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AKITA Drilling Ltd T.AKT.B


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

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

Post by lifeisgood1010on Jul 31, 2024 1:16pm
130 Views
Post# 36156526

Akita Drilling Price Target Raised to C$3.75/Share

Akita Drilling Price Target Raised to C$3.75/ShareObviously,there's the analyst at ATB Capital,myself and a handfull of small investors
who sees huge under appreciation in the value of this company.

The volume is low but again today, there are two customer hitting the bid.

It's once again National Bank(NA) and TD.

Until these 2 clients have finish their selling, there is no chance of Akita going up.

Today, it's all about Precision Drilling and Ensign.

It would have been nice to see Akita follow the other 2 but then again
i know that my shares in this company are worth well well more than
what they are trading at.

I am not the kind of investor looking for daily gratification and i am very
patient.

Whatever time it will take...I will be an Akita investor for as long as it take
to see this company trading at reasonable valuation.
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