RE:RE: Gran Tierra Energy to Acquire i3 Energy plcTHIS OFFER IS ALSO A STEAL FOR GTE
Odd-ball comparisons but relevant none-the-less:
TAL prodn ~18,000 to 20,000bpd ITE prodn ~ 18,000 bpd
TAL has sovereign, both political and social rsk, plus significant transportation risks
ITE has no sovereign risk
ITE has 0ver 900 drilling locations TAL????
Both pay a dividend...TAL more generous
Okay, so a little bit apples and oranges but why the significant lack in value with
TAL Market cap $650MM non-takeover ITE Market cap ~$300MM at offer terms