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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 > More consolidation in the industry needed
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Post by pennydredful on Jun 12, 2024 3:08pm

More consolidation in the industry needed

I   wonder   where   Akita   stands   re   that   .  Obviously  a road  they  have been  down  before
Comment by blindpig on Jun 12, 2024 7:45pm
This would be my first question to the bod if they didn't just have virtual annual meetings.  They seem to be talking more about being the aquirer than the aquiree.  Not sure how that is possible with their equity trading at 30% of BV. Borrowing would be out of the question.
Comment by pennydredful on Jun 12, 2024 10:51pm
May  need  to  be  more  of  a merger   .  Stampede  Drilling   could  be a candidate .  There  needs to be  a   "meeting of the minds"   .  
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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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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