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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 Mar 01, 2024 2:42pm
112 Views
Post# 35909981

Doubling or more within 12 months

Doubling or more within 12 months
The mind as a funny way of working when it comes to investing.

When a stock is dirt cheap, investors thinks that there must be something wrong with the company.

At the opposite, when it appreciate in value, they almost trip over themself to buy.

Most are not properly wired to make big gains in the stock market.They let their emotions take over.

Akita's 12 month high is $1.99 witch is not that far.Once we get over $2, you

will see volume swelling and even more when it goes over Nov. 2022 high of $2.17.

If you look at a 5 year chart, you will noticed that the stock is basing and has higher lows 
since 2020.I have put below the 5, 10 and 30 year charts.

Nice weekend to all




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