Post by
lifeisgood1010 on Oct 04, 2024 1:14pm
Akita drilling will surprise on the up side
Baker Hughes data shows that 5 more rigs were added this week and are now
43 up vs last year.
On the US side they are down 2 on the week and 34 vs last year.
I will say it again, with 12 rigs preserntly working in Canada and probably as much in the US.
That's a combine working rate of 75%
The CDN op. worked at 31% in Q2
Akita's results will surprised in Q3 but much much more in Q4.
They are marching to become the old Akita we all knew in the early 2000.
This was a $27 stock.Factor in that we now have a bit more than twice the amount of share
translate to about $12.50
The stock as been base forming since 2019.
what do they say,the longer the base the higher in space.
When it will start moving...
Make no mistake it will happen
Comment by
CarlM20 on Oct 13, 2024 9:13pm
Hi, I will start a position this week. Carl