Introduction Gran Tierra Energy shares have seen a 30.49% increase month-over-month after Brent Crude Futures jumped over 14% within the same month. The company released some insights about their operations stating they have increased production to 30,600 BOPD, and have paid down their revolving credit facility balance to $140 million. That being said, the company is still greatly behind on their 2021 EBITDA projections due to deferring production in Q2 after blockades/riots occurred in Colombia. Despite a lot of political headwinds in 2021, Gran Tierra seems to be firing on all cylinders and with strong oil in the second half of the year, the company can still meet EBITDA expectations.
Will GTE Go To $8.00?
Will GTE Go To $8.00?
Will GTE Go To $8.00?
Introduction Gran Tierra Energy shares have seen a 30.49% increase month-over-month after Brent Crude Futures jumped over 14% within the same month. The company released some insights about their operations stating they have increased production to 30,600 BOPD, and have paid down their revolving credit facility balance to $140 million. That being said, the company is still greatly behind on their 2021 EBITDA projections due to deferring production in Q2 after blockades/riots occurred in Colombia. Despite a lot of political headwinds in 2021, Gran Tierra seems to be firing on all cylinders and with strong oil in the second half of the year, the company can still meet EBITDA expectations.