Koil Energy Solutions (OTCMKTS:DPDW) is moving in a range after the full cycle subsea tech solutions provider announced Felipe Lunardini’s addition as Projects and Engineering Director. Lunardini will be in charge of overseeing the completion of all Koil Energy initiatives. He will also act as the system integrator for R&D and strategic collaborations in the future.
Trading Data
On Thursday, DPDW stock ended flat at $0.63 with 18.8K shares, compared to its average volume of 32K shares. The stock moved within a range of $0.6300 – 0.6300 after opening trade at $0.59.
Koil Energy Solutions Hires Felipe Lunardini as Director of Projects & Engineering
The company’s CEO and President, Charles Njuguna, said there is no better way to begin their journey to offering leading subsea equipment and support solution to the global offshore and energy industries than with world-class onboard talent.
He added that it is critical that Koil Energy hires and keeps the best talent, and Felipe’s career exemplifies the calibre we seek. We are confident that he will add to our already impressive lineup. Lunardini stated that he is delighted to join Koil in the new O&G and renewable sectors phase. He said that Koil Energy has competent and professional individuals that elevate industry standards. So DPDW is worth watching.
Key Quote
“What better way to start on our new journey to offer world-class subsea equipment and support services to the world’s energy and offshore industries than by bringing in world class talent,” said Charles Njuguna, President and CEO of Koil Energy. “It is imperative that Koil Energy recruits and retains top-tier talent, and Felipe’s career is a great example of the level we are looking for. We know he will bolster our already strong roster.”
Technical Data
DPDW stock is trading above the 20-Day and 50-Day Moving averages of $0.61 and $0.61 respectively. However, the stock is trading below the 200-Day moving average of $0.65.
