AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s): AKTAF | T.AKT.B

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 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

AKITA Drilling Ltd > In stealth mode

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Comment by Notgnuon Nov 23, 2020 12:40pm

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Post# 31952991

RE:RE:In stealth mode

I think the long term thesis is intact. The share price can spike up or down violently when the volume is so low. I just accumulate when I can snipe some. I will not chase it up (or sell) unless I see some major change or problem with my macro outlook here. That said AKT is trading at barely more than scrap value... kind my specialty. Look for unloved jewels in the garbage dump.

GLTA,
Notgnu

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