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

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AKITA Drilling Ltd > Income tax assets greater than the value of the SP

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Post by lifeisgood1010 on Feb 20, 2024 2:08pm

Income tax assets greater than the value of the SP

Here is the info Hockeyz,You can go and verify it.

I'ts on page 19 of the 2022 annual report.

Hope this help

Here it is

A net deferred

tax asset has not been recognized for $76 million (2021 – $69 million). This amount is primarily related to non-capital losses carried

forward.

Total gross tax losses available to the Company are $434,694,000 with $398,191,000 in the US and $36,503,000 in Canada. The

first of these losses will begin to expire in 2031.

----------------------------------------------------------

This tax assets is off balance and not recognized so far in Akita's results but it is real.

It equats to $1.91 / share and the stock trade
at $1.48

135