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

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Comment by cddon Mar 11, 2011 6:44pm

437 Views

Post# 18273944

RE: RE: RE: RE: RE: -S-O-L-D- $9.28

In my experience O&G companies are rarely valued on the basis of earnings - more often it is cash flow and/or NAV.
A sudden $3+ drop in share price (difference between the pre-NR price and your $6 target) - all other things being equal - would suggest that the market was valuing Peru at @ 3/4 of a billion dollars - I really can't see it.
But I guess markets are not always rational, and if you can get in at $6, it'd definitely be a good entry point.

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