Question pleaseHi guys,
I have a quick question that concerns AKITA's future stock price and here is why.
Don't get me wrong, as I strongly believe in the value and future of AKT.A, I just wonder if anyone knows what percentage of drilling they do for natural gas vs. oil.
The reason I am asking this is because of the abnormally low spot gas price ($0.80) and future months lows as well. See link for chart below;
https://www.gasalberta.com/gas-market/market-prices
In my opinion, this could effect (slow down or delay) what you are saying about 11+ rigs working in Canada during August 2024 and beyond. Even though they will be drilling for the future capacity needs, given the extremely low pricing this could perhaps change or delay some of those plans. Thoughts??? Will this lead to a lower AKT.A stock price during the summer and early fall?
I already hold a small amount of AKT.A shares (especially in relation to many of the big bloggers here) and I am looking to increase my holdings (at good prices only) but I fear the stock price is going to come down more, instead of appreciating as most say here. At least for a little while.
Just throwing my thoughts open for discussion. I also believe longer term AKITA is going much higher and going to again pay a small dividend. (In one to three years)
All my best to other AKT.A shareholders.
Angles