Limited resource potential jeopardizes the longevity of Gran Tierra's production.
After incorporating the impact of Gran Tierra Energy’s fourth-quarter results into our forecasts, we are lowering our fair value estimate to $1.75 (CAD 2.50) per share from $3 (CAD 4). The recent revision in our near-term oil price forecast is the main driver behind the fair value estimate decline. Gran Tierra trades near $2.50 (CAD 3.50) per share, which represents a significant premium to our fair value estimate. Unless new discoveries are made, we expect the current proved and probable crude ...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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