Gran Tierra Energy (GTE) is Making Bullish Move: How To Trade Now?

There are plenty of stocks that have managed to record significant gains in 2021 so far and one of those is Gran Tierra Energy (NYSE: GTE).

The stock has gone up by as high as 100% so far but at the same time, it is perhaps necessary to keep in mind that the company has run up considerable debts in the past few years. Additionally, Gran Tierra did not perform particularly well during the coronavirus pandemic and its business had suffered quite a lot.

Gran Tierra has the potential of doing well in the price band of oil trading at just above $52 per barrel. In that price band, the FCF rises considerably and helps in covering the capital spending made by Gran Tierra. Analysts expect that the company could manage to bring in considerable value for shareholders at the going prices. That being said, investors could keep an eye on the risks associated with the stock as well before making any move.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

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