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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

Comment by morselon May 03, 2021 3:28pm
218 Views
Post# 33115963

RE:gte

RE:gte In the midst of the crude collapse last spring, I'm sure GTE's bankers required them to secure some guaranteed income no matter what price.  Despite bad hedges, I'm interested to see if they continue to cut losses and  generate a positive balance sheet in Q1.  They have to do that before they become "very explosive".

Usually, the price rises coming into the Q news.  Not this time.  If the news is good tomorrow, perhaps a nice short squeeze is in order.  We have seen that a couple of times recently.
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