GRAN TIERRA ENERGY (GTE) Stocks
ABOUT GRAN TIERRA ENERGY
📊 Gran Tierra Energy Inc. was founded in May 2005 and is based in Calgary, Alberta, Canada. The company’s operations are predominantly focused in South America pertaining to the exploration, development and production of gas and oil.
📊 In September 2005 Gran Tierra Energy Inc. acquired production and non-production properties in Argentina. From November 2005 onwards, companies such as Goldstrike Inc. and Argosy Energy International were acquired, along with interests in Compania General de Combustibles (CGC) 2008.
📊 Gran Tierra Energy Inc’s history shows the successful discovery and acquisition of several fields starting from March 2007 when the company discovered various oil fields in Columbia such as Juanambu, Costayaco, Popa Gas, and the Proa oil field in Argentina.
📊 In 2010, the company not only discovered the Moqueta field and Jilguero 1 Well in Columbia, but it also announced exploration and production in Brazil. The company entered into an agreement to acquire Petrolifera Petroleum Ltd. in January 2011, after which the deal was successfully closed in March 2011.
📊 Today, Gran Tierra Energy Inc. has approximately 334 employees and has proudly surpassed more than 7.7 million person-hours worked without having lost any time due to incidents.
OVERVIEW OF GRAN TIERRA ENERGY
Not only is Gran Tierra Energy Inc. focused on onshore oil production in Columbia, the company has also made new-country entries into Ecuador.
Its focus is on high-quality assets through 95% operated and 100% oil, low rates of decline and operating costs, short cycle times and full-cycle returns, a resource base that is world-class prospective, the company strives to create value for its stakeholders.
Oil and gas properties in Columbia is not the only focus, the company also owns rights to oil and gas properties in Brazil and Peru, along with properties in Catatumbo, Cauca, Llanos, Sinu-San Jacinto, Middle Magdalena and the Lower Magdalena basins.
VISION & VALUES OF GRAN TIERRA ENERGY
Not only does Gran Tierra Energy Inc. focus on ensuring growth and value for shareholders, but it also ensures that business is conducted in a safe, ethical, environmentally friendly and sustainable manner through various policies that guide operations.
Forecasts show continuous growth for the company through commitment to new ventures and the expansion of current ventures, which ensures that shareholders have peace of mind when they purchase company shares.
MARKET PERFORMANCE OF GRAN TIERRA ENERGY
Gran Tierra Energy Inc. trades on the Toronto Stock Exchange (TSX) under the stock symbol GTE. Gran Tierra Energy Inc. is a component of the S&P 500 SmallCap index.
For the third quarter of 2019, the company’s net income was $ 12 million and fund flow from operations was $ 59 million. Sales in gas and oil were $ 132 million. Due to the completion of a 3D seismic programme in Putumayo, the quarter was capital intensive.
Gran Tierra Energy Inc. is in a position with low decline, high netback and assets that are regarded as long life and conventional, which will deliver a strong free cash flow profile and growth in production and reserves that are visible.
This ensures that shareholders, who buy or sell shares, can have the peace of mind to expect solid dividends and returns.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy GRAN TIERRA ENERGY Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GRAN TIERRA ENERGY STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE GRAN TIERRA ENERGY STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GRAN TIERRA ENERGY stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy GRAN TIERRA ENERGY stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?