ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Trio Petroleum Corp

Trio Petroleum Corp (TPET)

0.2532
-0.0146
(-5.45%)
Closed May 22 4:00PM
0.2481
-0.0051
( -2.01% )
Pre Market: 6:06AM

Professional-Grade Tools, for Individual Investors.

TPET News

Official News Only

TPET Discussion

View Posts
FACT-MASTER FACT-MASTER 2 weeks ago
TPET: New video

👍️0
FACT-MASTER FACT-MASTER 2 weeks ago
TPET: Update / NYSE Compliance

https://finance.yahoo.com/news/company-regains-nyse-listing-compliance-142300943.html


Very nice update, imo, remaining on NYSE implies market confidence and respect, imo.
👍️0
harry crumb harry crumb 3 weeks ago
.25 we are in again, $$$$$$$
👍️0
FACT-MASTER FACT-MASTER 3 weeks ago
TPET: Valkor/ Quadrise updates/ Heavy Sweet Oil (HSO)

https://markets.ft.com/data/announce/detail?dockey=1323-16430742-4KF4PK59QAAV0EDAL97U8NGGSQ

https://www.sharesmagazine.co.uk/news/market/1713522061656383100/quadrise-partner-hso-receives-funding-for-valkor-project-in-utah

https://www.worldexpro.com/news/newstrio-petroleum-to-acquire-20-stake-in-asphalt-ridge-project-in-utah-us-11418485#:~:text=The%20oil-saturated%20sandstones%20extend,about%2020%20miles%20(32km).

https://www.valkorgroup.com

https://www.sharecast.com/news/aim-bulletin/quadrise-posts-progress-with-utah-partner-valkor--16626754.html
👍️0
FACT-MASTER FACT-MASTER 3 weeks ago
TPET: https://finance.yahoo.com/news/company-commences-oil-sales-california-110000683.html

Trio Petroleum Corp.
Company to Ship First Commercially Marketed Oil Sales
Since Resumption of Operations in February

Rig Scheduled for First Exploratory Well on Utah Asset

Bakersfield, CA, April 24, 2024 (GLOBE NEWSWIRE) -- Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its petroleum assets in Monterey County, California, and Uintah County, Utah.

The Company this week will make its first sale and shipment of oil produced at the McCool Ranch Field in Monterey County, California. The Company will ship approximately 2,100 barrels of oil, which were produced primarily from the HH-1 well that was brought back online in late February of 2024. Net of 16.67% royalties and oil trucking costs, the 80% net revenues to TPET from this sale are expected to be approximately $105,000.

The Company is also announcing the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A rig is scheduled to be on site this Sunday, and to drill and complete the Company’s first well on this asset in the next two weeks. Drilling results are expected to be readily available shortly after the well is drilled to a total estimated depth of 1,200 feet. The project targets a highly promising heavy-oil tar sand field that is expected to be densely developed at scale, with as low as 2.5 acre spacing for future wells. Through existing working interests and option agreements, the Company has the ability to take up to a 20% working interest in this project.

“These are positive next milestones for our Company,” commented Michael Peterson, CEO of Trio Petroleum Corp. “It is very encouraging to see these next steps happen in the transition from the exploration and de-risking of these promising oil and gas assets into potentially scalable cash-flowing resources. We look forward to providing further updates as we drill our first well on the Asphalt Ridge Asset and restart production on additional wells and selling of oil produced from both the McCool Ranch and Presidents Fields in the months ahead.”

Presidents Field

On March 26, 2024, the Company brought the HV-3A well in the Presidents Field back into production at a previously-reported oil production rate of 30 barrels of oil per day (BOPD). This well was drilled and completed in 2018 as an exploratory well, and in 2018-2019 it was briefly production-tested, during which peak production was 154 BOPD and average production was 33 BOPD.

This well is producing from 125 feet of perforations in the Yellow Zone, which is also commonly referred to as the Yellow Chert, and from an additional 125 feet of perforations in the overlying Upper Monterey Clay. The Monterey Formation is one of California’s major oil and gas producing zones.

Operations at HV-3A do not require steam due to the favorable viscosity of the mid-gravity oil. TPET believes that production at HV-3A can be significantly increased over current and previous levels, for example by:

adding up to 650 feet of additional perforations in the currently-producing oil zone
opening deeper behind-pipe oil zones, portions of which are already perforated
acidizing the well for borehole cleanup
other methods and operations under consideration
TPET will produce and monitor the HV-3A well as currently completed and when appropriate will take steps to increase production. There are potentially up to 50 development-well locations at Presidents on 40 acre well spacing, as indicated in the Company’s reserve report as filed with the SEC.

