Opinions Josef Schachter
Gran Tierra Energy Inc.GTE.TOBUY ON WEAKNESSApr 06, 2015
Josef SchachterStock price when the opinion was issued
As of Jun 10, 2026. Market Open.
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Josef SchachterSmall oil and gas producer operating in Colombia. His preferred play is Parex Resources. GTE is more aggressive and not as financially strong. Parex has no debt, in fact has cash. GTE production fell off a cliff last year. Higher beta. More leveraged to an oil recovery, if you think oil's going to $70-75, which he doesn't.
Josef Schachter
Josef SchachterJosef SchachterGran Tierra (GTE-T) vs Parex Resources (PXT-T). A tale of comparing two brothers. Both are in South America with Columbian core assets. Parex being a pure play vs Gran Tierra having ventured into Peru and Brazil and have exited these areas and now looking at Mexico and so forth. Prefers Parex as a South American play, very consistant. Gran Tierra has had its misteps, still has very good core Columbian assets.
He's out of the energy sector. It's one of the worst sectors due to an exodus of investors. He owns BP and a few smaller Canadian ones, like Cardinal.
Jamie Murray 
Has just gone through a major cost restructuring. They had very successful assets in Colombia. Doing 18,000 BOE’s a day. It got beat up in the latter half of the year. Assets in Brazil are not doing very well. Had a big asset in Peru that was supposed to be the breakthrough for them, but they had some wells that were not so good and it is heavy oil, so the economics are pretty tough. Any time this stock is under $3, it is a great buy. They are focusing mainly on Colombia now and are looking at using their balance sheet which has no debt but has about $1.50 in cash.