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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 Mar 01, 2024 11:32am
120 Views
Post# 35909314

Sellers at $1.51...

Sellers at $1.51...Someone just bought the 73500 shares at $1.51.

There will be a day when Akita shares are in strong hands of investors who
like me see that this company is worth ,i will say it again MUCH MUCH MORE.

When in strong hands of investors who like me won't put there stock for sale
then there will be only on direcction where the stock goes.
I won't be a seller at $2, neither at $3, $4...

We are far away from what i beleive is fair value for Akita.
Why should i sell if my calculation tells me that Akita is worth more than $6+
if not more.

Well when we get there, the stock will move fast like it did with DRX, HMM.A, HPS.A..

It always the case.
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