Gran Tierra Energy Inc.GTE.TODON'T BUYFeb 03, 2021Stock price when the opinion was issued
As of Oct 26, 2026. Market Open.
This was brought to his attention by the same analyst that discovered Condor and Tenaz when they were unknown. It is selling assets in Columbia and Ecuador and will be debt free with a cash position. It can now focus on Clearwater which is the hottest trend, as well as applying modern Canadian exploration and drilling techniques to old Soviet wells and areas in Azerbaijan which they have done before. There is the potential of high impact there. Shareholders have approved the sales but there is some risk in that they have not yet received regulatory approval in Ecuador and Columbia. Buy 5 Hold 2 Sell 0
(Analysts’ price target is $17.03)Gran 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.
Small 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.