Gran Tierra Energy, $6.49, symbol GTE on Toronto (Shares outstanding: 216.3 million; Market cap: $1.4 billion), is a Calgary-based oil company with exploration and producing properties in Colombia and Argentina. It also has exploration properties in Peru. The stock began trading on Toronto in February 2008 at $3.50 a share.
Gran Tierra had cash flow per share of $0.22 in the three months ended September 30, 2009. That’s up 37.5% from $0.16 a year earlier. (All figures except share price and market cap in U.S. dollars.) Revenue rose 87.5%, to $75.2 million from $40.1 million.
In the latest quarter, production from four new development wells at its Costayaco field in Colombia pushed up Gran Tierra’s overall production by 208.7%, to 12,945 barrels of oil per day from 4,194 barrels. That boosted revenue and cash flow. However, its average price received per barrel fell 39.2%, to $63.12 from $103.88.
The company holds cash of $151.6 million, or $0.70 a share. It has…
Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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