GTE - Gran Tierra Energy: Swinging For The Fences
2024-06-17 14:35:24 ET
Summary
- Gran Tierra Energy is a small Canadian oil driller focused on operations in Colombia and Ecuador.
- Gran Tierra's stock currently trades with a 25% free cash flow yield and at a massive discount to its own net asset value.
- Through stock buybacks, debt reduction, and continued reserves growth, Gran Tierra's net asset value per share could exceed $100/share by the 2028.
- If Gran Tierra Energy plays their cards right, the stock has the potential for a dramatic rerating higher.
How many times in your life do you get to swing for the fences with a stock, knowing that if you are right, you could make multiples of your money and if you are wrong, you probably won't lose much money? This is exactly how I view investing in Gran Tierra Energy Inc. (GTE), a micro-cap Canadian oil drilling company that operates in South America....
Gran Tierra Energy: Swinging For The Fences