Gran Tierra Energy Inc. (GTE.TO)

(A Top Pick July 28, 2017. Up 41%). The management team is great. They did 31,426 boe/day last year and should do 37000 this year. That’s a big increase for a sizable company. They’ve had success with both exploration and development drilling. His target is $5.50 plus for this year and $12 for next year. There is good upside and people should buy it any time it breaks below $4. The company will be drilling 19-21 development wells and 8-11 exploration wells. That’s a very high percentage of exploration wells. Initial results from the exploration wells have been very encouraging.

He likes this company, sees production growth, and thinks it trades cheap on a cash flow multiple basis. This stock has traded 2.2 times book value and if it trades below $2.75 CAD it would be a buy.

(A Top Pick Jan 9/17, Down 15.87%) Columbia. They did well on drilling. These stocks are very cheap. He may move it onto his action alert buy list any time.

He likes the company. Junior oils have lost interest with investors. He would watch it and buy it if it backs off.

(A Past Top Pick Jan 9/17, Down 25%) The pace of development is picking up. If you see it below $2.50 on tax loss selling it would be a tremendous buy. There is a lot of upside in Columbia.

They are out of favour. It is trading below proven reserves. The CEO has a large holding along with a major shareholder. He thinks it has a lot of upside and you could by it during tax loss selling. (Analysts’ target: $4.60).

(A Top Pick Jan 9/17. Down 22%.)

Under $3, this is very cheap. A Colombian oil producer. Produce just under 30,000 BOE’s a day. By the end of the year, it could be 35,000-38,000 BOE’s a day. Balance sheet is in very good shape. If you can buy it 10% below where it is today, he thinks it has an upside to $5.50 next year. (Analysts’ price target is $4.60.)

Columbia is not in the front of Centre news. Small-cap Canadian companies are not getting American attention. Management continues to buy stock. They are going to spin off Peru. They’ve sold Brazil. They’ve gotten out of Argentina. There looking potentially at Mexico. In the 1^st quarter they did just under 30,000 BOE’s a day. He is looking for them to do 35,000 average this year, and 38,000 BOE’s a day. Feels it is a table pounding buy under $3.

(A Top Pick April 22/16. Down 4%.) Has a $4.60 target. They are doing a large amount of high impact exploration. If they pull that off, the stock will probably get to the $4.60 target.

The downtrend is broken. This is an energy name he would suggest. The seasonal run may not happen on queue. He tends to be more on pure service plays, but would buy this one.

He has a $6 target. They have lots of exploration and development opportunities. A good balance sheet. Buy it under $3.50.

Recently added this to his portfolio. They brought in a new CEO, and have done a few acquisitions. 2016 is going to be a fairly transformative year for them. He likes the direction it is taking, and the assets they are buying. Likes the prospects going into 2017 and thinks there is considerable upside.

(Market Call Minute.) A name he would not own. They made a terrible acquisition and paid full value for an asset.

(A Top Pick April 22/16. Up 1.85%.) They made a big acquisition recently, which will provide them with lots of drilling opportunities. The balance sheet is really good. The downside might be down just below $3, but this is a name you want to own long-term. A Buy under $3.