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 > Stampede Drilling outlook.More of the same

View:

Post by lifeisgood1010 on Nov 14, 2024 12:10pm

Stampede Drilling outlook.More of the same

Stampede Drilling reported last night.

It's a small outfit with 19 rigs.

Still more of the same when it comes to the outlook.Like i wrote previously.

EVERY company is seing the same positive trend for the Canadian side of the business.

Here is what Stampede had to say.

OUTLOOK

As of the date of this press release, Stampede has 13 out of its 19 rigs operating. Stampede anticipates maintaining this positive momentum into the fourth quarter of 2024 and into the winter drilling season.

Ongoing geopolitical challenges affecting global energy supply and demand will likely continue to impact the volatility on commodity prices, which we anticipate continuing into 2025. However, increased tidewater access for Canadian producers from the startup of the Trans Mountain pipeline expansion during the year and LNG Canada planned for 2025 are anticipated to help alleviate some of these pressures.

115