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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 Angleson Aug 02, 2024 12:22pm

Some other ratings???

Maybe part of the reason for some softness. It seems no one takes into account what is to come. This is from an oline rating service. I am still trying to get a hold of the ATB report, and see what ...more

333

Comment by oilisswellon Jul 31, 2024 9:39pm

RE:Akita price target raised to $3.75 from $3.25

Interesting that ATB lowered their target to $3.25 from $3.75 1 month ago and now they are backtracking! I guess they picked up the shares they wanted.

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

Post by lifeisgood1010on Jul 31, 2024 3:29pm

Ovintiv

Akita was drilling wells for Ovintiv(Encana) this past spring in the US Permian. Some of the increase business that Akita is forcasting in Q3 and Q4 could come in part from Ovintiv. Ovintiv reported ...more

137

Post by lifeisgood1010on Jul 31, 2024 2:59pm

Akita price target raised to $3.75 from $3.25

No, my broker is Desjardins. I got this as a headline on their website.It's also posted on the website of Baystreet.ca If any Akita investor does have this report, it would be nice to share it. ...more

153

Discussion

Comment by auburn2on Jul 31, 2024 2:51pm

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

Do you have access to the ATB report?

Discussion

Post by lifeisgood1010on Jul 31, 2024 1:16pm

Akita Drilling Price Target Raised to C$3.75/Share

Obviously,there's the analyst at ATB Capital,myself and a handfull of small investors who sees huge under appreciation in the value of this company. The volume is low but again today, there are ...more

130

Discussion

Post by lifeisgood1010on Jul 31, 2024 8:34am

Getting back to the old Akita

Akita is rebuilding it's balance sheet at a rapid pace.This used to be a debt free company prior to the Extreme drilling acquisition. We all knew that Q2 would be a non event quarter.Looking ...more

120

Comment by auburn2on Jul 30, 2024 11:15pm

RE:Net debt already below 50 million

Is it not concerning they achieved these lousy results with 9 rigs operated in Canada? Active US rig count is way down. The debt repayment just is a release of working capital.

Discussion

Post by lifeisgood1010on Jul 30, 2024 5:27pm

Net debt already below 50 million

Will go through the report and the MDA but at first glance, this debt repayment exceed my expectation and by far. Net debt at 47.6m is already below the 50m level. The next 2 quarters and 2025 are ...more

167

Discussion

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•••

Post by PressReleaseon Jul 30, 2024 5:01pm

New Press Release - AKITA announces second quarter results and repayment of $17 million of debt in the quarter

CALGARY, AB, July 30, 2024 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)AKITA Drilling Ltd. ("AKITA" or the "Company") announces results for the six months ended June 30, 2024.During the second quarter of 2024, the Company repaid $17,000,000 in debt, decreasing its outstanding debt balance from $70...read article.

Comment by auburn2on Jul 30, 2024 2:22am

RE:Re:Akita Advantage

How do you know results are today after the close? From the website: https://www.akita-drilling.com/investor-relations/ Says July 29 there. "2024 Q2 Results – July 29, 2024" Did you hear ...more

Discussion

Post by lifeisgood1010on Jul 29, 2024 4:31pm

Re:Akita Advantage

Akita had 7 rigs working on July 19th. They added one on July 24th(Cenovus). And Today,they are moving rig number 520 (A triple pad self skidding) for Shell. for a total of 9. P.S. Hockeyz, your ...more

149

Discussion

Comment by Hockeyzon Jul 29, 2024 1:14pm

RE:RE:RE:RE:Akita advantages....

The 11+ Canadian rigs comes from the May 8, 2024 post that said “The Globe and Mail reports in its Wednesday, May 8, edition that ATB Capital analyst Tim Monachello has reaffirmed his "outperform ...more

100

Discussion

Post by lifeisgood1010on Jul 29, 2024 8:58am

35 = 1.4

In Akita's presentation, they write that the value of their rigs replacement value stands at $469 million CDN or $12.32/ shares.Reduce that amount by the net debt and we still get $10.85 ...more

320

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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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Bullboard (TSX:AKT.A)