Roth Capital analyst Jamie Somerville initiated coverage of Gran Tierra (GTE) with a Buy rating and C$7.50 price target The firm cites the company’s record of value creation in international exploration and production and its positive view of Gran Tierra’s recent drilling for the Buy rating. The stock’s valuation more than compensates for the significant risks associated with the company’s high debt levels and socio-political risks, the analyst tells investors in a research note.
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