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... see more

TSX:AKT.A - Post Discussion

AKITA Drilling Ltd > RE:Total take over = $4.01

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Post by lifeisgood1010 on Jan 24, 2024 2:28pm

RE:Total take over = $4.01

Hi Possible,

I guess it's the B shares that Sentgraf has that prevent any take over.

For a take over, It would have to be with the willing of the Southern familly.

I don't have access to Akita's USA activity but there is a CDN web site that give
live up to date rig activity.

So far in January, Akita has 10 out of their 20 rigs working.That is good in this soft market.

If the LNG project get going and AECO pick up, we could see more activity in the Montney.

Also, if we do see the Trans Mountain get filled in March and if the WCS differential gets smaller
who knows, maybe we see even more activity.

There is a lot of IF in there.

But with such a cheap valuation attached to Akita's rigs one can't go wrong.

I wrote to the CFO, and he said that it was a very frustrating situation to see the stock price
at these level.

Just like my investment in DRX( in mid 2021 that went from $1.68 to todays $7.87. i beleive
that time and patience will reward me BIG BIG TIME.

Good luck with all of your investment and thanks for your comments

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