Opinions
Josef Schachter
Gran Tierra Energy
GTE-A
BUY
Dec 19, 2007
Owns 50% in Costayaco, which is doing 2200 BOE's. Expect it will average 3150 in 2008. Doing 2600 BOE’s. Has a play in Argentina doing about 500/600 BOE's with exploration upside. Also long-term warrant in Peru where they have millions of acres and which has had some major discoveries by the majors. Planning joint ventures.
$2.130
Stock price when the opinion was issued
oil
gas
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
TOP PICK
100% Colombian oil. There is tax loss selling potential on this one. They had a production hiccup in Q2. He has a one year target of $5.50. It could be a tax loss selling target. Management has a strong interest in the company. It is a really cheap stock. Buy during tax loss selling season. (Analysts’ price target is $3.60)
oil
gas
COMMENT
He prefers Parex as his South American play, because they're more consistent, staying in Colombia. GTE ventured into Brazil, Mexico and even Peru, and have now focussed on their core Colombian assets and returning capital to sharesholders with free cash flow. Also are doing more exploration to create opportunities. GTE is still recovering. Maybe they'll regain their magic this year.
oil
gas