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

To: Goose94 who wrote (80456)	5/12/2020 12:07:31 PM
From: Goose94	Read Replies (1) \| Respond to of 203376

Gran Tierra Energy (GTE-T) Mackie Research Hold Target Price 50 cents GTE released its Q1/20 financial and operational results. With the collapse in oil prices, the Company has elected to defer the majority of its remaining 2020 capital expenditures and, with the uncertainty caused by the COVID-19 pandemic, the Company is not providing any fiscal or operational guidance at this time. With an uncertain outlook we are downgrading to a HOLD from a BUY recommendation and we are lowering our target price to $0.50 (from $2.00) equivalent to a 0.1x multiple (from 0.35x) of our Risked NAV estimate of $4.75/fd share.