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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 > Question please
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Comment by auburn2on Jun 15, 2024 3:03pm
135 Views
Post# 36090659

RE:RE:RE:Question please

RE:RE:RE:Question pleaseOnly 1 of 9 directors has meaningful shareholdings. The directors are all very senior executives with plenty of money. They know more about this company than would any of us outsiders. Therefore, if the valuation is so compelling they would be buying shares thesmelves, which hasn't been happening, ever.

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