Gran Tierra Energy (GTE): An updated Net Income & Cash Flow Forecast Model has been posted under the Watch List Tab.
Debt Free + tons of exploration upside. My Fair Value Estimate is $9.65, compared to First Call's Price Target is $8.66. HEAVILY WEIGHTED to Brent crude oil prices.
Now that Moqueta Field exploitation is approved, production should ramp up in 2015 from 19,637 boepd (99% crude oil) in Q3 to ~22,500 boepd in 2015.
It looks like they have a HUGE oil field discovery in Peru, but we won't now for sure until 2016.
This one is for those of you with a long-term investment horizon.
GTE
Re: GTE
Summary
•Gran Tierra Energy is a Canadian E&P with production and assets primarily in Columbia and Peru.
•The company has 20,000+ bpd of production, is solidly profitable, has an excellent CFO, $360 million in cash, and no debt.
•The stock is down 40% from its high of $8+ set back into July. Some of the drop is justified, much of it is not.
•Gran Tierra offers an excellent risk/reward opportunity with 50%+ upside and limited downside.
Article: http://seekingalpha.com/article/2710045 ... e?uprof=22
GTE is in our Small-Cap Growth Portfolio. I have followed it closely for over five years. They have a HUGE oil discovery in Peru that is not priced in the stock.
•Gran Tierra Energy is a Canadian E&P with production and assets primarily in Columbia and Peru.
•The company has 20,000+ bpd of production, is solidly profitable, has an excellent CFO, $360 million in cash, and no debt.
•The stock is down 40% from its high of $8+ set back into July. Some of the drop is justified, much of it is not.
•Gran Tierra offers an excellent risk/reward opportunity with 50%+ upside and limited downside.
Article: http://seekingalpha.com/article/2710045 ... e?uprof=22
GTE is in our Small-Cap Growth Portfolio. I have followed it closely for over five years. They have a HUGE oil discovery in Peru that is not priced in the stock.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: GTE
Bretana
GTE has a 100% working interest in Block 95 and is the operator. The Bretana Norte 95-2-1XD well encountered an excellent 53-foot net column of pay. A horizontal sidetrack had a natural flow rate of 3,095 bpd of 18.5 degree API oil.
Rig mobilization for the new Bretaña Sur appraisal well has begun and the well is expected to be drilled in December 2014. The well will gather additional reservoir data and is expected to further substantiate oil reserves in the field.
The company will also drill its first long-term test ("LTT") well during Q4. It expects the well to flow at 2,500 bpd (gross) and to be brought into production before year-end. Subject to front end engineering and design, the company expects to bring on production of 6,000 bpd by 2017, with a plateau of 20-40,000 bpd in the 2021 timeframe. GTE believes the reservoir structure has three additional exploration prospects.
An SEC compliant third party reserves study by GLJ Consultants reported Bretana 3P reserves potential at over 100 million barrels of oil
GTE has a 100% working interest in Block 95 and is the operator. The Bretana Norte 95-2-1XD well encountered an excellent 53-foot net column of pay. A horizontal sidetrack had a natural flow rate of 3,095 bpd of 18.5 degree API oil.
Rig mobilization for the new Bretaña Sur appraisal well has begun and the well is expected to be drilled in December 2014. The well will gather additional reservoir data and is expected to further substantiate oil reserves in the field.
The company will also drill its first long-term test ("LTT") well during Q4. It expects the well to flow at 2,500 bpd (gross) and to be brought into production before year-end. Subject to front end engineering and design, the company expects to bring on production of 6,000 bpd by 2017, with a plateau of 20-40,000 bpd in the 2021 timeframe. GTE believes the reservoir structure has three additional exploration prospects.
An SEC compliant third party reserves study by GLJ Consultants reported Bretana 3P reserves potential at over 100 million barrels of oil
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group