#oil price

“Why did TPET go crazy today?” The real story behind a 70% one-day spike

If you had to pick the loudest small-cap energy name in the U.S. market right now, it’d be hard not to mention TPET. We’re talking more than a 70% jump in a single day, a 160%+ spike just before that, all while the company is tweaking its ATM equity offering size and lining up initial output of around 30–40 barrels from its Alberta wells. In this post, I’ll walk through why it’s moving like this, where the story ends, and where the real risk begins.