Gran Tierra Energy Ord Shs T.GTE

Sorry, I’m out

[Bimmaxbro]

What got me into GTE was the insanely low PE at a time of surging oil prices. To this point they seem to be doing very well financially. But that is only part of their story. I'm leaving because of jurisdictional risk. There's others but check OILPRICE.COM for their articles on Columbia. New windfall taxes, cocaine wars, exploration licences, etc . These are material to the company and I haven't seen anycompany releases addressing these issues. Do your DD and good luck

[spacegimp]

Now projecting they will pay $130 million taxes for 2023 , so much for tax pools. They should cut way back on exploration as the tax regime is now as bad as Mexico it seems " Impact of Colombian Tax Reforms: After accounting for Colombia’s recently enacted tax reforms, Gran Tierra’s mid-point Base Case 2023 budget is expected to incur 2023 current taxes of approximately $110 to $130

[Frank007]

I gree. They should and I believe will cut caped in Columbia until the socialist realize they just cut off their revenue stream...lol.   Socialism is the best form of government until you run out of other peoples money ......