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AKITA Drilling Ltd AKTAF


Primary Symbol: T.AKT.A Alternate Symbol(s):  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 Nov 21, 2024 9:34am
41 Views
Post# 36323520

Nat gas keeps climbing

Nat gas keeps climbing

Current month AECO was 55 cents no later than nov. 5th.Yesterday, it closed 
at $1.95

Same thing south of our border.It is currently Henry hub is at $3.41

What all drillers were saying about LNG takeaway incressing capacity is starting
to be reflected in the comodity price.

Also, the Biden had put a temporary ban on new LNG projects.

Trump will reverse theses ban.

Listeneing to the Video of Akita CEO, i was surprised to hear that Extreme was running
at 93%.

At that pace, they will be north of 950 days and may be more in Q4

Q1 was 719
Q2 was 623
Q3 was 713

Why is there still shareholders wanting to sell at these price is a conundrum to me.

Yesterday, Precision was up close to 4%.some investors are starting to realize
how good the drilling business is shaping up.

The casm on all financial metrics between PD and Akita have been well documented on previous posts.

A portion of that can be explain by the difference in market cap and Akita dual share structure

I like to be a shareholder of deply undervalued company.And with Akita, i am well served.

It's only a matter of time before i get rewarded.and that big time.

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