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Gran Tierra Energy Ord Shs T.GTE

Alternate Symbol(s):  GTE

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

Post by downwithdotcom1on Feb 03, 2021 9:46pm
340 Views
Post# 32466931

Truly astonishing financial outlook at $58 US BRENT...

Truly astonishing financial outlook at $58 US BRENT...take a look at 2021 budget outlook -they have 3 price decks-base being $49 and the hi being $55 US BRENT. at this level, cashflow is supposed to be $190-210 mill and thats real US dollars-using $200 mill, and the current CDN exchange and then dividing by 366 mill share float, 2021 cashflow works out to 70 cents per share and i will remind everybody current BRENT is actually $58 USD.Thus, On paper GTE is currently trading at one times foward cashflow...WE DONT NEED REDDIT etc to be seling this story, i wonder if these retail trading platforms/chat sites have actuall hurt GTE's prospects shorter term. It also indicates to me what the market thinks of company management (sigh). Anyways, picked up another 10k shares at 80 cents -interesting times ahead if oil prices hold. comments ?? dwdc
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