Triangle Energy (Global) (ASX:TEG) - Stock Price, News & Analysis

TEG Stock Overview

Engages in the exploration, development, and production of oil and gas properties in Australia and the United Kingdom. More details

TEG fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Negative shareholders equity

Makes less than USD$1m in revenue (A$0)

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (A$13M)

+ 1 more risk

Triangle Energy (Global) Limited Competitors

Australis Oil & Gas

ASX:ATS

AU$11.6m

Fitzroy River

ASX:FZR

AU$13.0m

Botala Energy

ASX:BTE

AU$12.0m

Blue Energy

ASX:BLU

AU$14.8m

Price History & Performance

Summary of all time highs, changes and price drops for Triangle Energy (Global)
Historical stock prices
Current Share Price	AU$0.006
52 Week High	AU$0.03
52 Week Low	AU$0.003
Beta	0.53
11 Month Change	-14.29%
3 Month Change	20.00%
1 Year Change	-72.73%
33 Year Change	-60.00%
5 Year Change	-88.24%
Change since IPO	-99.33%

Recent updates

A Piece Of The Puzzle Missing From Triangle Energy (Global) Limited's (ASX:TEG) Share Price

Jul 03

Shareholder Returns

	TEG	AU Oil and Gas	AU Market
7D	-14.3%	-1.8%	-0.3%
1Y	-72.7%	-15.6%	18.4%

Return vs Industry: TEG underperformed the Australian Oil and Gas industry which returned -15.6% over the past year.

Return vs Market: TEG underperformed the Australian Market which returned 18.4% over the past year.

Price Volatility

Is TEG's price volatile compared to industry and market?
TEG volatility
TEG Average Weekly Movement	25.3%
Oil and Gas Industry Average Movement	11.3%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.2%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: TEG's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: TEG's weekly volatility has increased from 18% to 25% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Conrad Todd	triangleenergy.com.au

Triangle Energy (Global) Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Australia and the United Kingdom. It also produces and sells crude oil. Triangle Energy (Global) Limited is based in West Perth, Australia.

Triangle Energy (Global) Limited Fundamentals Summary

How do Triangle Energy (Global)'s earnings and revenue compare to its market cap?
TEG fundamental statistics
Market cap	AU$12.54m
Earnings (TTM)	-AU$2.21m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-5.7x

P/E Ratio

Is TEG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TEG income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$2.21m
Earnings	-AU$2.21m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0011
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did TEG perform over the long term?

See historical performance and comparison

TEG Stock Overview

Risk Analysis

Triangle Energy (Global) Limited Competitors

ASX:ATS

AU$11.6m

ASX:FZR

AU$13.0m

ASX:BTE

AU$12.0m

ASX:BLU

AU$14.8m

Price History & Performance

Recent News & Updates

Triangle Energy (Global) Limited, Annual General Meeting, Nov 14, 2024

New major risk - Negative shareholders equity

Triangle Energy (Global) Limited Appoints Geraldine Holland as Joint Company Secretary

New major risk - Revenue and earnings growth

New major risk - Share price stability

New Zealand Oil & Gas Limited, Triangle Energy (Global) Limited and Strike Energy Limited Provides Drilling Update Booth Well in L7 Permit Perth Basin

Recent updates

Triangle Energy (Global) Limited, Annual General Meeting, Nov 14, 2024

New major risk - Negative shareholders equity

Triangle Energy (Global) Limited Appoints Geraldine Holland as Joint Company Secretary

New major risk - Revenue and earnings growth

New major risk - Share price stability

New Zealand Oil & Gas Limited, Triangle Energy (Global) Limited and Strike Energy Limited Provides Drilling Update Booth Well in L7 Permit Perth Basin

Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin

First half 2024 earnings released: AU$0.004 loss per share (vs AU$0.009 profit in 1H 2023)

New minor risk - Profitability

Triangle Energy (Global) Limited, Annual General Meeting, Apr 04, 2024

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 5.06 million.

