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

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Post by robhenryon Feb 06, 2001 1:09pm

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Post# 3268401

RE: RE: slow but steady

Right on Welland. No high flyer here but well managed company which even pays a respectable dividend. Never gets much volume but price has been firming up lately along with prices of other drillers. Take a look at chart for cdz and tot. Sector should get more notice going forward as they are in their best quarter now as far as activity and revenue production.. Fully expect akita to go through most recent high some time this qt or next but just MVHO. If we get some volume or institutional buying we could get pop in price. LOL longs Rob

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