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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 19, 2024 1:19pm

Rig count higher....and ATB estimate

Baker Hughes rig count.8 more rigs added this week in Canada and +10 versus last year. Will my high conviction (intuition)of having at least 11 to 12 rigs running both in Canada and in the US come ...more  
Post by lifeisgood1010on Jul 19, 2024 12:05pm

Timelo investment

When i invest in a company, i track the major investors and the float of the stock. When i started buying Akita last year, in the top 10 list of the major investors was Timelo investment.This firm ...more  
Comment by digital130on Jul 18, 2024 6:58pm

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

Lofty projections.  Lots of posters for 40 million outstanding shares.  Small wall at $1.35. On my ticker for a bottom feeder. Goodluck
Comment by lifeisgood1010on Jul 18, 2024 3:30pm

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

I recently saw a video with Darcy Reynolds and M.C.Dease,that is what they were projecting. Can't find that video but i don't see why they would lie. Obviously, every ceo and cfo have a ...more  
Comment by auburn2on Jul 18, 2024 3:06pm

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

Also, more important to Akita is US rig acitivty.
Comment by auburn2on Jul 18, 2024 2:52pm

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

How do you know they will be at 11 or 12 rigs by the end of August? Have you recently talked with the CFO?
Comment by lifeisgood1010on Jul 18, 2024 1:19pm

RE:RE:Akita advantages....

Hi Oilisswell, There are a few knowledgable posters on this board in the oil service field, you must be one of them. I am not one of them.i  know a few thing on the sector but i look at the ...more  
Comment by oilisswellon Jul 17, 2024 5:00pm

RE:Akita advantages....

Well stated lifeisgood1010. You are 100% correct in that Q2 will not be good as this is traditionally the slowest time for drilling in Western Canada as spring breakup occurs, drill rigs move, and ...more  
Comment by Daudau11on Jul 17, 2024 4:47pm

RE:Rig counts increasing!

According to RBC, WCSB (Western Canadian Sedimentary Basin) rig count up another 9 w/w to 209. I hope this is helping Akita!! 
Post by lifeisgood1010on Jul 17, 2024 8:35am

Akita advantages....

Good morning Possible, An honnest response to your question is i don't know.I am no expert in ther service O&G sector.I am a retired account from Stelco. We all know that the kingpin in ...more  
Post by Possibleidiot01on Jul 16, 2024 5:45pm

a question for lifeisgood1010 ?

What do you see as a sustaining competitive advantage for Akita? When I look at ADF Group ,one of your sucesses,  they have the sustainable advantage the advanced robotics give them. Higher ...more  
Post by Angleson Jul 15, 2024 10:29pm

Rig counts increasing!

189 Active Rigs! - Canada Rig Count Update The latest numbers from Baker Hughes reveal are up 14 from last week to 189, with oil rigs up 11 to 126, gas rigs up 3 to 63. Install Rig Finder App: ...more  
Comment by Hockeyzon Jul 15, 2024 12:26pm

RE:Oil field services company analysis

So how would Akita (Akt.a) rate on the Atrium report?  At $1.30/ share, Akita’s market cap is $52M ($1.30/share X 40M shares o/s).  Akita’s net debt o/s is $57M. Thus, EV (enterprise value ...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