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

To: Goose94 who wrote (72497)	1/25/2020 11:40:18 AM
From: Goose94	Read Replies (1) \| Respond to of 203330

Gran Tierra Energy (GTE-T) revisited top pick from Josef Schachter on BNN.ca Market Call Friday Jan 24th @ 1200ET Gran Tierra’s production in Q4/19 is estimated to have grown to 35,000 barrels per day, up from 32,918 in Q3/19. Our forecast for 2020 is for production of 37,000 b/d in their operating company in Colombia. Cash flow in 2020 is forecast at US$330 million or US$0.90 per share and capex at US$220 million. They will have funds to pay down debt and make meaningful purchases of stock under their normal course issuer bid. Capex in 2020 is to be spent on drilling 16 to 19 development wells and three to five exploration wells. Gran Tierra picked up two more blocks in the Putumayo basin in the recent bid round in the country. Book value is US$2.74 per share at the end of Q3/19. We plan to become shareholders when we see the next low-risk energy market “buy” signal. Insiders have been large buyers of the stock in recent months.