AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s): AKTAF | T.AKT.B

Energy Oil & Gas Drilling

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

AKITA Drilling Ltd > Income tax assets greater than the value of the SP

<< Previous

Bullboard Posts

Next >>

Comment by Hockeyzon Feb 20, 2024 1:01pm

105 Views

Post# 35889181

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

So if a large US Drilling company bought Akita, the US driller would save the first $76 million that they owe in taxes? Which would be worth $76 million in cash to the US purchaser. And that is not even included as an asset on Akita's balance sheet/financial statements? Is that correct?

<< Previous

Bullboard Posts

Next >>

The top 10 artificial intelligence penny stocks