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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 97% of its production with oil reserves and production 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 13% respectively, of total company production. It also has production base in Canada's hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea.


TSX:GTE - Post by User

Gran Tierra Energy Ord Shs
Bullboard Posts
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(2)
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Post by ModelT1on Nov 08, 2010 10:24am
482 Views
Post# 17673054

From TD Waterhouse today.......

From TD Waterhouse today.......Sorry, no link. Do your own DD.

Investment Conclusion

Gran Tierra’s Q3/10 results missed our expectations due to higher than anticipated operating costs and G&A.

However, we don’t believe this justifies any material changes to our estimate, and our C$8.00 target price is

unchanged.

With an implied return to target of 7%, we maintain our HOLD rating. However, with high impact exploration

drilling in Peru expected to start prior to year-end and ongoing exploration in Colombia, in our view Gran

Tierra has some of the largest near-term potential catalysts in our coverage, and we do recommend

accumulating on weakness.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities