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Gran Tierra Energy Inc. (GTE)

NYSE American - NYSE American Delayed Price. Currency in USD
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0.5968+0.0238 (+4.15%)
At close: 4:00PM EDT
0.5997 0.00 (0.49%)
After hours: 07:58PM EDT
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  • C
    Clem
    I totally agree with many on this board that the future outlook for GTE is very positive with respect to production, earnings, free cash flow, & debt reduction. However, I'm also in full agreement with @LogCutter that Gary doesn't fully understand the value of timely & substantive PR in attracting and retaining investors. I first noticed this during the Columbia unrest in which they released a statement conveying that operations were being impacted; however, after the initial release all investors heard were crickets for 2 months. Bottom line, PR is very important because it indicates that management places value on ensuring investors remain informed, which in turn attracts new investors. IMO, GTE management has done a fantastic job of guiding the company through the worst downturn in energy sector history; however, IMO when it comes to PR their competence is severely lacking. GL & Trade Safe!!
  • B
    Bruno
    The irrationality of the stock market: At the beginning of this quarter, Gary Guidry announced that GTE was pumping 29,000 bopd at strong Brent prices. Almost nothing has changed since then, other than a possible increase in production due to new wells coming online. Yet, the share price of GTE has ranged from a low of .44 to a high of .80 in the third quarter.
  • T
    Tom
    every single year the natural decline rate of all the oil that is being pumped around the world is equal to the amount of Saudi Arabia produces so each and every year that much new production has to come online just to offset the natural decline of production and very little money has been going into this worldwide you soon start to get a very clear picture that oil has nowhere to go but up and the push to all the green energy actually uses more oil products to get it all out of the ground but they never tell you that we’re getting ready to rock ‘n’ roll this is dirt cheap.
  • S
    Samuel
    Despite Covid, global oil consumption is back to near record highs of just under 100 million bbl per day. OPEC struggling to meet commitment to raise production a paltry 400,000 bbl per day. Hurricane Ida has taken 1.5 m a day off production. Strategic reserves around the world are well below 5yr average and steadily dropping. Sky high nat gas prices are going to create more demand for oil. Oil majors just aren’t spending on exploration/ new drilling. Political forces and market manipulation is keeping oil down for now as it should be 100$ bbl right now! As the oil deficit continues to grow, this will correct itself soon enough. Be prepared for record high oil prices for a long time. IMO: this could be the plan to have higher gas prices to get consumers to purchase expensive EVs, oil companies to reap massive profits over a long period so that they can reinvest that $ into green energy business’ over next few decades. 20-30 years from now, the big oil companies will be the big energy companies. Many here ( myself included) want gte to pay down their debt. However, I would also b very interested to here about their investment in increasing production as in this environment, 40,000 bbl per day makes debt look like non issue. Back in 2013 they produced 38,000 bbl pd, oil was in 90s and the share price was over $7.00 !!!!!!!!!! Gary has a goal to get production to 40,000 pd by early 2022. Credit facility down by another 100 million by end of year. Hedges will be gone by end of year. The 5 yr investment plan in the accordinero field just starting to pay off. As these profits roll in I hope they invest heavily in production expansion as that will make this company more valuable than its ever been.
  • b
    beam_me_up_pls
    "Crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in transit by water and rail) in the week ending September 10, which is a 42% decrease since the beginning of the year. Crude oil inventories at Cushing are now 26% lower than normal, based on the previous five-year (2016–2020) average for that time of year."
    I will say it again, GTE and Oil under value. We are below the 5 average in storage and we have large production offline until 1st qtr 2022 in GOM because of Hurricane Ida. The API and EIA weekly rpts are going to show even more draws.

    https://www.eia.gov/todayinenergy/detail.php?id=49636&src=email#.YUneMoHDCSY.twitter
    Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government
    Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government
    www.eia.gov
  • t
    tim
    Recent Insider buys and total shares owned updates:

