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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

Post by lifeisgood1010on Oct 29, 2024 10:15am
64 Views
Post# 36286636

Ranking drillers by activity

Ranking drillers by activityGood morning Itsalie,

You surely know that Trican is not a land drillerIt has no drilling rig per say.
that is why it is not included.

Trican Well Service Ltd. is a provider of oilfield services, including acidizing, coiled tubing, fracturing, nitrogen pumping, and cementing. 

I think Trican reports today so too Precision after the bell.

I will re do the ranking in a week or two.

As per Akita, it is firing from all cylinders since the beginning of October.

I just don't understand the actual sellers at these prices.

My calculations gives me an EPS of about 5 to 7 cents in Q3 because of all the cost associated
with the reactivation of so many rigs but with 13 rigs working in CDN out of 17 and also
12 to 13 out of 15 in the USA Q4 will be spectacular.

I think they could make at least 12 cents if not more in Q4.They may reduced once again their debt level in Q4 but for sure in Q1 of 2025.

Has you can see from my posts, i am ultra bullish on Akita for 2025

Have a nice day.
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