AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s): AKTAF | T.AKT.B

Energy Oil & Gas Drilling

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.

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AKITA Drilling Ltd > Eric Nuttall - Drilling Companies

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Post by Hockeyzon Apr 03, 2024 11:56pm

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Post# 35969543

Eric Nuttall - Drilling Companies

Eric Nuttall was on Market Call on BNN yesterday and for the first time in years, his top pick was a drilling company, Precision Drilling (PD). This sent the other drilling companies up today, including Akita (+5.81%), TCW (+3.33%), ESI (+6.9%), STEP (+4.53%) and PD (+7.22%). Of course, Eric’s Energy fund is so big that it cannot invest in Akita, as it is too small. But Eric recognizes how extremely undervalued the drillers currently are. This may be the spark needed to ignite a rally in Akita and the other drillers.

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