GTE = "Screaming Buy"
Posted: Wed Nov 13, 2013 9:31 pm
During the 2013 Q3 earnings call CEO Dana Coffield made the statement "Gran Tierra Energy is in the midst of one of our most exciting years in terms of potential reserve and production growth."
I believe GTE is going to report a large increase in their proven and probable (2P) oil reserves at the end of this year. I also believe GTE will significantly increase production in 2014.
Accumulate on the dips.
Read this: http://seekingalpha.com/article/1835872 ... e_readmore
No doubt, there are risks operating in South American. However, I believe GTE's strong balance sheet, increasing free cash flows and HUGE oil reserves potential more than offset those risks.
I believe GTE is going to report a large increase in their proven and probable (2P) oil reserves at the end of this year. I also believe GTE will significantly increase production in 2014.
Accumulate on the dips.
Read this: http://seekingalpha.com/article/1835872 ... e_readmore
No doubt, there are risks operating in South American. However, I believe GTE's strong balance sheet, increasing free cash flows and HUGE oil reserves potential more than offset those risks.