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AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s):  T.AKT.B | AKTAF

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.


TSX:AKT.A - Post by User

Bullboard Posts
Comment by disconnecton Nov 23, 2007 12:50pm
490 Views
Post# 13857953

RE: How Low Will It Go?

RE: How Low Will It Go?About the 'payout', seems to me AKT.A tends to make more in the winter months, so I was happy to see them make a profit in the last Q. They also do some drilling in the heavy oil space (for SAGD I believe) and have a good balance sheet. So for now, I believe, the dividend is safe. Not looking for any increases in the near term, safe to say. However, don't forget about LNG, a new risk factor. Time will tell, but weaker companies (drillers and Ngas) may fail and hopefully, sooner then later we will see an upturn, I hope. Good luck, disconnect
Bullboard Posts

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