$TPET - Trio Petroleum Corp O&G producer $TPET is undervalued and I've started accumulating a position. Key Points: - $17.5M MC ($.52 per share) - Zero Debt - $22M USD on Balance Sheet (Post ATM Raise) - ATM Raise <1M Shares Remaining to Sell - Each $TPET Share is Backed by $.56 of USD while Trading @ $.52 - 6M+ Shares (20%) of Float Shorted 👀 Their resources are massive but either need massive capital to scale (Utah Tar Sands) or have huge regulatory hurdles (California) Resources: - NPV10 of P2 Reserves @ $80 WTI is $500M - NPV10 of P3 Reserves @ $80 WTI is $2.54B Buying this based on the cash position alone and you are getting upside of billion dollar resources. The $19M ATM raise changed the entire outlook for $TPET by bolstering the balance sheet. Love the risk vs. reward at the current levels. Any good news or sustained upside for oil and the shorts will get squeezed here. Ideally this squeezes back to $1+, I'll sell half to completely derisk the positon. GL 📈