Post by
monte8 on Feb 20, 2024 10:05am
Re. Press Release
Loss quarter after quarter after quarter! Production and exploration spending are too high and very little BOPD increase to offset spending for it. The share buyback has been running now for the last 2-years and has not shown value to shareholders as the shareprice is stuck between around $7.00 and $9.00 on the top end and less than 50% of the 52 week high. This is a lie that this is providing shareholder value!! All this while oil prices holding modrately.
By comparison, other similar oil companies are at their alltime highs and issuing dividens.
I don't believe Guidry intends for Gran Tierra to be profitable, I think he has other interests with other group(s) to take GTE private! Guidry, remember your fiduciary duty!