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

To: Goose94 who wrote (60762)	7/10/2019 6:07:38 AM
From: Goose94	Read Replies (1) \| Respond to of 203019

Gran Tierra Energy (GTE-T) Canaccord Genuity analyst Jenny Xenos says the share price correction endured by Gran Tierra Energy on Wednesday following the disclosure of issues across its portfolio and subsequent production curtailment presents an opportunity for investors. Ms. Xenos continues to rate the shares "buy." She slashed her share target to $3.50 from $6. Analysts on average target the shares at $4.57. Ms. Xenos says in a note: "We believe the 'bad news' is priced in. The stock is down 24 per cent year-to-date, compared to average peer price depreciation of 2 per cent. GTE trades at 3.5 times 2019 estimated EV/DACF [enterprise value to debt-adjusted cash flow], below the peer average of 3.8 times. We believe the stock is pricing in 1P reserves only, needless to say the value of its significant resource, while the peer group is trading at 90 per cent 2P NAVs. ... We believe there is limited stock price downside and significant potential upside, should operational and other surface issues be resolved in the coming months, as we cautiously anticipate." She believes "significant additional upside is possible."