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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 Whynotpeanut10on Jan 23, 2024 10:05am
151 Views
Post# 35840659

Cheap energy stocks

Cheap energy stocksIndeed, Akita is by far the cheapest of it's sector and that by a mile.

Most if not all of the energy service stocks are on an uptrend.

But for an obscure reason, their are still holders of Akita willing to 
sell their position at this crazy low price.

I started building a position in the $1.70 to $1.85 in mid 2023.

Since the stock broke $1.50, i have been adding to my position.

Once we have exausted this or those sellers pressuring Akita, it will move.

It is worth north of $5.

How long will it take to get there, many months but it will be very rewarding
for the wait.
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