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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

Post by lifeisgood1010on Feb 26, 2024 11:20am
92 Views
Post# 35899146

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

Re:Income tax assets greater than the value of the SPGood morning Hockeyz,

Thanks for the clarifications and for taking the time for the post.

I think we are on the same page as the underlying value in 
Akita.

For me, it's only a matter of time.I've been in touch with the company a few time this year
and from their responses i am very confidend that we will see a substantial appreciation
in the SP.

I was told that they will be looking at a NCIB once they reach 50 million in LT debt.
They also wrote that they are frustrated with the low valuation and cannot explain it.
Who knows, maybe one morning we do wake up and are pleasently surprised with an
announcement from the Southern.

I think Ensign will report this friday.It will be interesting to read their outlook for 2024.

Again thanks and good luck with all of your investments and futur descision.

P.S. Wish i was better in english.It not always an easy task to put my thinking in writing.
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