Limited resource potential jeopardizes the longevity of Gran Tierra’s production.
After adjusting our model to incorporate our updated price forecast for West Texas Intermediate, we are raising our fair value estimate for Gran Tierra Energy to $3 (CAD 4) per share from $2.75 (CAD 3.50) per share. Our no-moat rating remains unchanged.Trading near $3 (CAD 4), the stock looks fairly valued. Unless new discoveries are made, we expect that the current proved and probable crude reserves in Colombia will be depleted within the next decade. The PetroLatina acquisition does not affor...
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.
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