Gran Tierra Energy traded at 12.66 this Friday May 15th, increasing 0.26 or 2.10 percent since the previous trading session. Looking back, over the last four weeks, Gran Tierra Energy gained 14.67 percent. Over the last 12 months, its price rose by 84.82 percent. Looking ahead, we forecast Gran Tierra Energy to be priced at 12.40 by the end of this quarter and at 11.64 in one year, according to Trading Economics global macro models projections and analysts expectations.
Gran Tierra Energy Inc. is a Canada-based independent international energy company. The Company is focused on oil and natural gas exploration and production in Colombia and Ecuador. It is developing its portfolio of assets in Colombia and Ecuador. Its assets in Colombia represents 100% of its production with oil reserves and production mainly located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company’s field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represented 53% of total Company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, which represented 37% of total Company production.