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.

TSX:AKT.A - Post by User

AKITA Drilling Ltd > Akita Drilling Ltd. Price Target Raised to C$3.75/Share

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Comment by Hockeyzon May 22, 2024 3:28pm

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Post# 36052597

RE:RE:RE:Akita Drilling Ltd. Price Target Raised to C$3.75/Share

The target prices are from analysts that follow these companies for a living. They know many many times more than I will ever know about the companies. The Akita target price is based on everything they know about Akita and its future prospects at that date, including the dual share structure. The analyst believes that Akita shares will reach $3.75 over the next 12 months. Also, Akita’s share price has been well over $25 previously and was basically over $10 for more than 10 years, all under the same dual share structure that they have now.

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