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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 Jul 26, 2024 12:22pm

One of the cheapest stock on the TSX

Good morning Oiliswell, I have to agree and disagree at the same time on your comment. Yes,when a stock as illiquid as Akita is in the doldrums,then having a sizable position can be a problem ...more  
Post by lifeisgood1010on Jul 26, 2024 8:04am

SDI results off but brighter outlook for H2 like AKITA

I too, was looking at SDI results and thinking the same thing as you. SDI rig utilzation in Q2 was 20%.Right now they are at 68% Akita's results for Q2 are going to be lackluster at best. But ...more  
Comment by oilisswellon Jul 25, 2024 11:55pm

RE:On day....

Just goes to show that a smaller company like Akita with corresponding low share volume is not where one should invest large sums of money as exiting one's position can be difficult. However a ...more  
Post by Angleson Jul 25, 2024 6:40pm

SDI results off but brighter outlook for H2 like AKITA

Stampede Drilling results off but they share a brighter outlook just like AKITA. Stampede Drilling loses $2.24-million in Q2 Second quarter 2024 operational highlights: Revenue was $9,918, a ...more  
Post by lifeisgood1010on Jul 25, 2024 3:22pm

On day....

there will be an end to the selling from the customer at NA. Coupled with 11 to 12 rigs working in both CDN and in the USA by the end of August and it will/ could be the start to my anticipated huge ...more  
Post by lifeisgood1010on Jul 25, 2024 11:27am

Still National Bank selling

No big volumes but mostly Na is the seller. No one can never be sure but i suspect that it is Timelo selling the balance of hits position. 11:05:31 H 1.38 -0 ...more  
Post by lifeisgood1010on Jul 24, 2024 3:14pm

NA hitting the bid

There seems to be a customer at National Bank with still some stock to sell. He is the prime reason for the weakness in the stock. How much more does he has to sell?Nobody beside him has the ...more  
Post by lifeisgood1010on Jul 24, 2024 3:08pm

From 6 to 8 rigs in 2 weeks

Couldn't resist posting the Western Energy Services outlook(See below) Hockeyz, we see the same value in Akita.Your post are factuals. Akita had 6 rigs working in Canada 2 weeks ago ...more  
Post by digital130on Jul 24, 2024 9:17am

akita

Stocks hit bottoms because there is more selling pressure then buying,  Add bots making up alot of the volume and you get charts like akita.  That was obviously the case here.   ...more  
Comment by blindpigon Jul 23, 2024 7:45pm

RE:Getting out at the worst time

I haven't posted here in a while since there are already many knowlegeabe posters for Akita.  Lately I've become more bulish on Akita and I did something I haven't done in a while ...more  
Comment by Hockeyzon Jul 23, 2024 2:49pm

RE:a question for lifeisgood1010 ?

There is a big difference between a great company and a great investment. It can be the best company in the world (with a terrific sustaining competitive advantage), but a bad stock. It all depends ...more  
Post by lifeisgood1010on Jul 23, 2024 2:30pm

Getting out at the worst time

Thanks Possible for sharing the Trinidad transaction. Being an avid cyclist, i have been enjoying the nice weather and doing 125 to 150 km rides, so less time for my other passions. Like i wrote ...more  
Post by Angleson Jul 23, 2024 11:52am

USA Rig Activity

It seems USA rig activity is holding. Lets hope AKT.A can keep or even expand their USA market share.
Comment by Possibleidiot01on Jul 23, 2024 9:36am

RE:RE:Akita advantages....

Maybe I'm the only one who does remember Trinidad Drilling ? It's been two days with no response. Long story short. Trinidad was a highly regarded technologically advanced driller which was ...more  
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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