Gran Tierra Energy Inc (GTE)

[roadkilll]

The Big News from the elections were the legislature vote proved nobody will have an easy time devising policy.
Petro did have an impressive first round in the Presidential vote. Round 2 coming in May. There appears to be a protest vote. Not a majority that would favor his anti oil stance that plans to replace the majority of tax receipts that oil now provides. Petro's economic path of tourism is just plain bizarre and would be a very painful path to take. Expect a lot of moderation similar to Peru where the leftist candidate is openly perusing foreign investment to expand the oi and gas sector. Same with the path the path that Ecuador is on and attempting to greatly expand oil and gas revenues.

No real surprise in the election. The stock did pull back hard but the price of oil has also pulled back around 20%.