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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 maldwynon Jan 14, 2022 9:58am
253 Views
Post# 34316436

It just isn't that cheap

It just isn't that cheapThe reason GTE lags other oil names is that relaitive to other oil producers it just isn't that cheap. They have a crushing debt load that will take them years to get out from under, even at elevated oil prices. As a long term holder I feel stuck with it, but only an oil super-cycle will make this one pay out. Between its relatively rich valuation, its history of operational problems and the continuing political risks there are no reasons to buy this over other small cap oils.
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