McCool Ranch Field

On February 22, 2024, the Company brought the HH-1 well at McCool Ranch back into production at a previously-reported oil production rate of 47 BOPD. The HH-1, 35X and 58X wells at McCool are now all producing with the HH-1, which started production late February, accounting for the majority of the approximate 2,100 barrels of oil that are being sold and shipped this week. As it did with the HH-1 well, The Company is currently taking steps to optimize the oil production from the 35X and 58X wells, including possibly employing cyclic steam and is also taking steps to bring the additional shut-in oil wells in this field back online.

Summary

In summary, the Company currently has four actively producing oil wells in California, three at McCool Ranch Field and one at Presidents Field and the Company is now selling and shipping oil from its California assets. The Company will be drilling its first well at the Asphalt Ridge Asset in Utah next week.

Additional information is provided on TPET’s website at the following link: https://trio-petroleum.com

About Trio Petroleum Corp

Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns 2.25% working interest in 960 acres and options to acquire up to 20% working interest in the 960 acres, in an adjacent 1,920 acres, and in the greater 30,000 acres of the Asphalt Ridge Project.
👍️0
DK11 DK11 4 weeks ago
I have been trading stocks for years now, i will be getting out of stock trading til after the election. Never have I seen stocks be so bad to trade.
👍️0
tw0122 tw0122 4 weeks ago
The Company this week will make its first sale and shipment of oil produced at the McCool Ranch Field in Monterey County, California. The Company will ship approximately 2,100 barrels of oil, which were produced primarily from the HH-1 well that was brought back online in late February of 2024. Net of 16.67% royalties and oil trucking costs, the 80% net revenues to TPET from this sale are expected to be approximately $105,000.

The Company is also announcing the commencement of drilling activities on the Asphalt Ridge project in Uintah County, UT. A rig is scheduled to be on site this Sunday, and to drill and complete the Company’s first well on this asset in the next two weeks. Drilling results are expected to be readily available shortly after the well is drilled to a total estimated depth of 1,200 feet. The project targets a highly promising heavy-oil tar sand field that is expected to be densely developed at scale, with as low as 2.5 acre spacing for future wells. Through existing working interests and option agreements, the Company has the ability to take up to a 20% working interest in this project.

“These are positive next milestones for our Company,” commented Michael Peterson, CEO of Trio Petroleum Corp. “It is very encouraging to see these next steps happen in the transition from the exploration and de-risking of these promising oil and gas assets into potentially scalable cash-flowing resources. We look forward to providing further updates as we drill our first well on the Asphalt Ridge Asset and restart production on additional wells and selling of oil produced from both the McCool Ranch and Presidents Fields in the months ahead.”

Presidents Field

On March 26, 2024, the Company brought the HV-3A well in the Presidents Field back into production at a previously-reported oil production rate of 30 barrels of oil per day (BOPD). This well was drilled and completed in 2018 as an exploratory well, and in 2018-2019 it was briefly production-tested, during which peak production was 154 BOPD and average production was 33 BOPD.

This well is producing from 125 feet of perforations in the Yellow Zone, which is also commonly referred to as the Yellow Chert, and from an additional 125 feet of perforations in the overlying Upper Monterey Clay. The Monterey Formation is one of California’s major oil and gas producing zones.

Operations at HV-3A do not require steam due to the favorable viscosity of the mid-gravity oil. TPET believes that production at HV-3A can be significantly increased over current and previous levels, for example by:

adding up to 650 feet of additional perforations in the currently-producing oil zone
opening deeper behind-pipe oil zones, portions of which are already perforated
acidizing the well for borehole cleanup
other methods and operations under consideration
TPET will produce and monitor the HV-3A well as currently completed and when appropriate will take steps to increase production. There are potentially up to 50 development-well locations at Presidents on 40 acre well spacing, as indicated in the Company’s reserve report as filed with the SEC.

McCool Ranch Field

On February 22, 2024, the Company brought the HH-1 well at McCool Ranch back into production at a previously-reported oil production rate of 47 BOPD. The HH-1, 35X and 58X wells at McCool are now all producing with the HH-1, which started production late February, accounting for the majority of the approximate 2,100 barrels of oil that are being sold and shipped this week. As it did with the HH-1 well, The Company is currently taking steps to optimize the oil production from the 35X and 58X wells, including possibly employing cyclic steam and is also taking steps to bring the additional shut-in oil wells in this field back online.

