AKITA Drilling Ltd T.AKT.B

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

Energy Oil & Gas Drilling

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.

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AKITA Drilling Ltd > discussing Akita's earning report

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Comment by Newinvestor123on Nov 05, 2024 6:31pm

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Post# 36297870

RE:Re: discussing Akita's earning report

I also own Major Dilling Group International Group Inc along with Akita. Earlier today MDI snapped up a small driller in Peru and MDI shares popped by about 8.5%. My fear is with Akita trading at such a discount a larger company takes a run at it to try to pick it up on the cheap without achieving its fair value. There is more M & A in the space. Any thoughts?

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