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home / news releases / GTE - Gran Tierra Energy: Cheap Oil Ramping Production

GTE - Gran Tierra Energy: Cheap Oil Ramping Production

Gran Tierra Energy Inc.

2024-03-18 11:45:36 ET

Summary

  • Gran Tierra Energy is a cheap oil stock, trading at 2x FWD earnings and half of book value.
  • The company is focused on oil and gas exploration and production in Colombia.
  • Despite high royalties and political risks in Colombia, Gran Tierra remains profitable and has promising production growth potential.
  • Shares are a buy with price target of $12.

Investment Thesis

For further details see:

Gran Tierra Energy: Cheap Oil, Ramping Production
Stock Information
Company Name: Gran Tierra Energy Inc.
Stock Symbol: GTE
Market: NYSE
Website: grantierra.com
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