Summary

In summary, the Company currently has four actively producing oil wells in California, three at McCool Ranch Field and one at Presidents Field and the Company is now selling and shipping oil from its California assets. The Company will be drilling its first well at the Asphalt Ridge Asset in Utah next week.

Additional information is provided on TPET’s website at the following link: https://trio-petroleum.com
👍️0
FACT-MASTER FACT-MASTER 1 month ago
TPET: Article of interest re: HV-3A deeper sections/below bridge plugs
(HV-3A - could make for an interesting update, should there be significant oil below bridge plugs)

https://www.energy-pedia.com/news/usa/trio-petroleum-commences-production-at-its-hv-1-confirmation-well-and-hv-3a-discovery-well-in-the-south-salinas-project-193755

04 Jan 2024
Photo - see caption
Trio Petroleum, a California-based oil and gas company, has provided updates on its HV-1 confirmation well ('HV-1') and its HV-3A discovery well ('HV-3A') in the Company’s South Salinas Project.

On December 27, the Company moved a rig onto location at its South Salinas Project to begin a workover of its HV-1 well, and subsequently the rig will move to its previously drilled HV-3A well. The Company estimates both wells should be producing on pump in mid- to late-January. A pumping unit and temporary facilities are already installed at the HV-1 well site and are now being reinstalled at the HV-3A well site.

The HV-1 was drilled as a two-mile step-out from the previously drilled HV-3A well. The HV-1 location was chosen based on interpretation of 3-D seismic data with the goal of better defining the magnitude of the Presidents Field located in the large 9,267 acre South Salinas Asset in which Trio owns an 85.75% working interest.

During the drilling and testing of the HV-1 well, the Company was excited by the oil shows and swab testing results of the Mid-Monterey-Clay, a zone previously not assigned any value in the Company’s reserve report, but which swab tested at rates of up to approximately 125 barrels of oil per day ('BOPD'). The swabbing operations were short-term and are not necessarily indicative of long-term production capacity and, therefore, the Company plans to further test the zone by putting it on pump and producing from this new zone. The Company believes production from this zone will further increase the reserves and PUDs of the Company’s current approximate $2 billion PV(10) reserve value. The workover of the HV-1 well will isolate existing perforations in the Mid-Monterey-Clay at 6,390-6,560 feet depth (170 feet of perforations) from perforations in shallower zones, allowing the Company to then production test the Mid-Monterey-Clay by putting it on pump.

Recently, Company management revisited the exploration permit for the HV-3A well and determined that production of the well could resume, and that a majority of the permitted eighteen-month test-period remains. This unexpected, but very favorable, outcome enables the Company to produce from two wells, the HV-1 and HV-3A, much earlier than expected. The Company is currently improving the road to the HV-3A well site, reinstalling temporary facilities, and putting the well back on pump. There are currently 250 feet of open perforations in the HV-3A well, of which 125 feet are in the Yellow Zone and 125 feet are above the Yellow Zone in the Upper-Monterey-Clay.

Earlier production testing on pump of these same HV-3A perforations recovered 18.5° to 22.4° API gravity oil at rates up to 154 BOPD, with the average over the final two weeks being 33 BOPD plus 86 barrels of water per day (“BWPD”). The future production of the HV-3A well could be improved as the perforations have not yet been acidized for borehole-cleanup and there are significant behind-pipe intervals in the well that have not yet been perforated. The Company intends to production test the existing open perforations on pump and to then take steps, as may be appropriate, to increase oil and gas production at the well, such as acidizing for borehole-cleanup, adding new perforations, and/or opening existing deeper perforations that previously produced oil and that are currently below bridge plugs.

