Post by
lifeisgood1010 on Oct 25, 2024 2:15pm
73%
I made a typo. mistake for Akita.
It's 13 out of 17 not 16
I just looked at today's rig data.Akita's 13 rig are all drilling none are on the move.
Were are setting up to have a fantastic Q4.
I can't believe that this company is so diregarded.
Akita is working to get the back to have a pristine balance sheet.
If they want, they will be back to be a debt free company by year end 2025
or at the latest at the beginning of 2026.
While ESI and PD are also working at debt reduction it will take MANY, MANY years for them
to be in that position if ever.
With this kind of balance sheet strenght in mid 2025, Akita will have to deploy some or all
of that excess cash.Market participant will eventually flair that up.
I will say it again,will it be a SIB, a NCIB or reinstating a dividend?
The reinstatement of the dividend is almost a no brainer.
One day, just one day...
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