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


To: Goose94 who wrote (56976)4/19/2019 11:57:13 AM
From: Goose94Read Replies (1) | Respond to of 202866
 
Gran Tierra Energy (GTE-T) revisited top pick from Josef Schachter on BNN.ca Market Call Thirst-day Apr 18th @ 1200ET

Gran Tierra is a $1.3-billion-market-cap oil company focused in Colombia with production in the fourth quarter of 38,156 barrels per day (100 per cent oil). Cash flow in 2018 came in at US$0.80 per share or US$306million. The company is growing via development of new zones found in producing fields and via the drilling of high-impact exploration wells. Our forecast is for production to average 41,250 barrels per day in 2019 and for cash flow to be at US$342 million. Gran Tierra reports in U.S. funds and we look for them to have cash flow per share of more than US$0.85 in 2019.

Given the political and egress challenges in Canada, this company gives investors good diversification and access to the higher prices in U.S. dollars and international pricing. Our one-year target is C$5.50. Buy on any upcoming weakness.