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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 mercedesmanon Jan 14, 2022 2:38pm
161 Views
Post# 34318268

a lot of naysayers here...

a lot of naysayers here......as a contrarian, it tells me I'm on to something....

  • 27 consecutive insider buys...no sales (who's closest to it and why woudl they invest if the drivel on this site was true?)
  • rising oil price environment (more inflation to come)
  • in major pay-down mode, lots of cash flow to pay down its debt
  • a very good exploration budget in oil rich areas
  • bankers are now happy especially given significant ST debt redcutions in last 12 months
  • past disruptions/blockades appear to be behind it
  • Oil production way up from last year (bopd)
  • off the radar and undervalued (good potential leverage vs say a Suncor or mid-size).
  • not land-locked oil like many Cdn producers, garnering better world prices for oil


MM


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