Empire Petroleum Corp

The chart remains in a Stage 4 decline with persistent lower highs and lower lows under declining EMAs, anchoring a bearish medium-term bias. Short-term structure is sideways with price pulling back into the 9/20 EMA region, offering no immediate bearish entry signal, so execution is best deferred. Timing for defensive sell-side engagement will focus on minor rallies toward the EMAs.

• ↑Q2 revenue $29.5M, +26% QoQ on higher production and pricing
• ↑Targets 500 bpd by year-end and aims to double output to 4,000 bpd
• ↓Negative earnings yield and weak profitability raise valuation concerns