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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 > Canaccord
View:
Post by lifeisgood1010 on Nov 01, 2024 3:50pm

Canaccord

I think i found Canaccord customer buying date and price.

On May 24, 2024, Canaccord bought 62,600 shares at an avg. price of $1.35.

And sold 15000 at $1.39.This could be 2 different customer

So it could be that customer selling between $1.60 to $1.66  who was the one that
bought the 62,600 shares

I went back from April till today.Unless that customer had bought prior
that date,it is him.

He must be over or close too selling.


Broker Buy Volume Buy Value Sell Volume Sell Value
33 Canaccord 62,600 84,543 15,000 20,805
1 Anonymous 25,700 35,080 3,300 4,544
7 TD Sec 18,487 25,665 4,185 5,881
2 RBC 15,100 20,833  
9 BMO Nesbitt 11,300 15,574 116,900 158,968
80 National Bank 5,600 7,828 1,602 2,243
79 CIBC 5,300 7,192 1,200 1,686
85 Scotia 2,100 2,932  
19 Desjardins 1,900 2,637 5,200 7,142
124 Questrade 1,000 1,350  
39 Merrill Lynch 200 286  
62 Haywood   1,800 2,514
13 Instinet   100 138
Comment by Newinvestor123 on Nov 01, 2024 6:28pm
I am curious when the earnings will be released?
Comment by lifeisgood1010 on Nov 02, 2024 9:28am
Last year, it was on Nov. 1st. So it should be in the coming days
Comment by blindpig on Nov 03, 2024 10:31am
According to Akita's website they'll release the results on Monday, probably after the markets close as they usually do.
Comment by Newinvestor123 on Nov 03, 2024 10:41am
Thanks, I will look forward to the earnings release and any forward guidance they may provide. I built a nice position of this security in my TFSA. Based on my research the book value is around $3.75 per share and the share price now looks ridiculously cheap.
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Investor Presentation

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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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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