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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

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 Dec 01, 2023 11:15am

Doubling or more in 2024

I often post on Suncor bord since it's my biggest holding. since our company(Akita) is not known to many and even less it's undervaluation, i just post this on SU board. I am not kidding ...more  
412
Post by Whynotpeanut10on Nov 29, 2023 2:28pm

Canada oil, gas producers to drill 8% more wells in 2024

Yet, drilling stocks are going nowhere. Tremendous value for the patient investor. Akita trading at historic low multiples level. I too, think that when tax loss selling is over, this stock ...more  
205
Post by lifeisgood1010on Nov 21, 2023 12:24pm

No income tax to be paid until 2031

This will be my final comment for the year on Akita The company as a net defered tax asset that is not on their balance sheet(See below). This tax asset loss is shielding the company from paying tax ...more  
239
Post by lifeisgood1010on Nov 21, 2023 12:05pm

I don't get it

OK,all drillers are down. Still,$1.33 for Akita that is profitable in a soft market,that as assets value worth  8 times the stock price and working on debt reduction. I may be wrong and it ...more  
213
Comment by Martin1on Nov 20, 2023 10:55am

RE:Akita will double if not triple.

Appreciate the thoughtful write-up. I do like your numbers. I have largely ignored AKITA for sometime. Perhaps it is time look closely. Merci
132
Discussion
Post by lifeisgood1010on Nov 20, 2023 9:24am

Akita will double if not triple.

Hi Martin, I'm an old guy so been in the market for 44 years and like all investors we do get these "bad luck one" I too was and investor in Akita in the good old days. Made a ...more  
243
Discussion
Post by Martin1on Nov 16, 2023 4:23pm

Bought in 2001

Bought in 2001 for $12.00. In 2005 they split 2 for one so my ACV is $6.00. A long way to get back to $6.00 if ever. Not my best investment but I never seem to sell. That is not counting some very ...more  
211
Comment by lifeisgood1010on Nov 05, 2023 5:02pm

RE:RE:RE:RE:Akita prior CEO now with Ensign

Could not agree more on your comment. Indeed it's a highly competitive market. What i do like about Akita is the casm in it's SP VS their asset value. Like you said, they don't have ...more  
174
Discussion
Comment by Possibleidiot01on Nov 03, 2023 8:58pm

RE:RE:RE:Akita prior CEO now with Ensign

lifeisgood1010 The way , I view the oil and gas driling industry is, it's a brutally competitive arms race . Companies have to reinvest in the newest most efficient technologies and this takes ...more  
160
Discussion
Comment by lifeisgood1010on Nov 03, 2023 11:24am

RE:RE:Akita prior CEO now with Ensign

Good morning Possible, Thanks for your comments. I agree, Ensign as a lot of debt, and it's problems of it's own.If they were to get interested in Akita, i would not be for tomorrow. The ...more  
111
Discussion
Comment by Possibleidiot01on Nov 03, 2023 10:32am

RE:Akita prior CEO now with Ensign

Overall, I agree with your thoughts on Akita. There are two points where you could be wrong , 1) Ensign buying Akita maybe in the mid term but probably not right now ( they have a lot of debt) and 2 ...more  
160
Discussion
Comment by lifeisgood1010on Nov 03, 2023 10:03am

RE:Akita prior CEO now with Ensign

Correction, i wrote class b i should have wrote class a
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Discussion
Post by lifeisgood1010on Nov 03, 2023 10:00am

Akita prior CEO now with Ensign

Their is consolidation in this sector.Having been CEO of Akita,who knows if  Mr.Rudd make a pitch for Ensign to get these quality rigs at a cheap discount Beside Aegis financial who owns 15.65 ...more  
320
Discussion
Post by lifeisgood1010on Nov 02, 2023 2:57pm

Crazy,crazy low valuation.

This is a head scratcher Q3 was a very slow activity quarter for the drillers.Even so, Akita made 10 cents on EPS. Book value is $3.98.The rigs have been depreciated to the bone when covid stroke ...more  
185
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CANADIAN RIGS U.S. RIGS PRESENTATION SENIOR EXECUTIVE TEAM INDIGENOUS PARTNERS ESG FINANCIALS

Investor Presentation

View the 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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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