Trio Petroleum Stock Surges Amid Rising Oil Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Should l Buy TPET?
Source: stocktwits
Trio Petroleum Corp's stock surged over 60% in pre-market trading, crossing above the 5-day SMA, reflecting strong market optimism amid rising oil prices.
The surge is attributed to a significant increase in WTI crude futures, which rose over 5% to $74.5 per barrel due to ongoing geopolitical tensions involving the U.S., Israel, and Iran. Additionally, Trio Petroleum announced the expected production from two new wells in Alberta, which will enhance its production capabilities and likely contribute positively to future revenue growth. The stock also saw a dramatic increase in investor interest, with a 1,190% rise in chatter on Stocktwits, indicating strong confidence in the company's future performance.
This surge in stock price not only reflects the immediate impact of rising oil prices but also highlights the company's strategic positioning in the market. With the new wells coming online, Trio Petroleum is well-positioned to capitalize on the current market dynamics, potentially leading to sustained growth in the coming months.
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Analyst Views on TPET
About TPET
Trio Petroleum Corp. is an oil and gas exploration and development company in California, Saskatchewan, Alberta and Utah. Its projects include South Salinas, Asphalt Ridge and McCool Ranch. In Monterey County, Trio owns an approximately 85.75% working interest in 9,300 acres at the Presidents and Humpback oilfields in the South Salinas Project, and an approximately 22% working interest in 800 acres in the McCool Ranch Field. It is developing the Asphalt Ridge project, one of the Heavy Oil and Tar Sand accumulations in North America. In the Asphalt Ridge project, the Company holds an approximately 2.25% working interest of 960 acres. Asphalt Ridge is a northwest-southeast trending topographic feature that crops-out along the northeast flank of the Uintah Basin. Trio LLC is a licensed operator in California and operates the South Salinas Project and the McCool Ranch Oil Field on behalf of the Company. It owns a mineral lease covering a quarter section located at NW 7-50-1W4 in Alberta.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Volatility: Oil prices experienced dramatic fluctuations after President Trump suggested that the Iran war could end soon, with Brent crude swinging about $36 intraday, marking the widest range since the Russian invasion of Ukraine in 2022, which triggered panic selling in the markets.
- Stock Declines: Amidst the oil price drop, Battalion Oil Corporation (BATL) shares fell approximately 16%, Trio Petroleum (TPET) declined roughly 12%, and the United States Oil Fund (USO ETF) dropped over 4%, reflecting investor concerns about market outlook.
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See More
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- Route Adjustment: Aramco has redirected some crude shipments to Yanbu on the Red Sea via an alternative pipeline, although this route lacks the capacity to replace normal exports through the Strait of Hormuz, potentially leading to future supply constraints.
- Israeli Strikes on Energy Infrastructure: Israel reportedly struck four oil storage sites and oil production transfer centers in Tehran, exacerbating the energy supply crisis in the Middle East and potentially driving oil prices higher.
- Oil Price Surge Warning: Qatar's Energy Minister warned that Gulf exporters may have to halt production within days, potentially driving oil prices to $150 per barrel, reflecting the market's heightened sensitivity to supply disruptions.
- Strong Market Reaction: The United States Oil Fund (USO) gained 12% in pre-market trading to its highest levels since October 2018, indicating strong investor expectations for rising oil prices.
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- Geopolitical Impact: The ongoing conflict between the U.S., Israel, and Iran has entered its tenth day, nearly halting shipping through the Strait of Hormuz, which typically transports about 20 million barrels of oil and petroleum products daily, further increasing market demand for energy.
- Strong Technical Analysis: Trio Petroleum has seen a 51.97% increase in stock price over the past year, currently trading at $2.35 per share, significantly above its 20-day, 50-day, and 100-day simple moving averages by 229.8%, 204%, and 170.7% respectively, indicating robust investor confidence.
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- Impact of Privatization: The acquisition will result in Lisata Therapeutics delisting from public markets, potentially providing the company with greater flexibility to focus on long-term strategic goals while mitigating the impact of market volatility on its operations.
- Market Dynamics Shift: The announcement of this deal has sparked interest in other related stocks, demonstrating investor enthusiasm for M&A activity in the biotech sector, which may influence future investment decisions and market trends.
See More
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- Oil Price Spike: The ongoing U.S.-Israel-Iran conflict has pushed WTI crude oil futures above $84 per barrel, setting the stage for the largest weekly gain since 2022, which further enhances Trio Petroleum's market performance.
- Strong Technical Analysis: Over the past year, Trio Petroleum's stock price has increased by 60.37%, currently trading well above key moving averages, indicating a strong technical position as it approaches its 52-week high of $2.50.
- Earnings Outlook: Trio Petroleum is set to report earnings on March 17, 2026, with an estimated EPS of 35 cents and revenue of $1.5 million, indicating a significant improvement in profitability compared to the previous year.
See More
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- Crude Price Surge: Amid escalating tensions between the U.S., Israel, and Iran, West Texas Intermediate crude oil prices have surged above $80 for the first time since January 2025, recently pushing past $86, indicating significant geopolitical risk impacts on energy markets.
- Small-Cap Oil Companies Benefit: Smaller exploration firms like Trio Petroleum (NYSE:TPET) have seen standout performance with over $500 million in trading volume and a new 52-week high, demonstrating how higher oil prices can significantly enhance the economics of marginal wells.
- Capital Raising Opportunities: Battalion Oil Corporation (NYSE:BATL) announced a $15 million capital raise priced at $5.50 per share, with expected net proceeds of approximately $14.1 million, providing crucial funding support for small firms during rising oil price periods.
- Energy Diversification Strategies: U.S. Energy Corp. (NASDAQ:USEG) is gaining attention for its integrated platform combining helium production and carbon management, highlighting how energy technologies are becoming more appealing in the wake of geopolitical shocks, while Turbo Energy (NASDAQ:TURB) emphasizes its AI-driven solar-plus-storage systems to shield industrial operators from fuel and power cost volatility.
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