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Akita Drilling Ltd. (T:AKT.A)

Business Focus: Oil & Gas Drilling

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Insider Chart - Past 6 Months

Insider Filings

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

May 16, 2019 12:34 ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, May 16, 2019 /CNW/ - AKITA Drilling Ltd.'s announces director election results from its 2019 annual meeting of shareholders held May 14, 2019. The following nominees, listed in the information circular dated March 5, 2019 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
0.98
0.70
5.94
Price to Book - most recent quarter
0.42
0.58
1.45
Price to Cash Flow per share - TTM
10.95
5.78
6.31
Price to Free Cash Flow per share - TTM
--
4.08
17.21
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Apr 30, 201920,1046,329
Apr 15, 201913,775-1,349
Mar 31, 201915,124-1,431
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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