Post by
doggonemad on Jan 20, 2014 11:59am
Gran Tierra Energy
I still think something is brewing with GTE.
If it is not a sell then it is a working relationship with them in Brazil.
This is why I think:
- GTE enters Brazil in 2013
- April 2013, Jeff Scott, resigns from Tuscany Board (Jeff is the Chairman of the Board at GTE), due to potential conflicts of interest going forward
- in May GTE is awarded an additional 3 block in Brazil for a total of 7
- at year end 2013, GTE announces a capital spending program for 2014 of $467MM
- GTE is looking ot expand even more in Brazil
What do you guys think?
Comment by
Fullblast on Jan 20, 2014 1:03pm
I agree with you doggonemad. The relationship between the two companies is close. Something's cooking.
Comment by
perdikaoilgas on Jan 20, 2014 1:36pm
doggonemad, the most striking thing is how "blind" and "deaf" the investors can be nowadays. The most striking thing is that this denial is so deafening that the investors do not see the obvious. TID's performance is the absolute definition of the herd behavior.
Comment by
doggonemad on Jan 20, 2014 1:56pm
and this is why i think walter may sell the company quickly.
Comment by
justsomeguytrading on Jan 20, 2014 2:11pm
I wonder what price that may bring? The obvious benefit being the potential synergy in Columbia where there is a concentration of both rigs and capital spend. I am not familiar enought with the rental ecomonics to propose what a resonalble price would be to see some capital efficiencies by GTE that would validate a takeout. Anyone have any thoughts on this?