Photo - see caption
Source: Trio Petroleum
👍️0
harry crumb harry crumb 1 month ago
Oh ya just never kno, these litty bitty’s are flipped daily 3/4/5 times for day traders so we’l play it as we see it
👍️0
da_stock_analyst da_stock_analyst 1 month ago
#TPET 🔥 short squeeze soon? Shorts could be burnt! $tpet
👍️0
harry crumb harry crumb 1 month ago
Yeah got back in at .38-.40
👍️0
FACT-MASTER FACT-MASTER 1 month ago
TPET: Nice consolidation in the .30/.40 area.
👍️0
Moonboy1 Moonboy1 1 month ago
Guess if you were not in this yesterday it's just a loser.
👍️0
tw0122 tw0122 1 month ago
Israel strikes Iran with a missile, U.S. officials say, as Tehran downplays Netanyahu's apparent retaliation - CBS News
38 minutes ago - Iranians did report hearing the ... explosions were heard in Isfahan and elsewhere in the country, and U.S. officials said Israel had struck Iran with a missile, April 19, 2024....
👍️0
rouge Vaughn rouge Vaughn 1 month ago
and this is why you dont make a habit of speaking on things you do not know about or understand
today is premarket it passed 47 and will continue to climb as conflict in the middle east just got way more serious
nice try tho maybe next time
👍️0
tw0122 tw0122 1 month ago
Middle East conflict
👍️0
harry crumb harry crumb 1 month ago
.25 sounds about right again
👍️0
GhosTraderX GhosTraderX 1 month ago
Bought in on this late afternoon Dip...

GhosT
👍️0
Hercules1 Hercules1 1 month ago
Agreed.

This should bounce back today.

👍️0
halbroke1 halbroke1 1 month ago
TPET $$$ SHOULD BE TRADING AT $1.00+ ALREADY..HUGE BOUNCE IMMINENT
👍️0
Hercules1 Hercules1 1 month ago
correction/retracement done.

added a ton more.

huge potential here.
👍️0
TrendTrade2016 TrendTrade2016 1 month ago
LMAO...DOING A GREAT JOB AS USUAL
👍️0
Hercules1 Hercules1 1 month ago
https://oilprice.com/Energy/Energy-General/Hedge-Funds-Dump-US-Energy-Stocks-to-Buy-Crude-Options.html
👍️0
FACT-MASTER FACT-MASTER 1 month ago
No, incorrect. need 50 million in assets and revenue in addition to that last clause.

Section 1002 spells out the continual listing requirements.
👍️0
FACT-MASTER FACT-MASTER 1 month ago
I'll admit that the article i posted, supported the argument for the $1 mark as the requirement for maintaining the NYSE listing, however, did a deeper dive and here is what might be more relevant requirements:

1. In TPET's March 1/24 notice of deficiency they quote Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”)

Click on Part 10

https://nyseamerican.wolterskluwer.cloud/company-guide

With particular attention to:
Section 1002 POLICIES WITH RESPECT TO CONTINUED LISTING
Sec. 1003. APPLICATION OF POLICIES

No where is it stated that the minimum price needs to be $1, appears that the criteria is more related to market cap., shareholder equity, # of shareholders, etc.

From Section 1003 :

"However, the Exchange will not normally consider suspending dealings in, or removing from the list, the securities of an issuer which is below any of standards (i) through (iii) above if the issuer is in compliance with the following:

Total value of market capitalization* of at least $50,000,000; or total assets and revenue of $50,000,000 each in its last fiscal year, or in two of its last three fiscal years; and

The issuer has at least 1,100,000 shares publicly held, a market value of publicly held shares of at least $15,000,000 and 400 round lot shareholders.

All of the above suggests that stock trading price thresh holds could be variable, and in more relation to market cap.

It may very well be that TPET is in compliance now, notwithstanding the time element of maintaining the compliant requirements.

ie: today's closing market cap = 18 million
👍️0
javier1973 javier1973 1 month ago
No
👍️0
Hercules1 Hercules1 1 month ago
Accumulation continues:

Oil prices are rising.

Middle East conflict will expand and escalate.

👍️0
1hot toddy 1hot toddy 1 month ago
15 mil buys 15 mil sells. alot of big buys $$$$$$$$
👍️0
1hot toddy 1hot toddy 1 month ago
you cant go up 6x without a pullback $$$$$$$$$$6
👍️0
Hercules1 Hercules1 1 month ago
https://oilprice.com/Energy/Energy-General/China-Raises-Gasoline-and-Diesel-Prices-amid-Soaring-Crude-Oil-Prices.html
👍️0
Hercules1 Hercules1 1 month ago
it is being shorted nonstop.

but the stock is holding up quite well.

shorts will have to start covering at some point.

this will be trading above $1 soon.
👍️0
1hot toddy 1hot toddy 1 month ago
same thing as yesterday. down in am up end day for 20/40% gains plus
👍️ 1
1hot toddy 1hot toddy 1 month ago
same number buys vs sells $$$$$$$$$$$$$$$ huge buys 6
👍️0
Hercules1 Hercules1 1 month ago
Oil will hit $150 this year.

