Gran Tierra Energy (NYSEMKT:GTE)

Just off a nice quarter, new discoveries....

outperform call made by select criteria

The stock currently trades at an extremely low MEV-TO-EBITDA ratio south of 3.0x; has NO debt and a war chest of cash. At current oil prices, it can fully fund its aggressive 2012 capital program from internally generated funds. Too much emphasis was recently placed on a dry hole in Colombia: on average slightly more than half will be dry; this is the nature of exploration drilling and should not have been a negative surprise. On the plus side, it's discovery, named Moqueta, continues to grow as the find was and continues to be further delineated through additional wells. Cash balance should also show a large increase when the company reports year-end earnings as the Colombian government's oil company, Ecopetrol, reduces its payables balances (ie: Gran Tierra's receivable balances) at year-end. Overall, very little downside with this Canadian-based play; great upside with Moqueta and it's recent foray into Brazil with seasoned operators.

Bevo

Get it while it's still below 7. It's going to start to really take off this next quarter.

Going back up to 52 wk high !

I like the theme of North American energy, including those like GTE w/ assets outside the continent. I like the chart. I like its ability to enter into joint agreements with larger high-quality partners like Talisman Energy (TLM). I like that it's in Calgary, a city which is no longer just about the oilsands but beginning to be about energy in general. It is also a very entrepreneurial city, focused on oil, with a lot of talent from all over the world. I like that it's Canadian, which makes it a lot less scary to foreign countries where it's bidding for rights. And when was the last time you saw a small upstream oil and gas company with no debt? It's hard, if they stick to their knitting, not to see it at least doubling in five years. It'll take that and not worry too much about the volatility in between.

No debt. Have traded this co. several times. I view this as a decent trading stock, you prob. won't make a fortune, but you won't lose one either.

Oil prices increase during the summer months due to expanded demand. GTE is flush with cash increasing it's cash by $100 million and is debt free. Last year known oil reserves increased 163% and now has vast land reserves in 3 South American countries.

For the past few years, GTE has really stepped up their game with 100% + profits consistently. This is a sign of a well-managed company that is meeting a human need that isn't going anywhere fast - the need for gasoline. Their opening up new sites this year is a clear sign that they are growing and profiting and, to me, that's a pretty good sign of future success.

Harvesting a score of +5.07, while lowering my cost basis slightly (from $6.12 to just under $6).

This one is a gamble. The biggest risk is from geo-political perspective. Columbia and Peru both have anti-govt forces that could make hundreds of millions assets, 5-10 years hard effort, into nothing over night. Business risks can mitigated, political risks can be out of control of anyone. I'd not play this one for real.

Good cash on their balance sheet and a nose for oil makes me like this stock.

Massive oil reserves in South America with $177 in cash....low risk entry point.

It is a good growth stock in a sector sure to be profitable.

Quality small-cap oil stock

Alright. Here is another company that appears to be overlooked and might be a real value at these price levels.

Ticker: GTE

They are involved with oil and gas exploration and production within some South American countries such as Peru and Columbia, and are doing it very well!

Recently their revenues grew by 60% and their earnings grew by a full 200%!

Yet, as of now, the company is trading at just 7 times the expected earnings for next year. This gets even better due to the fact they have $0 debt, but also have $148 million in cash (on an $811 million market cap). So on an enterprise valuation multiple it is even cheaper.

This has a chance to really continue this growth as managements "vision" is to be eventually producing 100,000 barrels of oil a day. Currently as of Q1 09 they are producing 10,390 barrels a day. And even if oil prices drop from the recent run they have had, this company appears to be positioned well as they stated in this conference call (http://www.wsw.com/webcast/rbc102/panel3/) that they are still comfortable maintaining current operations even if oil dropped back to $30 a barrel.

Technically, the stock appears to have hit a bottom last October and has since formed a nice base around the $2 level. Currently it looks to be at the high end of the uptrend that started late October, but at $3.36 it still seems like a bargain even though a slight pull-back seems likely to occur.

RK

Set to roar soon. No debt with lots of cash and increasing revenue and profits.

This is a gem that not many heard of due to it being relatively new (only 4 years) and small (675M). Great potential lies ahead for its operations in Colombia, Argentina and Peru. Total revenue grew from 1.1mil in its first year to a whopping 114mil last year. No debt at all with almost 150 mil in cash which is 5 time its Q1 2009 revenue. The company recorded a net income of 23.5mil last year and even during the recession and the drop in oil commodity it still manage to post a 14.1mil net profit in Q1. Wow! This is among my top ten greatest stock pick.