Gran Tierra Energy Inc (GTE)

[dirtdog]

I think I will buy back in!Just holding out to get a 10 cent divedend out of Huntsman(hun)ex div 3/12.Not bad for a sub $3 stock.The new presentation on GTE site answers alot of my questions.Plus they are not going to spend much in Argentina, which is wise,fixed prices,poor profit margins and then add in a 35% income tax.The conference call, also on gte web site,shed some light on operations,and for good or bad,depending on oil prices, gte has almost no hedging,so as oil goes so does gte.Yesterday Raymond James downgraded it to $4.So no hurry to rush in because RJ must of looked at all this new information and facts before downgrading.Plus Peru won't be developed until 2010 and this is the big enchilada,the bad is a new regime comming in Peru soon and this is South America. Check out the presentation it will show you what to expect at WTI oil prices at 40,60,80 pages 38-46.Columbia will get most of the $178 mil and could bring good news with about one well drilled per quarter.No debt!A buy imho and if oil ever goes above the $40 range great profit potential.