AKITA Drilling Ltd T.AKT.B

Primary Symbol: T.AKT.A Alternate Symbol(s): AKTAF

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 > a question for lifeisgood1010 ?

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Post by Possibleidiot01on Jul 16, 2024 5:45pm

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Post# 36135677

a question for lifeisgood1010 ?

What do you see as a sustaining competitive advantage for Akita?
When I look at ADF Group ,one of your sucesses, they have the sustainable advantage the advanced robotics give them. Higher margins generate more cash which allows them to accept more projects / bigger projects ; especially in comparision to other steel fabricators.
When i look at Akita's chart - 20 year downtrend , 10 year downtrend. 5 year very down trend at start with Covid factoring in .
The three year chart is a saw tooth pattern that suggests to me this is a trading stock , so do they in your opinion have a sustainable competitive advantage like ADF Group ?

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