Post by
lifeisgood1010 on Jul 26, 2024 8:04am
SDI results off but brighter outlook for H2 like AKITA
I too, was looking at SDI results and thinking the same thing as you.
SDI rig utilzation in Q2 was 20%.Right now they are at 68%
Akita's results for Q2 are going to be lackluster at best.
But we know that Q3,Q4 and 2025 are going to be very good.
By year end they will be close to their 50 million of long term debt target.
At that point, it will be interesting to see what they elect to do.
Will it be more debt reduction in 2025, reinstating a dividend, do a NCIB
or a SIB or maybe a mix of some of that.
In any event, Akita's prospect is getting better as each days go by.
Now we need to get rid of that seller so that the stock gets in strong hands
like mine.
When most of the shares are in the hands of investors who sees what i see and that the shares are no longer offer to be sold then we will see a BIG appreciation.
That will that the time it takes.I am in no hurry.Idon't invest in a company for instant gratification.
Nice weekend to all