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Akita Drilling Ltd. (T:AKT.A)

Business Focus: Oil & Gas Drilling

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Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for AKT within the last 6 months
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Company News

May 13, 2020 20:05 ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, May 13, 2020 /CNW/ - AKITA Drilling Ltd. announces director election results from its 2020 annual meeting of shareholders held May 12, 2020. The following nominees, listed in the information circular dated March 4, 2020 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
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May 07, 2020 19:04 ET
AKITA Drilling Ltd. confirms virtual delivery of Annual Meeting of Shareholders
CALGARY, May 7, 2020 /CNW/ - ("AKITA" or "the Company", TSX: AKT.A, AKT.B) reminded shareowners today that it will be holding its upcoming annual meeting of shareholders (the "Meeting") online via live webcast on Tuesday, May 12, 2020 at 10:00am Mountain Daylight Time, as set out in its Management Information Circular dated March 4, 2020, which can be found on www.sedar.ca.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
0.10
0.20
4.72
Price to Book - most recent quarter
0.08
0.21
1.44
Price to Cash Flow per share - TTM
--
1.93
4.59
Price to Free Cash Flow per share - TTM
2.95
2.99
12.33
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jun 15, 202078,92118,534
May 31, 202060,38718,397
May 15, 202041,990-1,050
See Short Report

Business Summary

Sector:  Energy Industry:  Oil & Gas Drilling

AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada. The Company manages its business through approximately two geographic regions, which include Canada and the United States. The Company specializes in the construction and retrofit of heavy oil pad drilling rigs associated with Steam Assisted Gravity Drainage (SAGD) operations. Its rigs are used in operations spanning Fort McMurray, the Alberta oil sands region. The Company also has shale gas operations in the Horn River Basin area of Northeast British Columbia. AKITA is involved in drilling horizontal shale gas wells, with a fleet of deep capacity triple rigs in the areas of Alberta and British Columbia, including the Montney, Duvernay and Horn River regions.

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