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Bullboard - Stock Discussion Forum
Gran Tierra Energy Ord Shs
T.GTE
Alternate Symbol(s):
GTE
Energy
Oil & Gas E&P
Gran Tierra Energy Inc. is an independent international energy company. The Company is focused on international oil and natural gas exploration and production with assets in Colombia and Ecuador. The Company has interests in approximately 22 blocks in Colombia, three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 99% of its...
production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company’s field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represents 52% of total company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, representing 25% and 14% respectively, of total company production.
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TSX:GTE - Post Discussion
Gran Tierra Energy Ord Shs
> Q1 Results
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•••
HurricaneAmanda
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Post by
HurricaneAmanda
on May 04, 2022 8:07am
Q1 Results
The company seems to be on track. Assuming crude oil prices remain strong, they should be in a much better debt position by the end of the year.
(319)
•••
downwithdotcom1
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Comment by
downwithdotcom1
on May 06, 2022 8:44pm
yes, maybe...where were you 5 years ago?? last of the dinosour management teams...spent a billion dollars..company has almost $800 mill in long term debt due to multiple financings meaning a bloated share count above 400 million ,all the while the stock went from $6 to 30 cents and only started recovering last year. SAME THING HAPPENED WITH THE US SHALE PRODUCERS..concentrated on raising
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