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Gran Tierra Energy Inc. (GTE) [hlAlert]

Sector Outperform
down 38.93 %

Gran Tierra Energy Inc. (GTE) rated Sector Outperform by CIBC Wrld Mkts

Posted on: Thursday,  Jul 16, 2009  8:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Sector Outperform Gran Tierra Energy Inc. (AMEX: GTE) on 07/16/2009, when the stock price was
$3.57. Since then, Gran Tierra Energy Inc. has lost 38.94% as of 08/27/2015's recent price of $2.18.
If you would have followed this CIBC Wrld Mkts's recommendation on GTE, you would have lost 38.93% of your investment in 2233 days.

Gran Tierra Energy Inc. (Gran Tierra) is an independent energy company engaged in oil and gas exploration, development and production. The Company owns oil and gas properties in Colombia, Argentina and Peru. During the year ended December 31, 2008, the Company held 1,996,575 gross acres in Colombia, 1,635,491 gross acres in Argentina and 3,436,040 acres in Peru. On November 14, 2008, Gran Tierra completed the acquisition of Solana Resources Limited (Solana). Solana's exploration and development properties are located in Colombia, and are held through its wholly owned subsidiary, Solana Petroleum Exploration (Colombia) Limited. Solana holds working interests in nine blocks in Colombia and operates six of these blocks. Gran Tierra is the operator of two of the producing blocks, Guayuyaco and Chaza, along with one producing well, Inchiyaco, on its Santana block in which Solana is a partner.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/16/2009 8:25 AM Buy
as of 12/31/2009
1 Week up  42.43 %
1 Month up  43.43 %
3 Months up  96.87 %
1 YTD up  129.41 %

(*) Stock Price at the time of the recommendation.
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