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FAST-MOVING, HIGH-PERFORMANCE DRILLING RIGS
Leading intermediate North American land drilling contractor



Bullboard - Investor Discussion Forum 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... see more

TSX:AKT.A - Post Discussion

AKITA Drilling Ltd > Oil service sector...
View:
Post by lifeisgood1010 on Jan 26, 2024 10:37am

Oil service sector...

One of the best sector once again this morning is the oil service sector.

Most stocks in this sector are on an uptrend, have broken their downtrend and /or at year high.

Some exemple,Precision drilling,Secure energy,Pason,Ensign,Cathedral,CES, Calfrac,Enerflex,Trican...

The cheapest of them all is my favorite and the one i own Akita will eventually be a big winner.

Akita being one of the smallest cap of them does not attract as much attention and buying.

But the value is there so, it's only a matter of time.

 
Comment by Torontojay on Jan 26, 2024 4:57pm
I agree with you.  Admittedly,  I once owned Akita Drilling and Total Energy Services before the oil crash in 2014. Don't ask me how I did :)  If I recall correctly, Akita was debt free back then and Total Energy was my high return on equity play that never truly materialized for me. Looking back, I learned a valuable lesson and how it's all about timing in these ...more  
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Investor Presentation

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Akita Drilling Ltd. With CEO - Colin Dease & CFO Darcy Reynolds

Investment Opportunity

Leading Intermediate North American Land Drilling Contractor

14 high-spec drilling rigs
operating exclusively in the
US Permian Basin

17 Canadian drilling rigs primary tailored for oilsands development and a growing deep gas presence

Value of rigs almost 7x market cap

Free Cash Flow of $21 million generated in the first half of 2023



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Contact Us

Shareholders and security analyst inquiries should be directed to:
Darcy Reynolds
– Vice President, Finance and Chief Financial Officer

1000, 333 – 7th Ave SW
Calgary, Alberta T2P 2Z1
Phone: (403) 292-7537
Email: darcy.reynolds@akita-drilling.com