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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

Oct 30, 2019 18:07 ET
AKITA announces third quarter results and the continuation of its US division consolidation plan
CALGARY, Oct. 30, 2019 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Read full article
Sep 26, 2019 16:55 ET
AKITA Drilling Ltd. Comments on Unusual Market Activity
CALGARY, Sept. 26, 2019 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A; TSX: AKT.B) ("AKITA") is issuing this news release in light of unusual trading activity related to the Class A Non-Voting Shares of AKITA (the "Shares") on the Toronto Stock Exchange. While AKITA does not normally comment on market activity, AKITA confirms that it is not aware of any undisclosed material change in the business, operations or affairs of AKITA that would account for the recent increase in trading activity, and related decrease in trading price, of the Shares on the Toronto Stock Exchange.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
0.24
0.27
3.22
Price to Book - most recent quarter
0.17
0.40
1.39
Price to Cash Flow per share - TTM
2.37
2.69
5.07
Price to Free Cash Flow per share - TTM
--
4.90
14.34
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Nov 30, 201939,955-671
Nov 15, 201940,626-823
Oct 31, 201941,449-462
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.

See business summary

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