Gran Tierra Energy Inc (GTE)

[dirtdog]

I know a lot of people thought $2.50 was the rebuy point but as I have been saying for over a month look for a close closer to $2.The last quarter should come out very soon,my quesstamit is 8 cents,which is about half of last quarter!The good point is 3 times more sales,the bad point is less than 1/3 the price;also the Canadian dollar was almost on par,but now it is discounted by 20%.Argentina also doesn't pay spot price but just makes up a price to pay and collects outrages taxes.Gte should not spend one dollar in Argentina ever!They need to keep cash and diversify out of South America.They have a lot of cash and many proved properties in North America are selling on the cheap.This company is boxing themselves in and doesn't need too!Nationalization is a big risk and needs to be discounted.Management is good but isn't ahead of the curve.glty.Keep an eye on Argentina they are going to steal these properties! JMHO