Report
Joe Gemino
EUR 100.00 For Business Accounts Only

Gran Tierra Enters Ecuador

No-moat Gran Tierra Energy reported first-quarter production volumes of 38.2 thousand barrels of oil equivalent per day, a new quarterly record high for the company. Quarterly production increased 9% from the year-ago period and only slightly sequentially. However, first-quarter production came in below our expectations of 40 mboe/d due to electric pump failures as a result of unreliable power generation in the Acordionero field. The company expects the issue to be resolved by the end of the sec...
Underlying
Gran Tierra Energy

Gran Tierra Energy, together with its subsidiaries, is a company focused on oil and gas exploration and production in Colombia. Co. is primarily engaged in the exploration and production of oil and natural gas. Co. has one reportable segment based on geographic organization, Colombia. As of Dec 31 2017, Co. had total estimated proved reserves of 59.3 million barrels of oil and natural gas equivalent, consisting of 58.9 million barrels of oil and 2.1 million cubic feet of natural gas.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Joe Gemino

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch