this from PD' board. Comments from PD CEO on the conference call. I doubt that many are realizing the growth that lies ahead for the drillers. At these bottom prices it is certainly ...more  
Comment by blindpigon Oct 30, 2024 7:59pm

RE:Precision outlook

Precision Drilling CEO on BNN https://www.bnnbloomberg.ca/video/shows/the-close/2024/10/30/precision-drilling-reports-higher-revenue-and-profit-for-q3/
Post by lifeisgood1010on Oct 30, 2024 9:34am

Precision outlook

Precision reported last night. Here is the outlook they gave.If this does not convince you, i don't know what will. Precision is the kingpin and best at class.Akita is much much smaller but a ...more  
Post by lifeisgood1010on Oct 29, 2024 10:15am

Ranking drillers by activity

Good morning Itsalie, You surely know that Trican is not a land drillerIt has no drilling rig per say. that is why it is not included. Trican Well Service Ltd. is a provider of oilfield services ...more  
Comment by itsalieon Oct 29, 2024 9:37am

RE:Ranking drillers by activity

No Trican on that list?
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Investor Presentation

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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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Contact Us

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