Bullboard - Stock Discussion Forum Petrotal Corp PTALF

Primary Symbol: T.TAL

Energy Oil & Gas E&P

PetroTal Corp. is an oil and gas development and production company focused on the development of oil assets in Peru. The Company is engaged in the exploration, appraisal and development of oil and natural gas in Peru, South America. Its flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95. Through its two subsidiaries, the Company is engaged in the ongoing... see more

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Petrotal Corp > Petrotal Was the Only O&G Company Up Today

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Post by geezer21 on Feb 13, 2024 7:18pm

Petrotal Was the Only O&G Company Up Today

Out of 37 O&G companies I looked at there were only two that were up and one I would not count as it is a gas distribution company in Brazil.

In virtually all of them the candle stick had a lower wick indicating that after the panic sell off buyers came in to pick up on the bargins which started driving prices back up.

If there is to general market sell off tomorrow expect O&G prices to bounce back given the rise in the price of oil.

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Comment by geezer21 on Feb 13, 2024 9:28pm

Spelling correction: Out of 37 O&G companies I looked at there were only two that were up and one I would not count as it is a gas distribution company in Brazil. In virtually all of them the candle stick had a lower wick indicating that after the panic sell off buyers came in to pick up on the bargins which started driving prices back up. If there is no general market sell off ...more

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