March 3, 2021
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According GTE SEC form 4 filed today, management bought over $1.9 million in shares this week in the $0.80s. Clearly more major news from the company is about to drop. I just purchased another 5,000 shares in premarket in anticipation of a major rally coming sooner than folks think.
MAJOR CATALYSTS FOR SURGE IN GTE STOCK PRICE:
1. Insiders buying huge amounts of shares this week
2. OPEC to roll over March cuts to April
3. Americans adult to get vaccinated by May, two months earlier than projected.
3. J&J vaccine, a single dose game changer, getting approvals all over the world
4. Big banks confident in the fact that Oil’s super cycle has begun
5. GTE most likely to pay off their entire RBL this year.
6. GTE production to be around ~30k by mid-May.
7. Analysts have increased their price their for GTE to over $4 per share.
8. The bank now expects Brent crude oil to average $60 per barrel in 2021, up from a previous estimate of $50. Price range could go as high as $80 according to some analysts!
Another comment:
Gran Tierra stock price has rallied 158% since January and has further to rally given a bullish outlook for crude oil. The outlook has become particularly bullish because of growing inventory draws, an anticipated strong economic recovery, stimulus and rollout of COVID vaccines, and an expected increase in demand growth as the weather gets warmer and folks begin to travel more.
Analysts are projecting GTE price target of over $4 per share. The majority of GTE oilfields had been brought back on-line. Company has very strong reserves! Southwest wells be in full production by mid-march with the rest in production by mid-May! As a result, GTE expects to pump on average 28,000 to 30,000 barrels daily during 2021, which is a significant increase over 2020. According to CEO Rob Will, "GTE is doing better than budgeted...looking to drill additional well and uses excess cash to bring down debt." Most of GTE's debt profile is due in two tranches in 2025 and 2027.
https://finance.yahoo.com/m/366e4917-b8d6-34ff-a27f-d4245c09b819/gran-tierra-energy-inc-gte-.html
One more comment:
According GTE SEC form 4 filed today, management bought over $1.9 million in shares this week in the $0.80s with CEO Gary S. Guidry purchasing 688,000 shares. Clearly there is more major news from the company that is going to lead to a bigger rally in the stock price.
FYI GTE financials and estimates:
2020 Q4
Revenue 64.79
Net income -47.87
Total production 18.94
2021 Q1
Revenue 90.20
Net income -5.63
Total production 26.51
2021 Q2
Revenue 110.36
Net income 1.65
Total production 28.78
After June, take off.
Excellent forcast!! Eoy we’ll see price at $3-5 easily!! Time to buy, add, avg down etc., glta
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