Gran Tierra Energy (GTE) is an oil producer operating in Colombia and, to a lesser extent, Ecuador. The company has a strong balance sheet - $1.8 billion of assets, but only $600 million in liabilities (all figures from GTE's 3/19 10-Q unless otherwise specified), strong operating cash flow - approximately $0.47 per share, and an active buyback program, allowing the repurchase of up to 5% of issued common stock over the period 3/11/19 to 3/12/20. GTE's net income has been artificially depressed by some large but temporary (as I will detail in a forthcoming article)