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Gran Tierra Energy Inc. (GTE)

NYSE American - NYSE American Delayed Price. Currency in USD
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0.6800-0.0200 (-2.86%)
At close: 04:00PM EST
0.6740 -0.01 (-0.88%)
After hours: 07:22PM EST
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  • B
    Bill
    TGIF I would like to say " Thanks" to the "Long " investors who do all the good LEG work for us & don't get much credit. Sam, Bruno, JIM BEAM Me Up ,ha ha , other Bill, Clem & so many others..I am long & appreciate all their postings & good nature..THANK YOU ....
  • S
    SayZero
    he Organization of the Petroleum Exporting Countries (OPEC) is not sticking with the planned oil production increase in November under the OPEC+ deal.

    This comes despite the calls from US President Joe Biden to boost oil output.

    According to a Reuters survey published on Tuesday, the group’s crude oil production rose by 220,000 barrels per day, 13% short of the boost that OPEC should be providing.

    Under the OPEC+ deal reached earlier this year, 10 OPEC member-states are to boost their combined production by 254,000 barrels per day each month, while the bloc’s non-member allies, including Russia, are to contribute 146,000 barrels per day more. The total OPEC+ supply increase should reach a total of 400,000 barrels per day through next year, until oil production hits pre-Covid-19 pandemic figures.

    However, according to the survey, some OPEC members don’t have the capacity to produce more. While OPEC’s major producers Saudi Arabia and Iraq complied with their production boost quota in November, Angola, Gabon, and Equatorial Guinea failed to pump more oil. Angola’s output slumped by 50,000 barrels per day, with exports dropping to record lows, according to tanker schedules.

    OPEC+ is set to meet on Thursday to assess the market and decide on production levels for January, with analysts warning that the group could pause supply increases amid woes over the new Omicron Covid-variant effect on global oil demand. Also, experts say the recently announced strategic oil reserves release by the US and five other major oil consuming countries could force the group to cut production increases, as it could bring about a crude surplus early next year.

