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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (56158)	3/28/2019 8:00:19 PM
From: Goose94	Read Replies (1) \| Respond to of 202860

Gran Tierra Energy (GTE-T) top pick from Josef Schachter on BNN.ca Market Call Thirst-day March 28th @ 1200ET Gran Tierra is focused on production in basins in Colombia and recently added complimentary acreage in Ecuador that has great potential. Production in the fourth quarter was 38,156 barrels per day (100 per cent oil) and the stock has a market capitalization of over $1 billion. Cash flow in 2018 was US$306 million versus a spend of US$330 million. In 2019, they should drill 26 to 30 development wells and six to eight exploration wells, with spending including acquisitions of US$440 million. We look for Gran Tierra to exit 2019 with production in excess of 43,000 barrels per day. The stock is trading at the lowest valuation we have seen in our lengthy coverage of the company. Our one-year target is $5.50 per share and our bull-market-peak target into 2023 is $12 per share.