This will hit $2-$3 at some point.

They have well that are producing.
👍️0
1hot toddy 1hot toddy 1 month ago
47000 SHARE BUY. THEY DID SAME THING YESTERDAY. DOWN IN PRE MARKET UP AT CLOSE $$$$$$$$$$$3
👍️0
1hot toddy 1hot toddy 1 month ago
well it looks like he was wrong unless thats not current
👍️0
1hot toddy 1hot toddy 1 month ago
i was told by ceo of lode that on nyse its 30 cents
👍️0
da_stock_analyst da_stock_analyst 1 month ago
#TPET 🔥 $1 possible? Oil sector! $tpet
👍️ 1
FACT-MASTER FACT-MASTER 1 month ago
Looks like we are well on the way back to the NYSE minimum listing requirement of $1.00
👍️ 1
FACT-MASTER FACT-MASTER 1 month ago
The information in the article in my previous post, coincides with information provided in TPET's press release of March 1/24 and timeline (approx. 6 months) to remedy the share price deficiency.


https://ih.advfn.com/stock-market/AMEX/trio-petroleum-TPET/stock-news/93404114/trio-petroleum-announces-notice-of-noncompliance-w

Trio Petroleum Corp (NYSE American: TPET) (“TPET”, “Trio” or the “Company”), a California-based oil and gas company, today announced that on February 26, 2024, it received a deficiency letter (the “Notice”) from the NYSE American LLC (the “NYSE American”) indicating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide (the “Company Guide”). Specifically, the Notice informed the Company that the NYSE American has determined that the shares of the Company's common stock have been selling for a low price per share for a substantial period of time, and pursuant to Section 1003(f)(v) of the Company Guide, the Company's continued listing is predicated on it demonstrating sustained price improvement by no later than August 26, 2024.
The Company intends to begin the operations in the McCool field, which we expect to be in operation soon, and then monitor the price of its common stock and consider available options, including conducting a reverse stock split, if its common stock does not trade at a consistent level likely to result in the Company regaining compliance by August 26, 2024. The Company’s receipt of the Notice does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission.
👍️0
FACT-MASTER FACT-MASTER 1 month ago
What is your basis for the .30 cent mark bringing TPET back into NYSE compliance?

From this article, it appears the minimum trading price is $1 for continual listing on the NYSE. ( that includes AMEX)

https://www.thestreet.com/dictionary/delisting-delisted#:~:text=A%20company%20can%20choose%20to,for%20failing%20to%20meet%20requirements.&text=The%20NYSE%2C%20shown%20here%2C%20may,regain%20compliance%20within%206%20months.

While not all publicly traded stocks trade on major stock exchanges like the NYSE and the Nasdaq, most major companies prefer to be listed on one of these exchanges, as they provide the crucial visibility and liquidity required for large-volume trading. In other words, it’s much easier for investors to buy a company’s stock if it’s listed on the NYSE or Nasdaq than if it trades “over the counter.”

To be listed on one of these prestigious exchanges, however, a company’s stock must meet a series of requirements, and the company must pay a listing fee. Additionally, once listed, a company’s stock must continue to meet a series of requirements on an ongoing basis or risk being delisted from its exchange.

What Is Delisting?
Delisting occurs when a stock that is listed and trades on a major exchange like the NYSE or Nasdaq stops being listed and traded on that exchange. In some cases, this occurs because the exchange forces a company to delist, while in other cases, the choice to delist comes from the company itself.


What Is Voluntary Delisting? How Does It Happen?
In some cases, a company may choose to delist from an exchange of its own accord. This can happen for several reasons. For instance, if a company’s management decides the costs of remaining listed on an exchange outweigh the benefits, they may delist to save money.

In other cases, a company that was once public may choose to delist in order to go private, as occurred with Twitter (now rebranded as X) in October of 2022 after Elon Musk’s acquisition of the company.

Often, voluntary delisting can occur as the result of a merger or acquisition. When two companies merge, they sometimes delist and reorganize and may or may not attempt to relist on an exchange once the reorganization is complete. In other cases, a private equity firm may purchase a publicly traded company then delist it so that its stock can be sold to private equity investors instead of the public.

What Is Mandatory Delisting?
In many cases, delisting is mandatory and occurs at the discretion of a stock exchange after a listed stock falls below listing requirements for a certain period of time and fails to become compliant with the exchange’s standards again by the end of a probationary period.


