ORIONS Money Stocks

[rayank]

GTE Bottom is in. Triple bottom and lots of insider buying, with free cash flow predicted in 2020, and many catalysts. This is a solid company and I think $1.20 - $1.40 is possible in the weeks ahead with little downside.
IMO
I am in at $1.07.

Gran Tierra Energy (GTE) October 30, 2019

Gran Tierra is a global oil and gas exploration company operating in South America. Despite the fact that it faced headwinds in its second quarter, one top analyst is maintaining his bullish thesis.

5-star RBC Capital analyst Al Stanton tells investors that while the company’s production was impacted by operational problems, these issues have been resolved. On top of this, GTE posted better-than-expected financial results in its most recent quarter.

The energy name has also seen operational success, with its Acordionero-48 location being cited as especially promising. Stanton notes that production at this site should get an additional boost as the facility expansion was recently completed.

Stanton reminds investors that key upcoming catalysts could push share prices to new heights. “Management has highlighted that H2/19 has many potential catalysts, including the drilling of 13-15 development and exploration wells, with planned appraisal of the Lisama E Sand in Acordionero and drilling of Vonu Este-1 well targeting fractured A-Limestone and the U Sand,”.

Bearing this in mind, Stanton reiterated his bullish recommendation and $3 price target on GTE stock. Clearly, the analyst is confident that shares could jump 157% in the next twelve months. (To watch Stanton’s track record, click here)

The rest of Wall Street echoes Tierra's bullish play, as TipRanks analytics exhibit GTE as a Strong Buy. Out of 4 analysts polled in the last 3 months, 3 are bullish on GTE stock while 1 remains sidelined. With a huge upside potential of over 170%, the stock’s consensus target price stands at $2.86.

https://finance.yahoo.com/news/3-strong-buy-energy-stocks-183155412.html