Triangle Energy (Global) Limited has filed a Follow-on Equity Offering in the amount of AUD 1.516749 million.

Triangle Energy (Global) Limited Identifies Significant Oil Exploration Potential in Its Perth Basin Acreage

MD & Director exercised options to buy AU$182k worth of stock.

Triangle Energy (Global) Limited, Annual General Meeting, Nov 22, 2023

Full year 2023 earnings released: EPS: AU$0.001 (vs AU$0.007 loss in FY 2022)

A Piece Of The Puzzle Missing From Triangle Energy (Global) Limited's (ASX:TEG) Share Price

First half 2023 earnings released: EPS: AU$0.009 (vs AU$0.001 loss in 1H 2022)

No independent directors

Triangle Energy (Global) Limited, Annual General Meeting, Nov 24, 2022

Triangle Energy (Global) Limited (ASX:TEG) completed the acquisition of Production License L7 (R1) and Exploration Permit EP 437 from Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd for AUD 1.1 million.

Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.007 loss in FY 2021)

Triangle Energy (Global) Limited (ASX:TEG) agreed to acquire Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd from Key Petroleum Limited (ASX:KEY) for AUD 1,1 Million.

Triangle Energy (Global) SHS to Be Deleted from OTC Equity

Triangle Energy (Global) Limited and Pilot Energy Limited Provide Update on Cliff Head Joint Venture

Triangle Energy (Global) Limited Announces Completion of Perth Basin Permit L7 - 3D Seismic Survey

Triangle Energy (Global) Limited Announces L7 Permit Seismic Survey Commences

No independent directors

Triangle Energy (Global) Limited Reviews and Reworked the Highly Prospective L7 Permit

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Less than half of directors are independent

Triangle Energy (Global) Limited Appoints Greg Hancock as Non-Executive Chairman of the Company

Triangle Energy (Global) Limited Board Appointments

Triangle Energy (Global) Limited Announces Resignation of Robert Towner as Chief Executive Officer

Full year 2021 earnings released: AU$0.007 loss per share (vs AU$0.011 loss in FY 2020)

Less than half of directors are independent

Triangle Energy (Global) Limited Provides Cliff Head Operations Update

Triangle Energy (Global) Limited Completes Review of the Prospects and Leads Portfolio Within the L7(R1) Licence (L7)

Triangle Energy (Global) Limited has completed a Follow-on Equity Offering in the amount of AUD 0.12 million.

Triangle Energy (Global) Limited announced that it expects to receive AUD 10 million in funding

Triangle Energy (Global) Limited (ASX:TEG) completed the acquisition of 78.75% stake in Offshore Perth Basin exploration permit WA-481-P from Pilot Energy Limited (ASX:PGY).

First half 2021 earnings released: AU$0.011 loss per share (vs AU$0.001 loss in 1H 2020)

Triangle Energy (Global) Limited Provides Cliff Head Resources, Well Planning and Farmout Update

Triangle Energy (Global) Limited (ASX:TEG) entered into a sale and purchase agreement to acquire unknown majority stake in Production Licence L7 (R1) and Exploration Permit EP 437 from Key Petroleum (Australia) Pty Ltd and Key Midwest Pty Ltd for AUD 0.6 million.

Triangle Energy (Global) Limited Announces Update in Relation to BP Kwinana Refinery

Triangle Energy (Global) Limited Announces CH-7 well Workover Complete and Production Resumes

Triangle Energy (Global) Limited Announces Production Resumes

Pilot Energy Limited and Triangle Energy (Global) Ltd Enters into a Joint Venture Agreement

Full year earnings released - AU$0.011 loss per share

Triangle Energy (Global) Limited announced that it has received AUD 2.2004 million in funding

Triangle Energy (Global) Limited announced that it expects to receive AUD 2.2004 million in funding