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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 06, 2024 9:20am
91 Views
Post# 35917673

Q4 results and 3 rigs drilling for Cenovus not 2

Q4 results and 3 rigs drilling for Cenovus not 2Every morning on Baystreet.ca web site there is a list of all TSX company
reporting for the day.

Akita is not on today's list so i cannot confirm the date of Q4 reporting
.I forgot to ask the date in my last email to IR.

Last year Akita reported after the close on March 20th.

With slow activity in Q4, i have low expectation for sales and EPS for this coming Q4

For me, it's all about 2024 and 2025.My investment in akita is all about a turn around situation.

Akita will be trending to the old Akita we used to know.It will be a gradual process.

They need to tackle the LT debt.But from the info. i am receiving,they seem very resolve and confidend in their futur sucess.

P.S. Yestersay, i wrote that they had 2 rigs drilling for Cenovus working.In fact, it's 3.There was one on the move and it is now drilling.

Nice day to all
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