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GTE 2019 guidance

Tuesday, January 22nd, 2019

Gran Tierra Energy (TSX: GTE) announced its 2019 capital budget and production guidance. The firm announced an operational update, reporting a record high production during the fourth quarter of 2018 and positive exploration results.

Recent News

Rig count in December 2018

Rig count in December 2018

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for December 2018. The good trend continues, as the industry reported more rigs working in this period compared to December 2017 and previous month.

Monday, January 21st, 2019
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MinHacienda proposal on ECP shares

Colombia’s government is looking for alternatives to fund its spending budget this year. Alberto Carrasquilla, Minister of Finance (MinHacienda), made a proposal about the country’s participation in the Ecopetrol (NYSE: EC) stake.

 

Monday, January 21st, 2019
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Fuel theft decreases while fuel smuggling increases

Authorities were able to significantly reduce fuel theft, but are still struggling to eliminate fuel smuggling.

 

Monday, January 21st, 2019
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“The government wants to cover the fiscal gap by selling Ecopetrol”: Palma

The union’s president, Edwin Palma, rejected the statements of the Minister of Finance (MinHacienda), Alberto Carrasquilla, regarding selling more of Ecopetrol’s (NYSE:EC) shares.

Monday, January 21st, 2019
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Performance drivers

Performance drivers

We try to stay away from share price-related issues. There are lots of commentators better suited for that activity. But we do look at share prices in aggregate as an indicator of investor faith in Colombia. Doing that means we need to ‘unpack’ the influence of various performance drivers including oil prices, other broad industry factors, company-specific factors and to get, finally, the influence of Colombia itself.

Monday, January 21st, 2019
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The impossibility of the ELN

A suicide car bomb exploded in Bogotá’s police training academy last Thursday morning. Casualties stand at 21 dead and 68 injured (these may change). The Attorney General attributed the attack to the ELN and on Friday night, President Duque terminated discussions with the guerrilla group.

Monday, January 21st, 2019
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