    Oil prices rose more than 3% ahead of the OPEC+ meeting, recouping some of the heavy losses earlier this week. Global benchmark Brent crude futures rose $3, or 4.4%, to above $72 a barrel at 09:00am GMT on Wednesday, while US West Texas Intermediate (WTI) rose $2.86, or 4.3%, to $69 a barrel.
  • b
    beam_me_up_pls
    "Colombia oil and gas auction gets 30 bids with estimated value of $148.5 mln" (compared to only 4 bids in 2020)
    GTE is waaaaay under value.
    https://www.reuters.com/article/colombia-oil/colombia-oil-and-gas-auction-gets-30-bids-with-estimated-value-of-148-5-mln-idUSL8N2SM42L
    Bullish
  • b
    beam_me_up_pls
    For the record, I still believe the rumor GTE will be bought out by Parex Resources before oil reaches $100. Both Colombia and Canadian. Selling Petrotal shares and paying off debt just makes that deal easier. Parex is sitting on a load of cash. Faster to buy GTE than drill and get 30k bopd just like that. Shared infrastructure and fields make it an easy fit. Biggest factor is GTE is waaaaaay under value.
    Bullish
  • b
    beam_me_up_pls
    "Bank of America is sticking to its $85-a-barrel forecast."
    GTE is waaaaay under value.
    Hope you bought the dip.
    https://www.rigzone.com/news/wire/bofa_still_bullish_on_oil_despite_omicron-02-dec-2021-167192-article
    Bullish
  • b
    beam_me_up_pls
    "Oil could hit $150 when the world fully reopens, says Jefferies" CNBC
    https://www.cnbc.com/2021/12/01/oil-prices-could-soar-to-150-in-a-fully-reopened-world-jefferies.html
    Bullish
  • b
    beam_me_up_pls
    Goldman on today's selloff. "The market has now priced in a mammoth c.7 mb/d negative demand hit over the next three months, with no offsetting OPEC+ response." = not a single plane flying for 3 months or worse off than before vaccines...gamma does what gamma wants.
    Bullish
  • S
    Samuel
    This volatility is expected. But there’s still 100 million bpd being used and less produced. Reduction of reserves will exacerbate the oil supply crisis in 22. Great time to buy
    Bullish
  • B
    Bill
    We should start moving up more aggressively beginning next month. Hope to see $2+ by June and $4+ by Dec.
    Bullish
  • S
    Samuel
    This stock is extremely cheap right now! It has given us the opportunity to add a few times recently and I’m glad for that. As Q4 starts winding down it should be off to the races in 22! Buy now, hold long and be handsomely rewarded. Peace and prosperity to all you good longs
    Bullish
  • c
    chris
    Annual update coming in the next 2 weeks. Will have tons of positive news, given Brent price predictions, production increase compared to 2021 totals and hedges coming off.
    Bullish
  • b
    beam_me_up_pls
    "Crude Oil Prices Could Reach $125 a Barrel. Here’s Why." - Barrons
    Ignore the noise, this is why you hold long, especially since GTE is the most under valued oil company left on the board.
    https://www.barrons.com/articles/crude-oil-prices-omicron-covid-variant-51638189255
    Bullish
  • B
    Bruno
    The bottom line for 2021: The original production goal for the year was 28K-30K bpd. We're now going to finish the year at less than 27K bpd. The increasing price of Brent throughout the year offset much of this, but now that Brent is back down, we need to get production above 32K bpd to keep pace. In the Q3 CC, Gary promised that we will still be able to get the revolver balance down to $80M by the end of the year (the high end of the original $60M-$80M projection). What he didn't tell us is that he would have to use the money from selling the PTALF shares on the cheap to do it. So, on paper, it's a decent year, but we all know Gary had to hold it together with duck tape to do it.Looking ahead, the May, 2022 elections loom near. How it impacts GTE is a #$%$ shoot IMO. However, if operations aren't interrupted or nationalized and Gary can get the revolver down to $0 by June, 2022, it could be sweet for the investors.
  • b
    beam_me_up_pls
    Bullish
  • j
    jesse
    So I'm looking for the management to provide some guidance on what the plan is. Originally, the plan was to pay down the credit facility to 60-80 million by the end of the year. They changed that to pay down to 80 million by EOY. They announced that in conjunction with reporting Q3 results and announcing the pretty meager production disruption at PUT-7 and the other spot. We have experienced windfall oil pricing for a quarter and a half, far exceeding the price that our budget was based off of and now they have sold the PetroTal shares for 30 Million to pay down debt and other purposes. With all of that said, I'm going to suggest we should see the credit facility paid down to 40-50 million by end of year, or management should make it very clear where the money is going. In my opinion, that production disruption was just a red herring that didn't amount to much at all. I imagine they are legally obligated to report a disruption like that to us shareholders. They probably did report it just in case it would turn into something more than just a few days of shutting the pumps off on those couple pads. I don't think that event had any significant affect on our company, so we should be on track. I mean heck, if oil prices fight back through this fear based dip to reestablish equilibrium based of supply and demand, we will be in excellent position to have that revolver almost all the way paid off! I think our management team is in under promise, over deliver mode and we are in for a nice surprise. If money is just disappearing and we continue to just pay down the minimum, we shareholders have to rally real loud at this years shareholders meeting. GTE is undervalued and I believe $4.87 per share is about right with oil above $80
    Bullish
  • b
    beam_me_up_pls
    Oil Bears beware...do you feel lucky?
    "The decision to keep the OPEC+ meeting formally "in session" has all the fingerprints of Saudi Energy Minister Prince Abdulaziz bin Salman. It's an unexpected move that keeps traders on their toes. Prince Abdulaziz likes to pull a rabbit out of the hat; today, he did it again."
    Javier Blas - Chief Energy Correspondent at Bloomberg News
    Bullish
  • S
    SayZero
    CNBC is helping collapsing the market with their fearmongering over a variant whereas S Africa doctors are saying it is mild. I believe they need to be sued! These actors should be individually held accountable with a lawsuit.
  • b
    beam_me_up_pls
    "We think OPEC+ will slow committed increases in early 2022, and believe the group is unlikely to increase supply unless oil prices are well underpinned," the bank said..."
    Key words "unlikely to increase supply"
    https://www.reuters.com/business/energy/jp-morgan-sees-oil-prices-hitting-125-2022-150bbl-2023-2021-12-02
    Bullish
  • B
    Bruno
    Here is the latest info from the EIA for the past 6 weeks:

    Week ending 10/22--Domestic Production +11.3M--Net Imports +3.5M--Net Inventory Increase +3.2M--Products Supplied +19.M
    Week ending 10/29--Domestic Production +11.5M--Net Imports +3.2M--Net Inventory Increase +1.6M--Products Supplied +20.0M
    Week ending 11/5--Domestic Production +11.5M--Net Imports +3.1M--Net Inventory Decrease -2.1M--Products Supplied +19.3M
    Week ending 11/12--Domestic Production +11.4M--Net Imports +2.6M--Net Inventory Decrease -5.3M--Products Supplied +21.6M
    Week ending 11/19--Domestic Production +11.5M--Net Imports +3.8M--Net Inventory Decrease -0.6M--Products Supplied +21.8M
    Week ending 11/26--Domestic Production +11.6M--Net Imports +3.9M--Net Inventory Decrease -2.9M--Products Supplied +20.2M

    This week's figures included a -1.9M draw from the SPR. The SPR is now down -35.5M since 1/1/21.
  • a
    aras
    GTE is focusing drilling more wells next to the existing ones to ramp up production while the oil prices are high all these new oil locations have built in roads and facilities to deliver the oil in the marketplace. We will most likely reach 40,000 per barrel day production within a month or two. our bank revolver will turn into a chapped change. The stock price should reach to $2.50 before the end of first quarter of 2022 In my opinion
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