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 > First Quarter Results

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Post by Angles on May 01, 2024 11:48am

First Quarter Results

According to Darcy Reynolds, AKITA Drilling's V. P. of Finance, they will be releasing their first quarter results on Monday May 06, 2024 after the market close. Good luck to all AKT.A shareholders.

Angles

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Comment by Angles on May 01, 2024 1:13pm

I would note that the estimate for earnings for this upcoming first quarter are currently at $0.05 per share. With an estimate of $0.12 for the entire 2024 year. Plus, the current estimate for earnings in 2025 and 2026 are $0.23 and $0.29 respectively (everything entirely dependent on the price for and demand of oil/drilling). This should be enough to meet their aggressive debt repayment plans ...more

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Comment by blindpig on May 02, 2024 10:24pm

If that's the best Akita can achieve this stock will be stuck in the current $1.5 range for the foreseeable future. The bod needs to come up with a plan to enhance shareholder value. A merger with a larger oil serrvice company would be my preferred route. And until that can be achieved to reinstate even a small dividend to give shareholders a reason to hold the stock. $0.01 a quarter ...more

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AKITA Drilling Ltd