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AKITA Drilling Ltd T.AKT.B


Primary Symbol: T.AKT.A Alternate Symbol(s):  AKTAF

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 albertan33on Feb 07, 2024 12:10pm
113 Views
Post# 35867683

RE:Income tax assets greater than the value of the SP

RE:Income tax assets greater than the value of the SPThank you very much! 

My own DD sure shows that liquidation value of this company is a lot more than current market cap. Seems like quite a good Margin of Safety investing at these prices.

Only thing I find confusing is the share structure, I get the voting vs non-voting shares, but the BOD sure seems to be related to ATCO

Not sure who is trying to unload the lump of shares but when I instrcuted one of my brokers to grab 75000 he was worried on the low volume, I informed him of the large sell order and figured it would clear some of that up, but low and behold we got filled below that from a bunch of other exchanges.

Someone seems to want out, seems like good opportunity to accumulate a good sized postition :) 
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