September low 4.85 leading into a rally to 8$ . Then falling to the first of November 5$ low leading to a run and pull back into yesterdays rally. HIGHER lows and lets hop higher highs.
France and the coalition will shut down the black market oil used to fund terrorism. The coalition should back France. ITS an attack on all civilization. (KERRY). They will go after bank accts , oil fields, and those who shelter them. GASTAR represented a generational buying opportunity for investors with an eye toward long-term value creation as the company traded gas for oil with their fields. The stock has done very well . This company is not only undervalued by many standard metrics, but is on the cusp of an ambitious increase of production, reserves, and wells being drilled. SOME like to blow smoke about the cheap Middle EAST oil don't understand the debt, borrowing and bonds they are floating to keep oil low. Their manipulation from high prices to now low pricing will destroy them. They are taking on debt like westerners and we will own them.
This company is in great financial health and growing. ITS a must buy. FRANCE is leading the way for now and the coalition is going to stop the black market oil that helps fund TERROR.
Gran Tierra Energy Inc. is an international oil and gas exploration and Production Company, headquartered in Calgary, Canada, incorporated in the United States, trading on the NYSE MKT Exchange (GTE) and the Toronto Stock Exchange (GTE), and operating in South America. The company has no debt, $150MM in cash, $150MM in an untapped credit facility, nice assets, very strong management (with a ton of successful experience), huge insider buying in the last month, a stated goal to both buyback shares (which only helps the share price) and purchase new, growth-oriented, income generating assets (which only helps the share price) etc. GTE is putting their cash flow and balance sheet to work as the market is low. The successful completion of the Acquisition Petroamerica is expected to be accretive to Gran Tierra's net asset value per share. Gran Tierra will remain debt free with pro forma working capital of $135 million to $210 million, depending on the form of consideration elected by Petroamerica shareholders. Acquiring know good assets cheap will help GTE in the short and long term. Significant opportunity to realize synergistic cost savings through a reduction in general & administrative expenses and tax planning opportunities; Our balance sheet and financial strength allow us to execute on our growth strategy in a low oil price environment, tremendous fit " said Guidry. Gran Tierra Energy holds interests in producing and prospective properties in Colombia, , Argentina, Peru and Brazil. * Company maintains strong balance sheet with cash .The Company's cash balance reflects $74.0 million of capital expenditures in the first quarter of 2015 that were incurred largely as a result of pre-committed costs associated with legacy projects and decisions made before the senior management and strategy changes. -- Gran Tierra continues to be in a good position, with cash balances reflecting expenditures that were pre-committed prior to this strategic shift. With these legacy commitments largely behind Gran Tierra and the cost reductions announced earlier this year, the Company has significantly improved its capital efficiency and continues to review opportunities for additional cost savings. Gran Tierra is confident that the actions it has taken better position the Company for growth and value creation despite what continues to be a challenging lower oil price environment. ---Tierra Energy is one of the most successful independent oil and gas companies to have entered Colombia. Average production has grown from approximately 368 barrels of oil per day NAR in 2006 to approximately 24,000 barrels of oil per day gross or 18,000 barrels of oil per day NAR in 2014. Gran Tierra Energy holds an interest in 23 Blocks in Colombia. Gran Tierra Energy is the largest producer, the largest reserve holder and the largest exploration landholder in the Putumayo Basin of southern Colombia. $$$$ Gran Tierra Energy had equivalents and no debt at the end of the third quarter 2014. Based on current oil prices, Gran Tierra Energy expects the 2015 work program and budget to be funded from cash flows from operations, cash on hand and periodic draws on our credit facility if needed.
“As uncertainty in oil price continues, Gran Tierra Energy remains operationally and financially flexible to adapt to the changing environment while continuing to grow production and continuing to explore for new reserves.
SHALE industry will survive and Middle East has no control of that. It’s a lose , lose for them giving oil away. Shale can shut down and start fairly easily. Their economy is borrowing and floating bonds . Social unrest and chaotic challenges will destroy their administrations. We are really in the first rebalancing of what you might call the shale era. The single biggest factor of getting us from $100 oil to $50 oil really is shale and technology. Producers are bringing the cost down to levels at the pump not seen for some time for the holidays and winter.
He continued, "Shale muscled into the middle of the cost curve, around say the $30-$40 to $70 kind of cost level. Say goodbye to 100$ oil and hello to 60$ and 70$ oil that cost 30 and 50$ to get. Many think the barrel will go up about 5 dollars a barrel for the next several years. • The IEA’s newest projections call for $80/bbl oil by 2020.
• The agency projects that emerging markets will drive global oil demand to 103.5 million bpd by 2040.
