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 > One of the cheapest stock on the TSX

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Post by lifeisgood1010 on Jul 26, 2024 12:22pm

One of the cheapest stock on the TSX

Good morning Oiliswell,

I have to agree and disagree at the same time on your comment.

Yes,when a stock as illiquid as Akita is in the doldrums,then having a sizable position
can be a problem for an investor who needs to sell.

But if you are not in a hurry, then it does not matter at all.

In mid 2022, i had built a 50,000 shares position in DRX at a cost of $1.68 to $2.00
In these days, there were many, many weeks were the total share traded in a whole week was
less than 30,000 shares.There were weeks that it even trades below 10,000 shares.

My wife thought that i was crazy.

Today,DRX trades more than 250,000 daily (all stock exchanges).It can trade more in 30
minutes than what it was trading in a whole week in 2022.

The difference is that it was discovered by small investors when the company profitability
change dramatically.

My float estimate on DRX is about 15 million shares and 24 million shares for Akita.

For me, it's only of matter of when not if.

When investors do discover Akita and see the turn around situation and the value it is trading
at versus the worth of it assets and when we see much better profitability then we will see much
higher volumes.

At that point, investors who have sizebble position and want to sell some will be able to do it
easily.But that is not this week, probably not next month either but it could be before year end.

I see that it was not NA selling at 11:34.Could it be that the seller at NA is done.
Maybe, maybe not.
Only time will tell

Have a nice weekend

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
11:34:53	H	1.47	0.07	1,500	9 BMO Nesbitt	1 Anonymous	K
11:34:53	H	1.47	0.07	2,000	9 BMO Nesbitt	1 Anonymous	K
11:34:53	T	1.45	0.05	4,600	9 BMO Nesbitt	85 Scotia	K
11:34:53	T	1.45	0.05	2,000	9 BMO Nesbitt	7 TD Sec	K
11:34:53	T	1.45	0.05	8,500	9 BMO Nesbitt	88 Credential	K
11:34:53	T	1.44	0.04	100	9 BMO Nesbitt	79 CIBC	K
11:34:53	A	1.44	0.04	5,000	9 BMO Nesbitt	39 Merrill Lynch	K
11:34:53	X	1.44	0.04	100	9 BMO Nesbitt	39 Merrill Lynch	K
11:34:53	X	1.43	0.03	100	9 BMO Nesbitt	79 CIBC	K
11:34:53	T	1.44	0.04	600	9 BMO Nesbitt	19 Desjardins