Why These Energy Stocks Are Losing This Week

5. Trio Petroleum Corp. (NYSEAMERICAN:TPET)

Share Price Decline Between Apr. 8 and Apr. 15: 11.94%

Trio Petroleum Corp. (NYSEAMERICAN:TPET) is an oil and gas exploration, development, and production company headquartered in Bakersfield, California.

The share price of Trio Petroleum Corp. (NYSEAMERICAN:TPET) slightly surged last week after the company announced that it had closed on certain petroleum and natural gas properties held by Novacor Exploration Ltd. in the prolific Saskatchewan heavy oil region. But the stock has fallen since then, probably as a result of the headwinds faced by the oil sector due to a projected decline in demand growth and falling crude prices.