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

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Post by lifeisgood1010on Jun 24, 2024 3:54pm

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Post# 36103856

Rig activity

Top 4 investors = 13,733,213.Top 10 = 14,663,741 out of 38,080,407 class A shares or 38.5%.So the float is no more than 23,416,666 shares.

Another great post from Hockeyz

For now, Akita as only 6 rigs working in Canada.What he write are all factual.
If these management predictions come to fruition, Akita SP won't stsy long at these basement(ridiculous prices).

Akita will move if we see better activity.I don't have the answer to that but D. Reynolds is upbeat for H2 and 2025.

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