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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

Comment by lifeisgood1010on Nov 03, 2023 11:24am
111 Views
Post# 35715844

RE:RE:Akita prior CEO now with Ensign

RE:RE:Akita prior CEO now with EnsignGood morning Possible,

Thanks for your comments.

I agree, Ensign as a lot of debt, and it's problems of it's own.If they were to get interested
in Akita, i would not be for tomorrow.

The possibility is slim but not existant.

What i don't get, is the huge chasm between the SP and the assets value of Akita

I would understand if Akita was on the verge of bankruptcy but it's not the case.

As for the class B shares,yes they are almost all in the hands of Sentgraf but the total amount
of class b is 1.653,784.You can verify this in their latest MDA report

At October 30, 2023, the Company had 37,996,407 Class A Non-Voting shares and 1,653,784 Class B Common shares outstanding.

Have a nice weekend
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