Upcoming Q3 Report I've been reviewing Gran Tierra's Q3 results including their share buyback authorization. While their debt level is a bit high for me, they do seem undervalued. They appear to be using their FCF in the right way; trying to increase shareholder value ie increase their sp.
These Colombian E&Ps have a hard time gaining the market's respect. So they are left to do what they can to increase shareholder value. Dividends, buybacks, debt reduction, impactful cap ex, etc
Yet, FEC is so much more than a Colombian E&P. 43k boe/d, a really valuable port, pipeline and Guyana.
I expect a good Q3 and hope we get a good idea on what the vision is going forward. Dividends, buybacks, debt reduction? Lastly, please give us the plan and clarity for Guyana. At a minimum, loyal FEC shareholders deserve at least that.
Glta and all is imo.