StockIceMan's Weekly Stock Pick
Week of
August 25, 2008
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Stock: |
Gran Tierra Energy, Inc. |
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Ticker Symbol: |
GTE - AMEX - Independent Oil
and Gas |
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Buy: |
4.00
to 4.50 |
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Sell: |
6.00 |
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Info: |
Gran
Tierra Energy, Inc., an independent energy
company, engages in oil and gas exploration,
development, and production in Colombia,
Argentina, and Peru. It owns 14% interest in the
Palmar Largo joint venture comprising 341,500
acres in the Noroeste Basin of northern
Argentina. The company also holds 100% working
interest in the Nacatimbay block, 100% working
interest in the Ipaguazu block, and 50% working
interest in the El Vinalar Block, as well as
certain working interests in four additional
properties at Chivil, Surubi, Valle Morado, and
Santa Victoria, all of which are located in
Argentina. Gran Tierra Energy also holds various
property interests in Colombia, including a 35%
interest in Santana block that covers 1,119
acres and includes 15 producing wells in Linda,
Mary, Miraflor, and Toroyaco fields; a 35%
participation interest in Guayuyaco block
covering 52,366 acres; and operational interest
in Rio Magdalena block comprising 144,670 acres.
In addition, it holds a 50% participation
interest in Chaza block that covers 80,242
acres; 20% working interest and operational
interest in Talora block comprising 108,334
acres; and 55% participation interest in
Primavera contract consisting of 359,064 acres
in the Llanos basin, all of which are located in
Colombia. Further, the company has interests in
Azar property; Mecaya Exploration and
Exploitation contract; and two technical
evaluation areas in the Putumayo Basin, all
which are located in Colombia. Additionally,
Gran Tierra Energy holds interests in block 122
and block 128, both located in the eastern flank
of the Maranon Basin in northern Peru. The
company was founded in 2005 and is headquartered
in Calgary, Canada. |
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Financial Info: |
For
the six months 6/30/2008, revenues totaled $54
million, up from $8.3 million. Net income
totaled $23.4 million vs. a loss of $13.2
million. |
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Key Ratios: |
Current
Ratio: 1.684, Total
Debt/Equity Ratio: 0, Trailing P/E: 29.94x,
Forward P/E: 5.69x, Price/Sales: 6.97,
Price/Book: 4.86 |
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Share Info: |
There are 114.81
million shares outstanding with 101.24
million shares in the trading
float. Institutions own
approximately 4.40% of the shares
outstanding. There has been 1 insider
purchase totaling 25,000 shares
and 3 insider sales totaling 2,529,000
shares in the last six months.
Real-Time SEC Filings
As of 7/28/2008, there were 7.58 million shares short.
Net Institutional Buying:
1,912,280 shares prior to latest quarter. |
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Articles: |
New Star Analyst Rankings for GRAN TIERRA ENERGY |
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