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AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s):  AKTAF | T.AKT.B

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.


TSX:AKT.A - Post by User

AKITA Drilling Ltd > Morgan Stanley and Akita debt reduction...
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Comment by lifeisgood1010on Jan 17, 2025 9:26am
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Post# 36408654

RE:RE:Morgan Stanley and Akita debt reduction...

RE:RE:Morgan Stanley and Akita debt reduction...Good morning Blindpig,

I'm from Montreal.Last year i attended the virtual AGM.I tried to ask questions but the link did not work on my PC.

If they do a live one this year, i am sure many questions will come up.

I rencently increased my position to 146,000 shares.I believe like you that it may be a slow grind.
Eventually, shares will get in strong hands like yours and mine

I am not a seller at $2,$3 or even $4 since i am a firm believer that this company as turn the corner and is becoming once again the old Akita that we knew in the mid 2000.

We may have baby step at the begining but once on the move it will move

Have a nice weekend


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