When a stock records considerable losses over a reasonable period of time, it is time for investors to ponder if it could be an opportunity to get into at a discount and the Avanti Energy Inc (OTCMKTS:ARGYF) stock could be such an opportunity at this point.
Over the course of the past week, the stock has been in the middle of a bit of a downward spiral and declined by as much as 10% amidst a selloff. However, on Thursday, the company made a major announcement and investors ought to take a closer look at it. Avanti Energy announced yesterday that it brought in Jody Denis in the capacity of Senior Drilling and Completions Manager.
In this particular role, Denis is going to be in charge of the drilling programs of the company in Montana and Alberta. In addition to that, it is perhaps also necessary to take a look at Denis’ credentials to get a better about how he might contribute towards the company’s growth. Denis’ experience in the oil and gas industry stretches across a period of around 19 years. In addition to that, he has also been involved with production optimisation and new well completions during the course of his long career.