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home / news releases / PTAXF - Gran Tierra Energy Stock Goes For A Grand Swoon

PTAXF - Gran Tierra Energy Stock Goes For A Grand Swoon

Petroamerica Oil Corp
  • Gran Tierra is on the debt bandwagon.
  • Current oil price weakness has led to a covenant relaxation from the bank.
  • The current price is a combination of concern about the debt mixed with current industry outlook concerns.
  • No debt is due for a while.  Therefore, oil prices should rally to allow the debt to refinance.
  • Gran Tierra should do ok in the future.  But there are less risky alternatives.

For further details see:

Gran Tierra Energy Stock Goes For A Grand Swoon
Stock Information
Company Name: Petroamerica Oil Corp
Stock Symbol: PTAXF
Market: OTC
Website: petroamericaoilcorp.com
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