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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 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

Post by Notgnuon Nov 24, 2020 1:09pm
942 Views
Post# 31961712

Worth a look !!!

Worth a look !!!AKT is worth considering now if you haven't yet

Big oil sands type drills with very low current utilizations means...

Trading at about 8% ov tangible NAV for high quality equipment

Relatively high insider, long term, storng ownership

Relatively low debt

With oil and suncor, Husky, CNQ etc going up it is only a matter of time before they book some more of these rigs IMO

...Buy when no one else is and hold a few months or years ... look at a 3 year chart to see how you might be rewarded in terms of "baggers"

Notgnu
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