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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 Jan 16, 2025 7:24pm
53 Views
Post# 36408163

RE:Morgan Stanley and Akita debt reduction...

RE:Morgan Stanley and Akita debt reduction...Hey Lifeisgood, it looks like it'll still be a slow grind higher until all the weak hands have sold out all their shares to longer term investors.  Disappointing to see that Sentgraf (Southern Family Holding Co.) has never added to their position, not even back in 2020 when the shares were sub $0.30.  Makes one wonder what their motivation is for continuing to control Akita through their voting shares.  Increasing their share position by buying shares on the cheap obviously is not one of their pursuits.  Be interesting to see if in May they actually have a real AGM again.  If they do I'll be there. 
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