    Gary Guidry 9/20/21 Open mkt purchase $0.63 Shares purchased 6173 Shares owned 3,767,436
    9/2/21 Open mkt purchase $0.55 Shares purchased 7246

    Ryan Elison CFO 9/20/21 Open mkt purchase $0.63 Shares purchased 4373 Shares owned 513,161

    Derrick Trimble VP Inv Rel 9/20/21 Open mkt pur $0.63 Shares purchased 3087 Shares owned 252,366

    Jim Evans VP Corp Serv 9/20/21 Open mkt purchase $0.63 Shares purch 1930 Shares owned 317,721
  • n
    neri
    Why there’s no love for our great stock?? Sector is exploding and oil at it’s highest level but GTE gets no attention (volume too low).
  • b
    beam_me_up_pls
    "BREAKING: UK natural gas wholesale price has settled at 189.65 pence per therm, the highest ever closing price (we have a higher intra-day price last week, but this is the highest closing price). That's ~$26 per mBtu, or an eye-watering $150 per barrel of oil equivalent"
    Per Javier Blas - Chief Energy Correspondent at Bloomberg News
    Brent Oil is way under value and so is GTE.
  • C
    Clem
    Good chance we'll see $76+ Brent by end of week! Might happen today depending on fed speak...
  • a
    aras
    Major production losses in the states due to hurricanes. It has not materialized yet on the reserves but it will be when it does nothing holding us back. Not to mention even with the current prices we should be up to $3dollars per share.Where is the member we got 2,000,000 acres waiting to explore we own it
  • J
    Jotwice
    BTE is up 64% this past month. GTE is my next biggest holding and i fully expect to see a big jump soon. Oil for the win
  • M
    MichaelF
    I think we could see $80 oil by next week.
  • b
    beam_me_up_pls
    Winter is coming and so are high energy prices. Wind generation will be less and sun won't be shining as much. So that leaves fossil fuels.
    GTE is waaay under value. Brent oil is staying on the high side of the +70 budget projections. "Free cash flow"

    https://www.bloomberg.com/news/articles/2021-09-20/new-england-california-to-see-soaring-energy-costs-this-winter
    New England, California to See Soaring Energy Costs This Winter
    www.bloomberg.com
  • b
    beam_me_up_pls
    Evergrande is the word of the day. Markets will have some headwinds but China will bail them out one way or another. Going to get bumpy with some buying opportunities until a continuing resolution is passed to fund the government as well. GTE is way undervalue and the Q3 rpt will be good with Brent Oil holding above 70.
  • C
    Clem
    The recent energy sector downturn is a total joke, and those who stick it out will soon be very generously rewarded. Watch the rotation into the energy sector miraculously materialize after this broader market sell off. The fact is, even the green energy revolution will take a back seat to making $ for the vast majority of investment firms & managers. The future energy sector outlook is just to good to pass up, period!!! The risk of failing to make $ for your investors, worry, and greed are very powerful motivators.. 💲👍💲👍
  • L
    Log Cutter
    Consensus estimates are $0.03 per share for quarter 3 2021. I think we can beat that. Q4 is roughly double that. If GTE can show the profits I think it could reach a double $1.2 next year. They need to show they are beating estimates and beating them good for that to happen this year. Not saying it can’t happen but let me ask you this…..are you the only person in the oil sector to see this? There has been talk about GTE is drilling Wells and doing this and doing that and oil is this much….blah blah blah. There are more unknowns right now and if they don’t have a press release soon I’m going to go bonkers. Give me something other than 3 months of what if’s GTE and do your job by letting investors know where my money is at.
  • n
    neri
    Brent at $76!!!!!!
  • T
    Tom
    if you like energy and you’re looking for a speculative play but has I feel a really great reward ratio the company is called trillion energy go to YouTube and put it in and watch the videos this is a world class project of natural gas in the black sea off turkey it’s worth a look at because reward could be phenomenal and results should be within a short time frame i’m in for 10 grand a little casino money but a high probability.