Brian Dean, Publisher of OTCPicks.com, announced today that his firm has initiated Profile Coverage of AM Oil resources and Technology Inc. (OTCBB: AMOR) on their exclusive small cap alerts service. Mr. Dean comments, This week’s new stock idea has a lot of potential at the moment. Right off the bat, we like the fact that volume is coming back to the stock after a sharp selloff last month which suggests we may have spotted at least a temporary bottom. If that’s the case, getting in now at a 70% discount compared to last month sure seems like a good spot to us.
If we’re close to the bottom, then the downside should be limited from here and the upside is that we could have a nice breakout higher. We think the odds look very good on this one and it’s worth your time to take a look at it right now.
Here’s a trend that should really benefit this company - according to the Department of Energy, one way to prevent an oil supply disruption is to ensure our domestic production of oil is maintained. Remaining U.S. oil fields are becoming increasingly costly to produce because much of the easy-to-find oil has already been recovered. Yet, for every barrel of oil that flows from U.S. fields, nearly two barrels remain in the ground. The DOE strongly believes that better technology is needed to find and produce much of this “left-behind” oil.
With that in mind, now look at our latest stock idea—AM Oil Resources and Technology (AMOR) which is ideally positioned to give the Oil Industry and the Department of Energy exactly what is needed---an environmentally safe and cost-effective method of maximizing oil production from existing wells. In fact, AMOR is currently targeting approximately 480,000 marginal wells in the United States alone.
To join OTCPicks.com’s free investment alert service please visit http://www.otcpicks.com/microcap.htm
To view the OTCPicks.com Company Profile for AM Oil Resources and Technology Inc., please visit http://www.otcpicks.com/am-oil-resources-and-technology.htm
About AM Oil Resources and Technology Inc.
Our mission is to use, sell and produce our patent and patent pending technologies, providing environmentally safe and cost-effective apparatus designed to maximize oil production in oil fields, in both domestic and international markets; and to provide solutions to the world with technology that will recover crude oil that would otherwise remain in the ground forever. By utilizing proper development, partnership and strategic alliances, we will attain this goal. Our website is: www.am-oil.com
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: TCPicks.com has been compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for AMOR advertising and promotional services. Additionally OTCPicks.com has been previously compensated two thousand seven hundred dollars by a third party (Guidance Marketing) for a AMOR advertising and promotional program.
