Mar. 25 at 12:36 AM
$TPET Honestly, the disconnect between the chart today and actual reality is insane.
Chevron’s CEO was literally warning that the futures market is trading on "scant info" and completely underpricing the physical oil shortage. You even have Iranian officials on Twitter today mocking the paper markets, basically saying algos can't print actual fuel. The macro setup is a powder keg.
Then look at what they tried to do to
$TPET today. Bears spent all afternoon walking the price down on zero volume to test the 0.80 floor, and it held perfectly. Why? Because the chart is fake right now.
TPET is sitting on roughly
$19M in cash, zero debt, and the dilution threat to keep the lights on is basically dead. Oh, and the Alberta production expansion catalyst is March 31. That is next week.
They are just playing games to shake out weak hands before the catalyst hits. Don't let a low volume algorithmic bleed trick you out of your shares right before the news drops. Know what you hold.
$CVX $USO $EONR
