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AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s):  AKTAF | T.AKT.B

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

Comment by Possibleidiot01on Jul 21, 2024 12:23pm
128 Views
Post# 36141746

RE:Akita advantages....

RE:Akita advantages....I appreciated the care you put into your reply and gave  you one of the likes on the post .
This is the first time I've had time to write a reply.
Being a third place company in any industry is hard ; it's a structural disadvantage with usually a financial component - more expensive access to lesser amounts of money as well some limited price setting ability ( big guys can undercut you) .
In a recent buyout , investors in a number 3 competitor did well with Heroux Devtek , the number 3 aircraft landing gear manufacturer.
I wonder if anybody on the board remembers a company called Trinidad Drilling which was a former #3 in Canada?

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