Opinions
Ravi Sood
Akita Drilling Ltd.
AKT.A-T
BUY
Apr 21, 2008
Very good company. Interesting space to be in. The turnaround in share price of the drillers has probably preceded the fundamentals. Fundamentals over the next several years look incredibly strong. Prefers drillers that have a yield such as Precision Drilling (PD.UN-T). Good entry point.
$15.740
Stock price when the opinion was issued
oil
gas field services
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BUY ON WEAKNESS
Came off along with other drillers but had a good rebound. Likes that they make money in bad times. Very conservative balance sheet. High capacity utilization. Tend to add new rigs only when they have them booked. Have work in the Montney region in B.C. and the Bakken in Saskatchewan. $14 would be a reasonable price.
oil
gas field services
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