AYO unknown

Amity Oil enters agreement with distributor

  1. 7,163 Posts.
    lightbulb Created with Sketch. 1
    In their letter to shareholders amity oil announces they have entered into an agreement to supply gas to an energy marketing and distribution group ,that currently supplies fuel to a large number of customers in an industrial area close to the gocerler field.
    the energy group will be responsible for marketing in the Misinli area also .
    This is a major announcement that will accellerate sales of gas for amity .it seems unusual to me that it was put in the middle of a letter to shareholders .
    Fundamentally this looks way oversold.
    cheers Brenden
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.