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Gran Tierra Energy Inc. (GTE)

NYSE American - NYSE American Delayed Price. Currency in USD
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1.2700+0.0200 (+1.60%)
At close: 04:00PM EDT
1.2300 -0.04 (-3.15%)
After hours: 07:59PM EDT

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  • M
    Michael
    I’ve decided to sell my shares once the SP hits $1.30. A few reasons for my decision: 1. Management is way overpaid and I worry they are going to funnel share buy backs back to management. 2. Geopolitical risks. 3. My other oil investments are just out performing this stock. With real dividends/buybacks and overall stock growth. In my opinion, management is the biggest issue for lack of SP growth.

    I’ll still follow the stock and wish the longs all the best.
  • B
    BANKS
    There’s a time to pay dividends and a time to increase the size of your productivity. The question is do you think it’s better to pay a .02 or.03 cent dividend or grow your production by 3 or 4 times when the market is hot
  • E
    Ed
    Checked out PE ratios on companies today. These are 12 of the largest US producers. GTE ranks 13th of the 14 listed in PE ratio. Only 2 are over 10 and only 4 over 8. As of now, GTE is 5.00, XOM 10.2, CVX 7.89, MRO 5.67, PSX 7.49, COP 8.28, OXY 6.46, VLO 6.58, EOG 11.65, PBF 2.86, PXD 9.35, DK 6.94, DVN 8.17, SHEL 5.71, Royal Dutch Shell is obviously not a US producer but I threw them in because they have been a big dollar company but currently only at 5.71 PE. Operating in Columbia hurts but not as bad as some think.
  • B
    Bill
    Last time a few folks announced they were leaving the share price exploded, wouldn't it be nice to see a correlation again! In all seriousness I can respect their decision due to the way oil has been trading recently it's going to gain or lose 10% once it's mind is made up. Personally Europe's natural gas prices seal the deal for turbine conversions, add in China and demand will be robust in the coming months. On the supply side I still see share buybacks over anything more than 5% targeted growth so best of luck to the fellow longs.
  • B
    Bob
    Brent about to go over $100 again
  • J
    James
    GTE's share price performance compared to other oil companies....
  • b
    beam_me_up_pls
    "Judge revives Obama-era ban on coal sales from US lands"
    (note I am posting on the weekend and yes it is a cut & paste)
    https://apnews.com/article/donald-trump-barack-obama-rising-sea-levels-billings-bb02e2fc9753d5bfd71533b963039868
  • b
    beam_me_up_pls
    "Goldman Sees $5 Gasoline, $130 Brent By Year End"
    With SPR dumps ending and the current energy crisis it is very probable.
    https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sees-5-Gasoline-130-Brent-By-Year-End.html
  • J
    James
    Wow, down hard after hours! 😆🤣 To the moon!
  • G
    G.Growl
    Googling the news to see why the pullback after a good report. Actually broke yesterday and never saw the news.
    Less than 24 hours after taking his presidential oath, the new president presented a tax reform plan to his nation’ s congress that will increase income taxes on wealthy individuals and place a 10% levy on oil exports.
    AP reported yesterday.

    Time for the CC and this is not news that should be left out of CC
  • b
    beam_me_up_pls
    "Energy crisis update: European natural gas (TTF) is trading at $359 / barrel of oil equivalent, a $259 / barrel spread vs Brent oil at $100 / barrel and a $309 / barrel equivalent spread vs US natural gas (HH)"
    Math and why the switching to oil in EU is underway before winter.
  • T
    Tim
    Don't forget Brandon is going to end the SPR release within a week of the midterms. He is not trying to solve the energy crisis. He is simply trying to hide it from the low information voters (Democrats).
    Be smart and accumulate as many shares as you can before November.
    And don't forget, buybacks are coming.
  • B
    Bill
    Phil, you are correct. Something is keeping this down but at sone point, it will take off or someone will come around and buy it. It should be at $3 now. I'll wait. lol
  • B
    BANKS
    Here’s my take on GTE future I’ve been trading for many many years and still love it but if you want a coffee you’ll still need some money. The price of gasoline will fall .04 -.06 cents per gallon in the very short run then the big turn around. Oil will head north of $110. - 120. Per barrel how high depends on Russia and OPEC. GTE has a bright future
  • R
    Roch
    Institutional ownership now up to 32%
  • b
    beam_me_up_pls
    "Bureau of Land Management to pause oil, gas leasing on 2.2 million acres in Colorado"
    And they keep saying that no effort is underway to "hamper" US production.
    https://www.reuters.com/legal/government/blm-pause-oil-gas-leasing-22-million-acres-colorado-2022-08-13/
  • S
    Silky
    I’m out of 2,500 @ 1.24 breakeven. That should tell you something…especially when I have 100s of thousands I could invest. I don’t trust this oil stock right now
  • J
    James
    Wow, down big after hours. I wonder what is going on? 🤔
  • B
    Bruno
    I was able to calculate the production numbers per month from the information released by GTE. Here are the revenue numbers for Q2:

    April: Brent = $106.27, leaving about $91 after the discount. Then revenue = (5000 x 30 x $91.00) + (3000 x 30 x $80.41) + (21,745 x 30 x $91.00) - (1000 x 30 x $4) = $80,130,750. Royalties = (29,745 x 30 x 91.00) x .20 = $16,240,770, leaving $63,889,980.

    May: Brent = $112.39, leaving about $97 after the discount. Then revenue = (5000 x 31 x $91.28) + (3000 x 31 x $80.41) + (22,840 x 31 x $97) - (1000 x 31 x $4) = $90,182,410. Royalties = (30,840 x 31 x $97.00) x .20 = $18,547,176, leaving $71,635,234.

    June: Brent = $117.37, leaving about $102 after the discount. Then revenue = (5000 x 30 x $91.28) + (3000 x 30 x $80.41) + (23,227 x 30 x $102.00) - (1000 x 30 x $4) = $91,883,520. Royalties = (31,227 x 30 x $102.00) x .20 = $19,110,924, leaving $72,772,596.

    For Q2: Brent = $112.01 and total revenue after the discount and royalties = $208,297,810. This is nearly
    $34M higher than Q1 before taxes, or about $20M more after taxes.
  • b
    beam_me_up_pls
    "Analyst: Oil To Hit $120 Again By Winter"
    Yep, GTE is still way undervalue.
    https://oilprice.com/Latest-Energy-News/World-News/Analyst-Oil-To-Hit-120-Again-By-Winter.html