• The IEA projects that oil investment cuts will spill over into 2016
The world will crack down on Black Market oil. This has been one way to fund terrorism . GO FRANCE GO!!!!!!!!! The world is uniting behind FRANCE! Its about time to kick in the whole coalition OBAMA MADE and rally FRANCE!
EAGLE FORD shale is a treasure. Despite the rig count falling down to 72 active rigs deployed in the field, the Eagle Ford remains the No. 1 shale basin in terms of new well oil production per rig. New figures from the U.S Energy Information Administration released on Nov. 9 confirm that production from new oil wells in the vast shale region just south of San Antonio is currently yielding an average of 795 barrels per day. Those figures put the Eagle Ford ahead of both the Bakken in the Dakotas and the Niobara shale in Colorado in terms of new well oil production per rig. What if we have oil prices back up to the $70 or cost come down to make 50 $ oil as profitable as 100 dollar oil just years ago…. Sanchez has hedged a significant portion of its 2016 oil production at $70, reducing both risk and its ability to reach cash flow breakeven in 2016. ?! In recent decades, developed nations have spent hundreds of billions of government dollars trying, and failing, to invent a cost-effective replacement for petroleum. Yet without taxpayer largesse, American entrepreneurs invented a new method to extract astounding quantities of oil from rock, upending the global hydrocarbon trade in the process. New technologies are extracting oil much cheaper. CUTTING FUNDING FOR ISIS is going to take the black market oil from ISIS ….
Like ISIS owns banks , countries, states? This tRUMP is an IDIOT!!!!!!!!!!!!!!!!! Why does he bother speaking!!!!!!!!!!!!!! He would shut down the middle east and cause a world depression the first day on the job? He was on CNBC spewing his BIAS
why must he be that stupid? He has insulted everyone one time or another. OBAMA TOWERS over him in every category. He talks of superiority and arrogance with out even understanding the players and ideology. JUST like the other republicans that would have blown every major economic decision this last decade. (((OH))))) they did. OBAMA was right on all of them..... OBAMA has a great record with or with out acknowledgement
tRUMP has never been on the right track. HE WANTS WAR on SYRIA ,LEBANON, IRAN,IRAQ, AGANASTAN and troops spread on every country that ISIS exist.... he cant be that stupid and can he even count??? DOES THAT fricken idiot ever think before he spews HATE and depleted moral fiber. He is to stupid to know the players in CHINA
HE IS an IDIOT...... TAKE out their accounts.... yes tRUMP don't even understand the players again. THE idiot thinks SYRIA and Banks only lend to ISIS?????? ISIS has their own state????? Whats all this state talk??? Their own territory? Government or even legitimacy? tRUMP is an idiot !!!!!!!! Why do we even talk about his stupid talk? EVEN BESH stated " this is not a war on Islam". tRUMP wants war for the sake of war. Why did he want to invade several countries and start several wars the last decade? He is to stupid to understand the coalition and why we are at war with terrorism and terrorist and not a legitimate government or state.
HOW come the GOP would have BKed the USA and got stimulus, Detroit, banking, tarp, DODD FRANK, immigration, POLICY, coalition, and about every decision the last decade wrong.......... THAK GOD for OBAMA
YOUR GOP hate and bias must make you the tRUMP created idiots you wanted to be, You turds don't even know the players. You idiots wanted to go it alone. You idiots wanted 5 wars the last 8 years. You idiots would have doubled the debt with 5 wars. You idiots are still looking for the birth certificates inflation and your way to mask you were wrong about the 5 last major economic decisions OBAMA got right. STIMULOUS
you mean that babbling idiot didn't want the coalition/ ya HE DONT NEED HELP BECAUSE HE IS rich..... wHATS ANOTHER bk COUNTRY. he KNOWS WHAT HE IS DOING , BUT NOT THE PLAYERS. WE SHOULD HAVE BKed AMERICA YEARS AGO ....... ALONE.
I would have started WWIII two years ago with out the worlds help. IS CNBC that stupid to air that babbling idiot. THEIR savoir has no clue on policy , not alone the world.
The middle east is embracing debt and the world of bonds. market finds equilibrium FRANCE and the world attack 1) rigs drilling for oil in the U.S. has dropped by 59 percent ……Bottom now or near.. ) The Middle East is crazed with market manipulation , and this is not an equilibrium. Shorts have not been investing but driving. Even GS is not that crazy to think it can stay below 40. ) OPEC assumes crude prices will rise by about $5 a year through 2020. ) There have been $323 billion in announced or proposed oil-and-gas mergers so far this year, billionares bet on oil, war and FRANCE ATTACTS!!!!!!!!!!!!!!!! ) NEW Technologies- the way oil is extracted from shale. I don't mean the fracking process itself, but how oil companies can build DUC wells and sit on them until the price of oil reaches profitable levels. Storage 0n/off pumps.