Getting back to the old Akita Akita is rebuilding it's balance sheet at a rapid pace.This used to be a debt free company prior to
the Extreme drilling acquisition.
We all knew that Q2 would be a non event quarter.Looking at Q2 results is backward looking.
The important thing is what lies ahead for Akita and for that matters most if not all drilling company.
If you look at the long term chart, it as been in a basing phase.Once we have a breakout
this stock will be moving fast and at much higher price.
Drilling company will be one of the best place to be invested in in the next 12 to 24 months.
Valuation is very low while profitability will rise significantly for these company.
At some point in time, probably early next year, Akita will/could announced either the return
of a dividend and or a NCIB
Staying long for the next 2 years (At least)
