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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 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

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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

101

Discussion

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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

324

Comment by auburn2on Jul 26, 2024 3:33pm

RE:RE:RE: the cheapest stock on the TSX

*so I expect the stock to increase on fwd visibility. https://ycharts.com/indicators/canada_rotary_rigs CDN rig count highest for July in past 5 yrs.

Discussion

Comment by auburn2on Jul 26, 2024 3:28pm

RE:RE: the cheapest stock on the TSX

The analyst expectation for Q2 is very low, I expect the stock strength to continue on forward-looking visiblity.

Discussion

Post by lifeisgood1010on Jul 26, 2024 2:13pm

RE: the cheapest stock on the TSX

When i started building my position of 50,000 shares in DRX in mid 2022 i use to post a lot on what i was perceving as a very undervalued company versus it's asset price and future profitability. ...more

116

Discussion

Post by lifeisgood1010on Jul 26, 2024 1:49pm

Rig count going in the right direction up 14

As predicted by most of the drillers if not all, we are seing a pick up. week after week. This week only + 3 in the US but + 14 in Canada Canada is now + 18 versus same time last year. Akita ...more

Post by lifeisgood1010on Jul 26, 2024 1:04pm

Na is back selling

I said "I see that it was not NA selling at 11:34.Could it be that the seller at NA is done. Maybe, maybe not. Only time will tell Well, it did not take time.NA is back selling. Akita will not ...more

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

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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

Discussion

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

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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

120

Discussion

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

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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)