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.

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AKITA Drilling Ltd > Akita prior CEO now with Ensign

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Comment by Possibleidiot01on Nov 03, 2023 10:32am

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Post# 35715695

RE:Akita prior CEO now with Ensign

Overall, I agree with your thoughts on Akita.
There are two points where you could be wrong , 1) Ensign buying Akita maybe in the mid term but probably not right now ( they have a lot of debt)

and

2) Aegis being the only major holder ; They are of the A class shares but Sentgraf Enterprises , controlled the Southern family owns many class B shares. Roughly an equal amount to Aegis

Sentgraf Enterprises Ltd	11.78%	4,474,258	0	2023-03-20	LOW
Southern-Heathcott (Linda A)	4.38%	1,663,434	0	2023-03-20	LOW

CALGARY, AB, Nov. 18, 2022 /CNW/ - Sentgraf Enterprises Ltd. ("Sentgraf") advises today that the percentage of outstanding Class II Voting Shares of ATCO Ltd. ("ATCO") held by Sentgraf has increased by 5.63% since February 20, 2018, to 91.55%. The percentage increase was primarily caused by third parties converting Class II Voting Shares of ATCO Ltd. into Class I Non-Voting Shares. The Class II Voting Shares are convertible into Class I Non-Voting Shares on a one-for-one basis at the option of the holders. Between August 20, 2019 and September 10, 2020 Sentgraf also purchased 35,600 Class II Voting Shares representing 0.3% of the Class II Voting Shares.