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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 > ATB capital ups it target on Total
View:
Post by lifeisgood1010 on Aug 09, 2024 12:15pm

ATB capital ups it target on Total

I just saw that ATB Capital just increased it's target on Total (Savana)
from $16.50 to $18.00

Total reported last night.

Here are comments taken from their reporting.Every company are pointing
to tailwinds in Canada

Industry conditions remain stable. While North American natural gas spot market price weakness has negatively impacted North American gas drilling activity, particularly in the United States, relatively strong oil prices and the pending completion of several LNG export facilities have provided tailwinds for the North American energy services industry, particularly in Canada.
Comment by auburn2 on Aug 09, 2024 2:31pm
I was an Essential Energy Services shareholder. I thought they sold out too cheaply. Not sure why the CEO didn't wait a little longer if LNG is going to be such a significant boon. He said there was no interest in the sector and that they couldn't attract a better bid.
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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