Trio Petroleum Shares Surge Amid Geopolitical Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
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Should l Buy TPET?
Source: Benzinga
- Stock Surge: Trio Petroleum's shares surged 169.05% to $1.13 on Monday afternoon, reflecting strong investor interest in small-cap oil and gas stocks following U.S. and Israeli military actions against Iran.
- Supply Tightness Impact: Investors are betting that tight physical supply will enhance the economics of Trio Petroleum's focused portfolio of higher-risk, higher-reward assets, further driving the stock's momentum.
- Project Advantages: The company holds a majority working interest in approximately 9,300 acres at its flagship South Salinas project in California, along with interests in Utah's Asphalt Ridge heavy-oil project and Canadian heavy-oil properties, providing a solid foundation for future growth.
- Market Sensitivity: While higher crude prices may support faster development of its Canadian assets, Trio Petroleum's stock remains extremely sensitive to commodity prices and geopolitical headlines, indicating its vulnerability in the current market environment.
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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 Surge: Oil prices spiked over 10% on Monday due to escalating tensions in the Middle East, with both WTI and Brent crude remaining above $100 per barrel, directly benefiting energy stocks like Trio Petroleum.
- 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.
- Relative Strength Index: The Relative Strength Index (RSI) for Trio Petroleum stands at 67.06, suggesting that while the stock is nearing overbought territory, there is still upward momentum, reflecting strong investor optimism towards the stock.
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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.
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- Stock Performance Surge: Trio Petroleum shares surged over 35% in pre-market trading on Friday, extending a remarkable rally that has seen the stock rise nearly 280% this month, driven by escalating tensions in the Middle East and rising crude oil prices, indicating strong market confidence in energy stocks.
- Financing Update: The company recently converted $1.2 million in convertible notes into common stock, with the total shares available for sale now standing at $4 million, providing crucial funding support for further expansion and enhancing its competitive position in the market.
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- Optimistic Market Sentiment: Trio Petroleum's message activity on Stocktwits surged nearly 96% in the past 24 hours, with sentiment remaining in the 'extremely bullish' territory, as many users expect the stock to climb further, reflecting strong investor confidence in the company's future performance.
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