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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 blindpigon Oct 26, 2024 2:34pm
77 Views
Post# 36283499

RE:Ranking drillers by activity

RE:Ranking drillers by activityLifeisgood,  thanks for doing the work on rig activity.  I've added to my position over the last few months.  Akita stock has outperformed PD over the last 3 months, and it looks like there are now buyers on any pullback under $1.60.  Both Timelo and Arrow were larger sellers into the market, but now don't have many shares left to sell so that should be bullish going forward along with the good rig activity.  Best I've seen since the 2014 oil bust.
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