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Bullboard - Stock Discussion Forum
AKITA Drilling Ltd
T.AKT.B
Primary Symbol:
T.AKT.A
Alternate Symbol(s):
AKTAF
Energy
Oil & Gas Drilling
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...
one DC triple rig, all serving the Permian Basin. With a fleet of 17 rigs, its Canadian division operates in Alberta, British Columbia, Saskatchewan, and as market conditions dictate, the Yukon and the Northwest Territories. The Canadian division operates both wholly owned rigs and rigs. Its Canadian division primarily operates in the oil sands, heavy oil regions and in the Montney deep gas basin. In addition, the Canadian division plays a role in drilling potash and other energy transition targets, including carbon capture wells, hydrogen storage wells and geothermal wells.
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Company Website
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Bullboard (TSX:AKT.A)
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(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Nov 21, 2024 3:06pm
We will run short on all energy supply(Eric Schmidt)
Those who did their homework and saw that this sector was going from head winds to huge tail winds are reaping the benefits. ESI has just hit a 12 months high.Pd is also up again today while Akita is
...more
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Nov 21, 2024 9:34am
Nat gas keeps climbing
Current month AECO was 55 cents no later than nov. 5th.Yesterday, it closed at $1.95 Same thing south of our border.It is currently Henry hub is at $3.41 What all drillers were saying
...more
Energy Co Unveils Q3 2024 Results: Record Growth & Strategic Expansion
posted Nov 21, 2024 9:00am by
Coelacanth Energy Inc.
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In Q3 2024, Coelacanth started the construction of its planned $80.0 million infrastructure project that includes over 35 kilometers of pipelines and a facility to handle current behind pipe volumes and future expansions. Ultimately the facility will be able to handle approximately 16,000 boe/d of which Coelacanth has approximately 4,400 boe/d tested but shut-in at the 5-19 Two Rivers East pad ...read more
•••
Jonathon Brown
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Post by
Jonathon Brown
on Nov 21, 2024 6:55am
Buzz on the Bullboards: Bombardier, world woes, a smart fridge, and top shelf weed
A highlight of the week was Bombardier (TSX:BBD), which reported impressive growth in its Q3 2024 results.
read article.
(1013)
•••
lifeisgood1010
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Post by
lifeisgood1010
on Nov 20, 2024 9:19am
Drilled but uncompleted wells.Henry Hub at $3.13
Many thanks for the video link.I had not seen it. It does confirm my views about Akita firing from all cylinders on both side of the border with 13 rigs in CDN and 13 in the USA. Henry hub gas price
...more
(13)
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drongodragon
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Comment by
drongodragon
on Nov 19, 2024 7:04pm
RE:Drilled but uncompleted wells.
As a silent reader your posts are appreciated. Have a good vacation, stay away from AI, and if anyone hasn't seen it, yesterday's interview: [url=https://https://stockhouse.com/news/press
...more
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Nov 19, 2024 12:02pm
Drilled but uncompleted wells.
I read every were that the drilled but uncompletd wells in the Permian are way way down. The Henry Hub nat. gas price is once again hiting the $3 wall resistance. Could the shale depletion coupled
...more
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Nov 14, 2024 12:10pm
Stampede Drilling outlook.More of the same
Stampede Drilling reported last night. It's a small outfit with 19 rigs. Still more of the same when it comes to the outlook.Like i wrote previously. EVERY company is seing the same
...more
(3)
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DPSMAN7
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Post by
DPSMAN7
on Nov 14, 2024 10:58am
Added to my watchlist
This could be big for Akita
(1013)
•••
lifeisgood1010
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Post by
lifeisgood1010
on Nov 14, 2024 10:11am
Paramount part 2
I was looking who is Paramount using for it's drilling as of yesterday. Paramount are using the 5 drilling rigs of Fox Drilling and one with Western Energy. Paramount also as one Western
...more
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Nov 14, 2024 9:53am
Paramount budget for 2024 = $575 million
I got this from AI without doing other research so do your own DD But from the likes of it there is a good potential for drilling $$ if Akita can get some works here in Canada since they are
...more
(1013)
•••
lifeisgood1010
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Post by
lifeisgood1010
on Nov 14, 2024 9:43am
Ovintiv possible impact on Akita
I have never seen Paramout as a customer of Akita. But Akita as been drilling in the Permian this year for Ovintiv. This massive acquisition of Paramount will/ could provide opportunity for Akita to
...more
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Nov 12, 2024 1:17pm
Already more than Q2
We are not even half way throught Q4 and Akita as performed more working days than in Q2 Today, they have reached 474 working days and in Q2 it was 473 In Q3 it was 698. Akita should do about
...more
(1013)
•••
lifeisgood1010
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Post by
lifeisgood1010
on Nov 08, 2024 8:58am
All on the same page
So far, EVERY company that have reported Q3 results are seeing and saying the same thing in regards to the activity outlook for the drilling and service drilling sector in Q4 and 2025. If it were
...more
(1013)
•••
lifeisgood1010
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Post by
lifeisgood1010
on Nov 06, 2024 8:29am
Trump impact on the drillers
There was a temporary ban from the Democrats on new LNG project in the USA. With Trump in power, these ban will be lifted.This will increase the demand for gas drilling in the Permian. Politics
...more
(11)
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Newinvestor123
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Comment by
Newinvestor123
on Nov 05, 2024 6:31pm
RE:Re: discussing Akita's earning report
I also own Major Dilling Group International Group Inc along with Akita. Earlier today MDI snapped up a small driller in Peru and MDI shares popped by about 8.5%. My fear is with Akita trading
...more
(1013)
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lifeisgood1010
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Post by
lifeisgood1010
on Nov 05, 2024 5:07pm
Re: discussing Akita's earning report
I said so many time what i think about Akita, i don't realy know what more to say But i will give it a try once again. I said EPS would come between 3 to 5 cents.They came in at 3 cents. I said
...more
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