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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...
one DC triple rig, all serving the Permian Basin. With a fleet of 17 rigs, its Canadian division operates in Alberta, British Columbia, Saskatchewan, and as market conditions dictate, the Yukon and the Northwest Territories. The Canadian division operates both wholly owned rigs and rigs. Its Canadian division primarily operates in the oil sands, heavy oil regions and in the Montney deep gas basin. In addition, the Canadian division plays a role in drilling potash and other energy transition targets, including carbon capture wells, hydrogen storage wells and geothermal wells.
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Company Website
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Bullboard (TSX:AKT.A)
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(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Jan 24, 2024 11:10am
Cheap energy stocks
Once again this morning, we are seeing most energy services stock continuing their uptrend. The kingpin of them all Precision Drilling is up $3.44 or 4.4% There as to be one or a few big institution
...more
(60)
•••
Whynotpeanut10
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Post by
Whynotpeanut10
on Jan 23, 2024 10:05am
Cheap energy stocks
Indeed, Akita is by far the cheapest of it's sector and that by a mile. Most if not all of the energy service stocks are on an uptrend. But for an obscure reason, their are still holders of
...more
Energy Co Unveils Q3 2024 Results: Record Growth & Strategic Expansion
posted Nov 21, 2024 9:00am by
Coelacanth Energy Inc.
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|
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
(517)
•••
Torontojay
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Post by
Torontojay
on Jan 22, 2024 2:20pm
Cheap Energy Stocks
I ran a stock screener on energy companies on the Tsx or Venture exchange and I came across several interesting candidates. Out of these names, Akita Drilling ranks quite high on a combination of low
...more
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Jan 17, 2024 8:28am
Total take over = $4.01
Total is paying north of 4.5 million(cdn$) for these Australian rigs.Just as a rule of tumbs, Akita 35 rigs are worth $4.01. Most of Akita's rigs are pad triple so probably worth more. In the
...more
(1013)
•••
lifeisgood1010
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Post by
lifeisgood1010
on 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
(60)
•••
Whynotpeanut10
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Post by
Whynotpeanut10
on 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
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on 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
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on 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
(5)
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Martin1
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Comment by
Martin1
on 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
(1013)
•••
lifeisgood1010
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Post by
lifeisgood1010
on 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
(5)
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Martin1
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Post by
Martin1
on 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
(1013)
•••
lifeisgood1010
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Comment by
lifeisgood1010
on 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
(1909)
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Possibleidiot01
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Comment by
Possibleidiot01
on 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
(1013)
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lifeisgood1010
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Comment by
lifeisgood1010
on 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
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