Concur, KEG's debt ratios are irrationally high. Another sad ending from the energy sector...
GTE can increase their production over 10% at a very good value by acquiring PTA.
Plus, they have all the resources to develop PTA's extensive acreage.
Gran Tierra’s Guidry Making Colombia Oil Deals His Top Priority
by Andrew Willis
May 26, 2015 — 10:17 PM EEST
Gran Tierra Energy Inc. is making Colombian oil deals the focus of its expansion this year as the company steers investment plans away from Peru and Brazil, Chief Executive Officer Gary Guidry said.
The Calgary-based explorer of South American oil expects to close deals in the Andean nation before year-end to increase output and reserves, said Guidry, who took over as CEO earlier this month. He’s considering potential joint ventures, takeovers and asset purchases.
Gran Tierra is “very interested” in assets that Colombia’s state-run Ecopetrol SA is selling and may diversify its portfolio to include heavy oil and natural gas blocks to take advantage of a strong balance sheet, he said.
“We are taking off the blinders,” Guidry said Tuesday in a telephone interview from Calgary. “Gran Tierra’s platform is well positioned to consolidate and grow in all of the basins in Colombia.”
Guidry was named president and CEO of Gran Tierra on May 8 as part of a shake-up led by Toronto-based hedge fund West Face Capital Inc., which owns about 9.8 percent of the company. Guidry’s drilling plan for Colombia will be announced in June, when shareholders hold a general meeting.
West Face, run by Greg Boland, blamed a decline in Gran Tierra’s value since the beginning of 2011 on “failed high-risk, high-cost” exploration in Peru, Argentina and Brazil.
The oil producer may sell or seek joint ventures for assets in Peru and Brazil to ensure capital is focused on Colombia, Guidry said.
The company produced a daily average of 24,015 barrels of oil equivalent in the first quarter of 2015, mainly light o
Shorters claimed that ECB will not increase ELA for Greek banks, but ECB increased it more than the last time. They show their trust to the Greek banks this way.
He's a newbie who believes that a stock can be manipulated by the Yahoo boards.
Not the first one, not the last.
There are signs of positive developments in the negotiations between Greece and creditors’ representatives that started again yesterday in Paris.
The Greek government’s aim to achieve a primary surplus of 1.2% in 2015 seems to be accepted by creditors. Furthermore, an emergency Euro Working Group (EWG) session via teleconference is scheduled for Wednesday in order to discuss the Greek issue. This is progress ahead of the April 24 Eurogroup, according to a source close to the Greek side.
In Saturday’s meeting the two sides discussed macroeconomics, fiscal projections and the primary surplus. The Greek side insisted on a 1.2% primary surplus, something that the other side seems willing to accept, or a number close to it in worst case scenario, according to the source.
In Sunday’s meeting the Brussels Group discussed labor law and social security issues.
The source told Greek television that the two sides were cooperative and convened with the common goal to find a middle ground in negotiations and come to an honest compromise that will benefit and satisfy both. He also expressed his optimism that there might be an agreement in the April 24 Eurogroup.
Sentiment: Strong Buy
European Union and Eurozone are two different things.
Calling other names does not help you.
Your ignorance is remarkable.
You technically shorted NBG and you ignore everything else.
You don't know even the different between EU = European Union and the Eurozone = the countries which have Euro as their official currency!!
Wow, such ignorance is really impressive..!!
"Investors" like you short NBG?? That's really a great contrarian indicator!
Sentiment: Strong Buy
There was no EU BEFORE Greece joined it, Greece is one of the founding members of Euro.
You speak too much without any knowledge.