Canada markets open in 4 hours 56 minutes

Gran Tierra Energy Inc. (GTE)

NYSE American - NYSE American Delayed Price. Currency in USD
Add to watchlist
0.6291+0.0153 (+2.49%)
At close: 4:00PM EDT
0.6580 +0.03 (4.59%)
Pre-Market: 04:19AM EDT
Sign in to post a message.
  • C
    Cash
    I understand we all want movement in the share price. Money could be utilized in another sector instead of sitting but that’s the risk-reward beauty here. GTE earnings are coming soon. I feel excited for the opportunity yet worried about the risk. You need to diversify as always your investments. I for one am a little heavy here. I’m down and don’t really want to invest more here until the company can show me more progress. It may take next earnings or next year. I don’t have the answer to that question. I would like to thank everyone for their knowledge and sharing on the board from both opinions. There are good perspectives here. Whatever you do with your money I hope it’s to your liking and that you do well in your investments. At the current rate it doesn’t look as promising but that could easily change. If you believe in it…keep buying…if you don’t…maybe walk away for a few months. I’m personally to the point where I am just going to let it sit and find other avenues of investing to look towards until I can see some more upward movement. A lot of influence here from share holders, oil, Covid-19, riots in South America, etc etc etc. some good some bad. I can’t sell for a loss yet but I have to know when to keep fishing or when to cut bait or go have a sandwich. Good luck everyone.
  • b
    beam_me_up_pls
    "Oil prices are expected to remain elevated in the coming years as supplies stay tight because of lower investments...Shell's free cashflowsoared in the second quarter to $9.7 billion, its highest in a year."
    Like I have been saying, you can't cut 2 trillion in Capex in 20/21 without future higher oil prices.
    GTE is a long term play just like all the energy stocks. You just have way more upside with GTE than the others because they made much larger run ups. Patience will give you a huge payback once GMT has rebalanced. You wouldn't have a shot at this low share price if they hadn't had to liquidate position after the failed Tesla short. https://www.reuters.com/business/energy/wrapup-big-oil-back-boom-after-pandemic-bust-aiding-climate-push-2021-07-29/
    Europe's top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.
    Europe's top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.
    www.reuters.com
  • S
    Samuel
    Over a few decades of buying/selling stocks, I have been the victim of watching a stock I bought, sit there and do nothing ( or go down) then sell it out of frustration and then it right up! This has happened more times than I’d like to admit. But it has taught me patience. Over time I’ve learned that if the financial metrics of a company are improving then the share price will reflect that eventually. Gte share price is trading at the same price as when oil was below production costs, wells were shut in and production greatly reduced. In essence they were burning cash and not making $! We know that production is back up, oil prices are way high, the company is leaner and meaner and paying down debt. In the coming qtrs, the revenue and fundamentals continue to get better and better. The value of a share of gte will continue to grow. It will come, then we can all feel better about having the PATIENCE to see a great investment through to fruition. Glta longs!
  • S
    Samuel
    Just a little hypothetical day dreaming here…..production should be around 30,000 bbl per day. The pr’s guidance for rest of year was based on a conservative $69 oil (currently over 75 & rising) To offset gmt selling, it would be great for shareholders value to buy back shares especially at this low price per value. Yes, they still need to reduce debt but share buybacks would be a prudent use of excess capital at current prices. I would love to see something like that brought up in QR guidance!
  • B
    Bruno
    One last rant regarding the recent increase in C-19 cases, supposedly driven by the Delta variant: If you look at the new case graphs of Northern and Southern states going back to the beginning, two very different patterns appear due to differences in summer and winter temperatures. In the North, the new cases are concentrated during the long winter months when people are forced indoors due to low temperatures, from Nov through April. During the summer months, both in 2021 and 2022, new cases are low in the North due to people being outside more. In the South, the winter surge is much shorter (Nov through Feb), but there is an additional summer surge from June to August due to people being forced indoors due to high heat.

