Yes good to be back in,added a few more last week & when i saw the big vol coming in! Will hold thru 4qt G luck **** Found this a few weeks back- Globe says Canaccord's Xanos bullish on Gran Tierra
Gran Tierra Energy Inc (C:GTE)
Shares Issued 390,017,518
Last Close 8/21/2018 $4.18
Wednesday August 22 2018 - In the News
The Globe and Mail reports in its Wednesday edition that Canaccord Genuity Group analyst Jenny Xanos offered ten reasons to own shares in Gran Tierra Energy ($4.18), a Calgary-based producer of Colombian oil. The Globe's David Milstead writes in the Eye On Equities column that among them: Ms. Xanos said the company has a self-funding business model with its core assets generating free cash flow and low debt that could allow for share buybacks or acquisitions. The company also has growth potential via land in the underexplored Putomayo basin and rapidly expanding production from its Acordionero property. Gran Tierra trades at a small discount to peers on a net-asset-value basis, and it is below its historical trading average on a price-to-cash-flow basis. Ms. Xanos has a $7 share price target. Analysts on average target the shares at $6.62. The Globe reported on Feb. 14, 2017, that CIBC analyst David Popowich rated Gran Tierra "outperform." The shares were then trading at $3.48. The Globe reported on Jan. 10, 2018, that Gran Tierra was one of Canaccord's top picks for 2018. In the item Ms. Xanos said, "We recommend buying GTE ahead of the upcoming potential catalysts." Gran Tierra shares were then worth $3.65.
© 2018 Canjex Publishing Ltd.
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