I've got a small position here courtesy of the i3 deal. I haven't looked into the company beyond a glance at their website but macro elements seem to be supporting a rise here, unless there are some red flags I'm not aware of.
I see that buybacks are favoured here, with 12% of the issue being bought back so far. When a company is undervalued I think it makes sense. Do they have any history of dividends? |
Canadian oil & gas sector will be exempted from tariffs (NBR) |
hTTps://x.com/baystreetamber/status/1881848811586552184?s=46&t=LkUKVZHH-p2Ckt2MfrpYBA |
Yep, still got all my GTE's from the switch over. :) |
Yep, still got all my GTE's from the switch over. :) |
Yep, still got all my GTE's from the switch over. :) |
I'm still knocking around |
Some still here. Keep up the commentary, thanks. |
Natural gas hits highest level since January 2023 |
Seems many stale i3E holders steadily selling out are still around. Shame they don't see the wider GTE opportunity (getting even bigger with $80 oil & gas doing even better recently!) |
"...Total consideration from Logan includes $52 million in cash proceeds and carried development of the first Simonette well drilled in the Lower Montney region for estimated non-cash proceeds of $3 million net to Gran Tierra. The purchase price will be subject to customary adjustments based on an effective date of September 1, 2024. As a result of the transaction, Gran Tierra expects to accelerate 2 wells at the 1-24 pad in the Simonette Montney area into the fourth quarter of 2024 which were originally anticipated to be drilled in the first quarter of 2026. Closing of the transaction is expected to occur by the end of 2024, subject to the satisfaction of customary closing conditions...."==>. We should be hearing about this we'll drill soon hopefully.... |
Nice oil strength. GTE makes a LOT of money at $79 oil.... ;) |
Oil up 3.1%!!! Wow GTE so behind the curve on its share price... |
Natural Gas surges to highest level since December 2023 as Siberian air set to hit Southern USA More to supporting the rise than this too ;) |
Oil up 1.5%, nat gas up 1.6%, not bad for a Sunday evening! |
This is turning out to be a decent investment. 20% up since taking over i3e |
The rise shows how much I3E holders were shafted given what Logan are paying for Montney. |
Downticker freak, you are not going to like this, but up another 6% |
GTE could be nice little earner for ex i3e shareholders. Nice rise today |
Trump will be v good for gte!// |
As a shareholder I would want dividends not jam tomorrow.
So BB are not for me. |
Posting link to conference call again, as was removed from my post. Replace Hxxps with Https
Hxxps://www.investing.com/news/stock-market-news/earnings-call-gran-tierra-reports-growth-and-diversification-post-i3-energy-acquisition-93CH-3700996 |
Tony, thanks for posting the transcript of yesterday's GTE Conference call on the LSE I3E board. Here it is for this board:
The initial part is nothing more than them going over the already released Q3 results, but the Q&A section at the end adds more.
Good to see GTE continuing with share buybacks, something which I3E declined to do, believing their cash could be better utilised through drilling and dividends. Ryan Ellson - "...we’ll continue to buy back stock. So, even if we are in blackout, we can continue to buy. But I think if you look at since 2023, we really have funded that buyback through free cash flow. And so, we expect that to continue in the future. And for us when we’re trading at a discount to PDP, we think it’s a great way to return capital to shareholders and increase long-term net asset value." |
Just looking in to see what folks think about GTE - I noticed that Cat33 (aka oilman Jim) is still around pumping his paid news letter under a false name - what a Wally! |
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