Gran Tierra Energy: Cheap Oil, Ramping Production [Seeking Alpha]
Gran Tierra Energy Inc. (GTE)
NASDAQ:AMEX Investor Relations:
grantierra.com/investor-relations.html
Company Research
Source: Seeking Alpha
The company is focused on oil and gas exploration and production in Colombia. Despite high royalties and political risks in Colombia, Gran Tierra remains profitable and has promising production growth potential. Shares are a buy with price target of $12. Investment Thesis Gran Tierr a Energy ( NYSE: GTE TSX: GTE:CA ) looks to be one of the cheapest oil stocks out there on the market, trading at close to 2x FWD earnings and at about half of book value. Despite some risk coming from Colombia, I believe the market has priced in all the downside making it very attractive for new investors. Given a promising oil market with stable prices, increasing production, and intense buybacks, I believe Gran Tierra is a buy. A Colombian Oil Business The company is " a company focused on oil and gas exploration and production with assets currently in Colombia and Ecuador Annual Report ). Its revenues comes from the production and sale of oil and market prices. As an exploration and produc
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GTE
News
- Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of StockholdersGlobeNewswire
- Gran Tierra Energy Inc. (AMEX:GTE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Gran Tierra Energy Inc. Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Gran Tierra Energy Inc. Announces First Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
GTE
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- GTE's page on the SEC website