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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

Comment by blindpigon May 16, 2024 7:16pm
122 Views
Post# 36044501

RE:RE:RE:Annual meeting

RE:RE:RE:Annual meetingThanks for your reply lifeisgood.  I'm prepared to be patient. I own 1.5% of Akita in a well diversified portfolio of a dozen companies and do agree with you that the dual structure is hurting the valuation.  One of the Southern sister had her picture in the globe today discussing their $2 billion gas pipeline project from Edmonton to Fort Saskatchewan.  Perhaps they'll come to the realization that their controll of the voting shares in Akita is meaningless to them, at least in monetary terms, and  arrange a suitable merger or at least ditch the dual structure. I guess we can only hope. 
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