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Gran Tierra Energy Inc.

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Msg  15224 of 15246  at  11/6/2019 9:43:02 AM  by

peaceful valley

Time for Change

With the reporting of yet another horrendous quarter of non-performance, it may be time for a change in leadership and company direction. Even after adjusting for the "temporary" disruption in production, year-over-year production growth was essentially flat (despite all the capex spending). The only properties that are seemingly doing well are those that were sold to PetroTal in Peru. How ironic. At least Gran Tierra holds a signficant interest in PetroTal. In addition to a new slate of executive management, I would favor a change in business strategy that seeks to harvest existing resources with only maintenance capex. With the resulting cash flow, pay off debt first. Then, distribute the resulting cash flow while existing reserves are harvested or sold off in orderly fashion.

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Recs: 4     Views: 236
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Msg # Subject Author Recs Date Posted
15225 Re: Time for Change krall 2 11/6/2019 10:08:48 AM
15226 Re: Time for Change Bowie8 2 11/7/2019 10:00:01 AM

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