    Looking at the supposed Delta surge, it appears to be little more than the expected summer surge in the hotter states like CA, TX, GA and FL. Last year, those surges peaked at the end of July, and fell steadily through August and September. If the same pattern holds this year, then it doesn't represent a new danger to us as the media is pushing.
  • b
    beam_me_up_pls
    "OIL MARKET: A tidbit from Valero's 2Q conf call. It expects a significant drop in US gasoline imports, which combined with robust demand, should lead to inventory draws (the US imported recently the most gasoline in 10 years, chart white line, 4-week average in yellow)"
    Going to be some huge US draws coming with gasoline imports being cut back. You can can only put a bandaid on US pent up demand for so long. -Javier Blas W/Bloomberg
  • b
    beam_me_up_pls
    And Brent is over $75 again. Patience. Chevron and Exxon report tomorrow. Then the earnings parade in oil really begins.
  • S
    SayZero
    The shorts are slowly covering, and the mm's have plenty of shares to sell on the upside. The conference is having a nice impact along the price of oil. I would bet there will be a lot of push on the earnings as analyst and other people will glamour to get in the stock. The only variables out there are the b/s virus and the natives. I don't see much downside at this point, but anything could happen. It has bounced off its loads, and it is a good place to buy. I sold some because I wanted to move money elsewhere for another buy. If I thought the company was bad I would have sold all. We all get tired of the downtrend without any upward movement for days and I play on the upside than the downside. I find this company is the red headed step child of oil, doesn't make it bad, just frustrating at times to trade.
  • W
    Will
    Guess who's going to the Enercom oil and gas conference! GTE!
  • K
    Kevin
    What a gift $.56 after hour p/u. Another big draw down on oil. GS still very bullish on oil and 1st earnings coming up for GTE that will truly open up eyes. Even the GMT selling will not be able to hold this back. I may be wrong but my target was to accumulate as much as possible before 2nd quarter release. This is when I thought SP would start rising steadily and then mid to late fall we would see big rally to no less than $1.50-$2 range.
  • B
    Bruno
    Brent is staying fairly close to $75 per barrel, which isn't a bad sweet spot for us. Of course, $80-$100 looks tempting on paper (free money), but the concern is that $100 oil will cause a change in the supply dynamics. At $75, the American shale players are sitting tight along with the other domestic producers. Everyone is happy to rake in a decent profit and repair their balance sheets. At $100, I would be concerned that the market would become flooded again, triggering a potential price war with OPEC+. Smooth sailing is fine with me instead of rocket ships and crashes.
  • n
    neri
    Brent $76.1 perfect!!!! A matter of time for GTE to move up.
  • K
    Kevin
    Earnings date announcement below, should be the start of 👀 wide open to the story here. GLTA except shorts!

    Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE), announces that the Company will release its 2021 second quarter financial and operating results on Tuesday, August 3, 2021, after market close. A conference call to discuss the 2021 second quarter results will be held at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) the following day, Wednesday August 4
  • B
    Bruno
    We will have the earnings report in a few weeks, but if anyone is curious about the revenue for 2Q, here are the numbers based upon the hedges stated in their last CC and an average price for Brent of 68.30 in the 2nd qtr : (14,000 bpd x 51.45) + (1000 bpd x 50.40) + (8400 x 68.30) = $720,300 + $50,400 + $573,720 = $1,344,420 per day x 91 days = $122,342,220 revenue for the second quarter. For the 3rd quarter, assuming Brent stays at $75 per barrel and we restore production to 30K barrels per day, our revenue will be (3000 x $56.75 = $170, 250) + (4000 x $68 = $272,000) + (3000 x $70.21 = $210, 630) + (20,000 x $75 = $1,500,000) = $2,152,880 per day x 92 days = $198,064,960 revenue for the third quarter, which is almost $76M higher than the second quarter. I know it is tiresome to keep hearing "Just wait until next quarter", but our best days are ahead of us.
  • B
    Bill
    so close to earning, patience..Like the farmer says; when you think its time to cut the oats;
    stop & go fishing for 2 weeks & then cut er down.. thats patience IMO
  • P
    Phil
    Patience, Self Control, and Strong Stomach is key to making money in stocks!! GTE tests all of these, but will reward all of us longs very very soon!!
  • c
    charles
    buy buy buy
  • B
    Bruno
    Friendly warning to longs: 2Q results are going to be about the same as the 1Q. The loss of production of 1K bpd in 2Q will be offset by an $8 increase in the price of crude, making it about a wash. All of our hopes rest on how the market reacts to the rosy guidance they are going to give. As I keep saying, we can't expect the market to pay a premium price for GTE until the money is in the bank at the end of 3Q, but let's hope for a little respect on Aug 4.
  • S
    SayZero
    Told you it would be a good day. The shorts don't want to go through earnings. Trust me.