RE:RE:Multiple bagger. Thanks for reminding me about Akita Drilling. This is a company I used to own before 2014/15 prior to the oil crash. They were a profitable company back then and they were debt free or close to it if I recall correctly.
Here are the positives that I see today:
- 5 consecutive quarters of positive net income
- trading well below book value and the mean of its historical p/b ratio
- current ratio above 2
- long term debt to equity well below 1 and decreasing
I will keep a close eye on it and add this to my list of companies to research.
I will add another great company that I own that is not only a multi-bagger but will continue to move higher and higher in the years ahead.
My favourite energy company hands down is Terravest Industries Inc.