GTE - Gran Tierra +26% following 2021 oil production outlook

Gran Tierra Energy (GTE) +26.4% post-market after forecasting FY 2021 high case/base case oil production of 28K-30K bbl/day on total capital spending of $130M-$150M.Gran Tierra sees base case FY 2021 EBITDA of $200M-$220M and $150M-$170M in cash flow.The company also says the committed borrowing base under its credit facility has been redetermined to $215M.Gran Tierra management needs to demonstrate a new attitude towards debt aversion in the future, Long Player writes in an analysis published recently on Seeking Alpha.

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Gran Tierra +26% following 2021 oil production outlook