Stifel initiated coverage of Gran Tierra (GTE) with a Buy rating and C$10 price target Gran Tierra offers investors exposure to a diversified, high-growth portfolio that contains abundant opportunities to create value across Colombia, Ecuador and Canada, the analyst tells investors in a research note. The firm believes the current share price assumes too little value for a business that generates strong cash flows, protected by a highly flexible capital program. Gran Tierra has a track record of successful reserves replacement, adds Stifel.
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