TP TPET Trio Petroleum Corp. Loading... : Bullish and Bearish Analyst Opinions

The author highlights Trio Petroleum as a low-float nanocap oiler with only 5.32M shares outstanding post a 1-for-9 reverse split, $24.3M cash and $23.5M working capital as of July 31, 2026, and no notes payable reported, alongside $65M of remaining ATM capacity. The bull mechanism is optionality on large undeveloped resources: 9,300 acres at South Salinas in California with 47 MMBOE probable and 129 MMBOE possible undeveloped reserves, plus the Utah P.R. Spring project citing 6.75B barrels OOIP and potential for up to 50,000 BOPD at full development. The author explicitly warns the company is loss-making (9M FY2026 revenue ~$679K, net loss ~$4.25M) and calls the idea highly speculative, noting he holds a position for swing trading.