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(TPET) Is Losing This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2528209683","media":"Insider Monkey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2528209683?lang=en_us&edition=fundamental","pubTime":"2025-04-17 05:42","pubTimestamp":1744839731,"startTime":"0","endTime":"0","summary":"We recently published a list ofEnergy Stocks that are Losing This Week. In this article, we are going to take a look at where Trio Petroleum Corp.  stands against other energy stocks that are crashing this week.After an encouraging start to the year, the energy industry is now trailing just behind the general market. As of the writing of this piece, the overall energy sector has fallen by 8.31% since the beginning of 2025, against a decline of 8.04% by the wider market. The oil and gas industry has been hit particularly hard, sliding by 20.76% since the beginning of the year.A wide shot of oil rigs on a field, with the sun setting in the background.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/why-trio-petroleum-corp-tpet-214211561.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["TPET","BK4213","EIA"],"gpt_icon":0},{"id":"2526693835","title":"Trio Petroleum closed on certain properties held by Novacor","url":"https://stock-news.laohu8.com/highlight/detail?id=2526693835","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526693835?lang=en_us&edition=fundamental","pubTime":"2025-04-10 20:35","pubTimestamp":1744288537,"startTime":"0","endTime":"0","summary":"Trio Petroleum (TPET) announces that it has closed on certain petroleum and natural gas properties held by Novacor Exploration. 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More specifically, TPET closed on Novacor's TWP48 Assets which is expected to be shortly followed by the closing on Novacor’s TWP47 assets. These assets are in the prolific Lloydminster, Saskatchewan heavy oil region . This acquisition could strategically position the Company to expand its operations into one of North America’s most promising heavy oil basins, with upside potential for long term production and reserve growth. Since the Novacor assets are in the heavy oil area, they offer economic development and low operational costs. Market accessibility combined with a favorable regulatory process makes this area very attractive for continued and future development within these lands.Novacor's current lift cost stands at a competitiveCDN $10.00 per barrel. 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