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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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TSX:AKT.A - Post Discussion
AKITA Drilling Ltd
> A picks-and-shovels oil stock in deep value territory
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•••
TrevorAbes
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Post by
TrevorAbes
on Feb 29, 2024 7:08am
A picks-and-shovels oil stock in deep value territory
https://stockhouse.com/news/newswire/2024/02/29/akita-drilling-a-picks-and-shovels-oil-stock-deep-value-territory
(103)
•••
pennydredful
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Comment by
pennydredful
on Feb 29, 2024 7:23pm
Anyone care to speculate why Akita would commission such a report ?
(1955)
•••
Possibleidiot01
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Comment by
Possibleidiot01
on Mar 01, 2024 4:09pm
As somebody who may be missing an opportunity here ( still pondering) , I'll take a stab at why. It can't be anything to do with the future NCIB ; why would drive up the price the company would have to pay? “The economics of building new equipment, considering that a new estimated AC triple rig build costs in excess of US$40 million, and the economics of most mergers, unless they are
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