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

To: Goose94 who wrote (120653)	2/24/2022 3:16:10 PM
From: Goose94	Respond to of 203376

Gran Tierra Energy (GTE-T) intraday new 52 week high, $1.86

To: Goose94 who wrote (120653)	2/25/2022 10:24:58 AM
From: Goose94	Read Replies (2) \| Respond to of 203376

Gran Tierra Energy (GTE-T) Research Capital Buy $2.75 Oil Weighted Producer Riding High on Oil Prices GTE released its 2021 year-end financial and operational results which were largely in line with our forecasts. Production in Q4/21 averaged 29,493 bbl/d, an increase of 3.5% from the Q3/21 average of 28,493 bbl/d. Production in 2021 averaged 26,507 bbl/d, an increase of 17.2 % from the 2021 average of 22,624 bbl/d. Current corporate production has increased to approximately 30,000 bbl/d. Adjusted funds flow in Q4/21 of US$65.1 million ($0.18/fd share) was higher than our forecast of US$59.0 million ($0.16/fd share) due to a higher realized oil price. We are increasing our 2022 funds flow forecast to US$339.1 million (from US$319.8 million). Maintain BUY recommendation. Increasing target price to $2.75 (from $1.95) equivalent to a 4.5x multiple (was 4.0x) of our revised 2022 debt-adjusted cash flow forecast.