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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 lifeisgood1010on Feb 29, 2024 12:24pm
84 Views
Post# 35906830

Income tax assets greater than the value of the SP

Income tax assets greater than the value of the SPIndeed great post by Hockeyz and the "paid" analysis done by Stockhouse 
Treverabes says exactly what i have been writing in my many Akita posts.

Today's PD price increase makes Akita even cheaper.

The only question an investor has to ask himself,how long will it take for
investors to realize how cheap this company is.

It is a conundrum to me as to why an actual holder of Akita would want to sell
at such a low price.

I was posting a lot on DRX in 2021, 2022 and the stock did nothing.It went sideways.
It was a conundrum then but with time...

Today, DRX is worth more than 5 time what investors were willing to depart themself
of the comapny in 2021-2022.

This morning i added a small amount(1200 shares) to my position.I now have 80,100 shares
and will take it to 100,000 shares if it stays that low
The Desjardins purchases at $1.47 is me.I will take my time and buy more.

Time ET Ex Price Change Volume Buyer Seller Markers
10:22:42 H 1.47 0.02 100 19 Desjardins 2 RBC K
10:22:42 H 1.47 0.02 1,100 19 Desjardins 1 Anonymous K
10:17:10 T 1.45   100 9 BMO Nesbitt 80 National Bank K
10:17:10 T 1.45   3,300 9 BMO Nesbitt 1 Anonymous K
10:15:25 T 1.45   100 9 BMO Nesbitt 1 Anonymous K
10:15:25 P 1.45   25 9 BMO Nesbitt 7 TD Sec E
10:01:17 D 1.45   50 7 TD Sec 7 TD Sec E
09:44:03 T 1.43 -0.02 100 92 Pollitt 53 Morgan Stanley K
09:30:43 T 1.45   700 7 TD Sec 1 Anonymous KL
09:30:00 D 1.45   11 7 TD Sec 7 TD Sec

I don't know how long it will take before the stock price double or triple but it will happen

Just like any stock,(DRX,HPS.A, and HMM.A) are good example.

You only need patience.Time is your friend when you buy good managed, profitable company
at a DEEP, DEEP discount to it's net assetg value
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