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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 Torontojayon Jan 22, 2024 2:20pm
192 Views
Post# 35839383

Cheap Energy Stocks

Cheap Energy Stocks I ran a stock screener on energy companies on the Tsx or Venture exchange and I came across several interesting candidates. Out of these names, Akita Drilling ranks quite high on a combination of low price to book, price to sales P/E ratio, operating margins and return on equity. I ranked the companies on an equal weighted basis and came up with the following in no particular order: 

1) Akita drilling 
2) Calfrac Well Services 
3) Pieridae Energy 
4) Yangarra resources 
5) Perpetual Energy 
6) Fronterra Energy Corp 



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