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Forbes  Jun 29  Comment 
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they...
Automotive World  Jun 26  Comment 
Automotive club “Kraftfahrerschutz e.V.” recognises the Volkswagen Group for eighth time This year, the Energy and Environment Prize of the automobile club “Kraftfahrer Schutz e.V.” (KS) is being awarded to the Volkswagen Group. A jury of...
Automotive World  May 14  Comment 
For more than three decades, the south bank of Lake Wörthersee in Austria has become the home for GTI fans from around the world. And it has long since become a tradition for Volkswagen – the inventor of the GTI – to present an automotive...
OilVoice  May 11  Comment 
Gran Tierra Energy Inc. NYSE MKT GTE TSX GTE a company focused on oil and gas exploration and production in South America today announced several new executive appointments effective immediatel
Reuters  Apr 22  Comment 
Gran Tierra Energy Inc, the latest Canadian oil and gas company to face a proxy battle with an activist investor, on Wednesday defended its board's efforts to turn the company...
TheStreet.com  Apr 22  Comment 
NEW YORK (TheStreet) -- Shares of Gran Tierra Energy  rose 5.26% to $3.71 in afternoon trading Wednesday as oil prices climbed after the U.S Energy Information Administration (EIA) reported a decline in U.S. oil production. The EIA said...
Automotive World  Apr 20  Comment 
Volkswagen has presented the new C Coupé GTE at Auto Shanghai 2015. This four-door concept car for the Chinese market – which is over five metres in length – combines exclusivity, perfection and passion. The C Coupé GTE is powered by an...
OilVoice  Mar 13  Comment 
Gran Tierra Energy Inc. NYSE MKT GTE TSX GTE a company focused on oil exploration and production in South America today announces cost reductions in line with its strategy to preserve its stron
TheStreet.com  Mar 10  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet, Inc., or any of its contributors.  TheStreet Ratings quantitative algorithm evaluates over 4,300 stocks on...




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Gran Tierra Energy (AMEX:GTE) is an oil and gas exploration company. Gran Tierra acquires promising regions, explores and develops them, and sells the resulting fuel to larger companies. The properties are all located in South America, though this may be subject to change depending on where opportunities are. Gran Tierra's business relies on receiving exploration and drilling rights for regions in South America.[1]

Company Overview

For the full year 2010, Gran Tierra reported a total revenue of $373M. This compares to a total revenue of $263M in 2009. The company also had a net income of $37M in 2010 and $14M in 2009.[2]

Trends & Forces

Reliance on rights to explore and develop

Gran Tierra focuses its efforts on South American oil reserves. The ability to explore and develop wells in these regions must be accepted by the local and regional governments. The competition for these licenses is highly competitive as there are a large number of other oil and gas companies that operate in the region. In addition, the rights rely on maintaining a strong relationship with relevant government leaders. This is particularly true in South America which has had relatively high levels of political instability.[3]



References

  1. GTE 10-k Item 1 Business "General" pg 3
  2. GTE 10-k Item 1 Business "Selected Financial Data" pg 43
  3. GTE 10-k Item 1 Business "Risks Related to Our Business" pg 16-20
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