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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

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Post by lifeisgood1010 on Mar 04, 2024 6:05pm

35 = 2

No where in life do we find this phenomenon, where when someting is cheap
people stay away and are scared.When it get properly or over priced humain gain 
confidence.

When we will see Akita at $2.50, $3, $4...Investors are going to be tripping
themself in buying some shares.

While at these actual prices, the vast majority are scared.

Akita is worth 3 to 4 time it's closing price.It won't be a strait line to it's fair value
but with time, investors will find out how cheap this comapny SP is trading at.

Making money in the stock market is simple, but it is not easy because humain being
have an emotional attachement to money.

And these emotions are our worst enemy.We sell to fast what could be huge winners
and keep to long our losers.This is well documented.I have done it so many times.

Akita is trading at a fraction of it's true value and investors are willing to depart 
themself from what will be a very rewarding investment.

Some who recently bouth in the $1.33-$1.43 will sell in the $1.80 to $2.00
thinking that it's a great short term profits.In a year or so when the stock is at $4,$5+
they will look back and understand their mistake.

I think i have told you my DRX story.Buying below $2(the low i got in was $1.68)in mid 2021.

Never sold a share.Fast forward 27 months and it closed today at $10.36
Was it tempting to sell, absolutly.But to be able to resist this HUMAIN NORMAL BEHAVIOR
is key to successful investing.

I do my share of mistake, we are all humain.But when i find stock like Akita And ADF Group,
i pile in and let the time do what it does best.

P.S. Oilinvestor2022, i like your sense of humour.Yes life is good!!!

And for Pennydredful , i wish i was able to have an impact on moving a stock.But i don't have that  power.I don't believe any of our posts can move market.How much of the handful of readers of my posts will actually buy Akita.One, two maybe.If i am right and a few investors
make money on my research then good for them.

I do these posts because i am retired and like sharing investments ideas.

I am a baseball fan, and truly believe that like in baseball right now, we are in spring training.
We aren't event in the first inning.Today was a good day, but the best is yet to come.

I said it many, many time on DRX board when the stock started it's appreciation, it won't go up
every day or week or month but with patience it will be very rewarding.

Good luck to all
Comment by ykzsh8 on Mar 05, 2024 12:25am
In a way, making these posts on the forum is like journaling to oneself, a constant reminder of why we invest and why to stay the course, just that posting on a forum is like sharing your self reflection. Personally, I appreciate that you share your research on the forum and I have learned a lot from your perspective on stocks. I'm a follower. If you're interested, here's my story. I& ...more  
Comment by Torontojay on Mar 05, 2024 6:23am
Nice post. It can be therapeutic to write about a company or an idea you might have. To keep your mind sharp and remind yourself why you invested in the first place. Invest in what you know is such a great idea that few people even do. I think as an investor it's important to try to understand the business you're trying to valuate. How does this business make money? Are the customers ...more  
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Investor Presentation

View the Presentation

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