Nasdaq
The Nasdaq, for instance, requires listed companies to maintain a share price of at least $1.00, have a minimum of 400 unique shareholders, and maintain one or more of the following:

Shareholders’ equity of at least $10 million
Total assets and revenues of at least $50 million
Market cap of at least $50 million

NYSE
The New York Stock Exchange also requires listed companies to maintain a share price of at least $1.00 (although a company’s share price must be over $4.00 to be listed initially), a market cap of at least $15 million, and have at least 400 unique shareholders, among other criteria.

How Does Mandatory Delisting Work?
Typically, mandatory delisting occurs because a listed company fails to meet the minimum share price requirement. Often, this can occur if a company’s financial results have been disappointing for some time, and investors think a company may be headed toward bankruptcy. With investors trying to exit their positions, sellers outweigh buyers, causing a stock’s price to fall.


If a stock’s share price drops below $1.00 and remains below that level for 30 days, the exchange may notify the company that it is not in compliance with listing requirements and is at risk of being delisted. The company must respond to this notice and inform the exchange of its intention to regain compliance by the end of a probationary period.

This usually means achieving a share price of over $1.00 for 30+ days in a row within six months of the notice. If a company fails to respond to a delisting warning, or if it does respond but is unable to regain compliance by the end of the probationary period, it may be involuntarily delisted by the hosting exchange.

How Do Companies Avoid Being Delisted?
Often, companies that are at risk of being delisted due to a sub-$1.00 stock price perform reverse stock splits. This is an action that reduces the total number of shares outstanding and increases stock price accordingly such that its market cap is unchanged.

For instance, if a company with 100 million outstanding shares valued at $0.60 each performed a 4-for-1 reverse split, it would suddenly have only 25 million outstanding shares, each valued at $2.40. Each shareholder would have ¼ as many shares as they did before the split, and each share would be worth four times what it was before, so the value of each investor’s holdings would be unchanged.


With a share price over $1.00, the company would once again be in compliance with listing requirements, and its stock would be able to continue to trade on its host exchange so long as its stock price remained above the threshold.

What Happens to a Stock (& Its Investors) Once It Is Delisted?
When a stock is delisted for failing to meet requirements, it doesn’t just disappear. Instead, it begins to trade on the over-the-counter (OTC) market, which is a less-centralized network of stock dealers that facilitate transactions of stocks that aren’t listed on major exchanges (e.g., penny stocks).

If an investor owns a stock, but that stock gets delisted, they still own the stock, but its value is likely to decline significantly. Mandatory delisting is usually viewed as a sign of financial distress and can sometimes signal a forthcoming bankruptcy, which tends to decimate a stock’s value.

That being said, delisted stocks can continue to trade for years on the OTC market, but investors may have a harder time selling them, as the OTC market is characterized by wide bid-ask spreads and low trading volume. Institutional investors tend to avoid stocks that aren’t on major exchanges, which is part of why trading volume is so low on the OTC market.


For these reasons, most average investors would do better selling a stock before it gets delisted than after.
👍️0
Hercules1 Hercules1 1 month ago
Israel is preparing to respond.

TPET can do 200 percent from these current levels.
👍️0
Hercules1 Hercules1 1 month ago
Break .70 and it is game on.

Possible $1 break today.
👍️0
Hercules1 Hercules1 1 month ago
Smart buyer.

This will rocket to $2 next week.
👍️0
1hot toddy 1hot toddy 1 month ago
WOOOW 47000 SHARE BUY @.62
👍️0
Hercules1 Hercules1 1 month ago
This is breaking $1 very quickly.

👍️0
Hercules1 Hercules1 1 month ago
Wow.

Awesome read.

Incredible DD.

No wonder this is becoming a highly respected oil company.

👍️0
1hot toddy 1hot toddy 1 month ago
yeterday we were #2 on our breakout board. funny we were #5 then i put some stuff up and 5 minutes later we were up to #2. now we r off our breakboard board. when we get over 70 cents. we will be back in top 10. $$$$$$$$$
👍️0
FACT-MASTER FACT-MASTER 1 month ago
TPET: Article of interest April 14/24

https://digitalcoinstandard.com/business/trio-petroleum-corp-nyse-american-tpet-strategic-movements-a-deep-dive-for-traders-and-investors/
👍️0
FACT-MASTER FACT-MASTER 1 month ago
New video - TPET CEO

👍️0

Your Recent History

Delayed Upgrade Clock