Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Hockeyzon Feb 27, 2024 12:48am
93 Views
Post# 35900695

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

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

Also, I have followed Eric Nuttall for the last few years which has been very profitable. Eric manages the multi-billion dollar Ninepoint Energy fund, one of the largest energy funds in Canada. Eric has not had a drilling/service company position in his Energy fund for the last few years, but he has recently taken a large position in Precision Drilling, PD. Eric’s fund is so large that he does not invest in smaller energy companies. Thats why I like to look at other companies in the drilling sector that Eric does not invest in.  The most undervalued drilling/service company I found was Akita. The average analyst target price for PD is $125, for a 54% upside to the current $81 share price, while the analyst target price for Akita is $3.30, which is a $128% upside from the current $1.45 share price. Or more than double the upside of Akita (128%) over PD (54%) per the analyst target prices. 

<< Previous
Bullboard Posts
Next >>