Henry Wilmot - AKITA Drilling Director

AKTAF Stock  USD 1.08  0.01  0.92%   

Director

Mr. Henry G. Wilmot was appointed as Director of AKITA Drilling Ltd., with effect from 14 November 2014. Mr. Wilmot has broad based business experience including years with the ATCO Group of Companies. During that time he held progressively senior positions and was most recently Chief Operating Officer, Energy and Industrials, ATCO Group. Mr. Wilmot also has 12 years of senior management experience in the energy service industry in Canada. Canada. since 2014.
Age 60
Tenure 10 years
Phone403 292 7979
Webhttps://www.akita-drilling.com

AKITA Drilling Management Efficiency

The company has return on total asset (ROA) of (0.0152) % which means that it has lost $0.0152 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0705) %, meaning that it generated substantial loss on money invested by shareholders. AKITA Drilling's management efficiency ratios could be used to measure how well AKITA Drilling manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 84.44 M in total debt with debt to equity ratio (D/E) of 0.78, which is about average as compared to similar companies. AKITA Drilling has a current ratio of 1.55, which is within standard range for the sector. Debt can assist AKITA Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, AKITA Drilling's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AKITA Drilling sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AKITA to invest in growth at high rates of return. When we think about AKITA Drilling's use of debt, we should always consider it together with cash and equity.

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AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. The company was founded in 1964 and is headquartered in Calgary, Canada. Akita Drilling operates under Oil Gas Drilling classification in the United States and is traded on OTC Exchange. It employs 1060 people. AKITA Drilling [AKTAF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

AKITA Drilling Leadership Team

Elected by the shareholders, the AKITA Drilling's board of directors comprises two types of representatives: AKITA Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AKITA. The board's role is to monitor AKITA Drilling's management team and ensure that shareholders' interests are well served. AKITA Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AKITA Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Fred Hensel, VP of Marketing
Harish Mohan, Independent Director
C Spitznagel, Director
Murray Roth, CFO, VP of Fin. and Member of Pension Committee
Douglas Dafoe, Director
Nancy Southern, Director
Dale Richardson, Director
Linda SouthernHeathcott, Chairman of the Board
Charles Wilson, Independent Director
Colin Dease, Corporate Secretary
Ronald Southern, Deputy Chairman of the Board
Loraine Charlton, Independent Director
Linda ICDD, Ex CEO
Craig Kushner, Director - Human Resources
Lorne Thompson, VP Operations
Karl Ruud, CEO and President Director and Member of Pension Committee
Darcy Reynolds, Vice President - Finance
Linda Heathcott, Chairman of the Board
Arthur Eastly, Independent Director
Henry Wilmot, Director
Raymond Coleman, Sr. VP

AKITA Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is AKITA Drilling a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with AKITA Drilling

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AKITA Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.

Moving together with AKITA Pink Sheet

  0.61NSFDF NXT Energy SolutionsPairCorr

Moving against AKITA Pink Sheet

  0.47ZTLLF ZonetailPairCorr
The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AKITA Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AKITA Drilling to buy it.
The correlation of AKITA Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AKITA Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AKITA Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AKITA Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKITA Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the AKITA Drilling information on this page should be used as a complementary analysis to other AKITA Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running AKITA Drilling's price analysis, check to measure AKITA Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between AKITA Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if AKITA Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AKITA Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.