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$VET most underrated energy name no one is talking about.
DD: The Schedule III & SAFER Banking Catalyst – Why Ancillary Cannabis is the Real Play ($NDEV: 50% EBITDA Margin, Zero Toxic Debt)
NDEV: Infrastructure DD | Analyzing the Dual-Platform Moat & 14.7% Net Income Growth 📊
$NDEV: Infrastructure DD | Analyzing the Dual-Platform Moat & 14.7% Net Income Growth 📊
PROP, fundamentally a tenbagger, not a hot potato stock
PROP - a turnaround oil and gas stock in the making
PROP - a deep value oil and gas stock pending a turnaround
PROP - a deep value oil and gas stock pending a turnaround
TCON drug results and new deals incoming
Avila Energy PTRVF or VIK Canadian exchange
Natural Gas Shortage . Electric car promoters are misleading to the public about pollution control and ecology abatement.
GTE is about to take off after announcing year end reserves, Everyone should buy. Do the math. And let's not let a hedge funds or low ball buyout make all the money. Lets run it up and we all make money.
Summary of Otto (OEL.ASX) opportunity and why I think this could be a BIG WEEK
Mentions
I just found a 50 inch samsung tv for $300 at Best Buy. I understand it’s not OLED and probably not as color accurate as more expensive tvs but it probably looos great to most people. I own an Alienware AW2725DF monitor so I do get caring about that stuff but it’s just not necessary for a lot of people especially if they have houses they want multiple big tvs in: [https://www.bestbuy.com/product/samsung-50-class-u8000h-series-crystal-uhd-4k-smart-tizen-tv-2026/JJGRF3QT85/sku/6670831?sb\_share\_source=PDP&ref=app\_pdp&loc=pdp\_page](https://www.bestbuy.com/product/samsung-50-class-u8000h-series-crystal-uhd-4k-smart-tizen-tv-2026/JJGRF3QT85/sku/6670831?sb_share_source=PDP&ref=app_pdp&loc=pdp_page)
Any short-duration company will be up big. Look at any corps with high PDP/2P ratio and they should be the strongest outperformers since the majority of their value is in the production of their short term reserves vs. remaining reserves.
https://www.reddit.com/answers/a282f23c-6daf-4fae-8b07-7d544cafaf69/?q=Reasons+Palantir+is+considered+unethical&source=PDP
Shit. SOMEBODY CRANK UP THE PDP-11
Canadian E&P’s trading under PDP if you want higher cap gains, CNRL, Cenovus and Whitecap are safer plays with safer dividend
That's a really good perspective and sense. If you go Glock, I recommend a Glock 47 in that case. The PDP is also available in full size. Can't really go wrong with either. As others have said, stay away from the sig P320.
Here are my 2 cents. **KFIIR** (rights, 15:1 ratio) - very undervalued. These aren't just finance guys; they are industry titans in experiential entertainment - think casinos, live events, resorts, and mobile gaming. It is a massive industry that many people overlook because it’s not purely digital. It’s complex, involves physical assets, and requires a deep understanding of consumer behavior in the real world. Recently their sponsor invested in a company called Kinectify. Kinectify develops anti-money laundering (AML) and risk management technology for the gaming industry. It shows they are active and knowledgeable in a very specific, high-growth niche that combines technology with regulated industries - exactly the kind of target that could thrive in the public markets. **FTW-WT** (former EQV-WT, trading at pre-DA prices) - massively undervalued. Already signed DA with Presidio Petroleum. Presidio is confirming a $1.35 annual dividend, which is a massive \~13.5% yield at NAV. That yield creates a hard floor for the common stock - it simply can't crash like a typical pre-revenue de-SPAC without the yield becoming absurdly high. If anything, it should re-rate to $13-15 to match the \~8% peer average. Also, the deal looks locked and loaded. They just filed the 3rd S-4 amendment and announced the post-merger Board, which is a huge signal that closing is imminent. With institutional backing from players like Magnetar and Fort Baker, the redemption risk seems much lower than usual. It’s a cash-flowing PDP play, not vaporware. **IPODW** (as you mentioned) - because of AI. **EVACW** \- same sponsor as FTW, but no deal yet. **DNMXW** \- energy, power, digital assets. **APXTW** \- massively undervalued SPAC. Large trust fund, cheap warrants.
I use ETrade, but checkout this article for more info on others https://www.reddit.com/answers/6b7e0c98-83ab-483f-af78-6812efe79e6d/?q=How%20to%20use%20the%20Greeks%20in%20options%20trading&source=PDP
https://www.reddit.com/answers/3799cb8c-bf6d-4aae-8f83-78f0297ceb6e/?q=Overview%20of%20DEFT%20stock%20and%20its%20potential&source=PDP
I don't, actually, because it's besides the point. Elon hasn't invented anything. He's not a scientist, he's not an engineer, he's not even a programmer. He barely had a college degree and didn't even have a personal hand in the gathering of five of his kids. He can't do anything himself, except con stupid people into thinking he's smart. Henry Ford actually built functioning automobiles before the Model T's success. He also held patents for the design of the transmission. John Browning was an accomplished blacksmith and metalworker who actually built every prototype gun by hand. Same goes for men like Gatling and Stoner. Goddard and Korolev both built rockets before going on to be the respective foundations of their nation's rocket program. von Braun, who like Elon was a member of a certain party, was building novel rockets as a kid - something Elon DIDN'T do. Bill Gates isn't as much of an engineer as anyone would think, but he was at least writing BASIC interpreters on PDP-10 mainframes. Elon's claim to fame in the software world was so bad that his software foray at Zip2 and X.com (the original X) had to be totally rewritten by competent engineers. If you handed Elon a computer and told him to write a basic payment processor without help from anyone or AI, he couldn't do it. If you handed him the keys to a state of the art workshop and asked him to build an electric car from off the shelf parts that could drive 100 miles on a single charge, he couldn't do it. If you asked him to use that same shop to build a basic solid propellant rocket that could hit an altitude of 5mi, he couldn't do it. The man, fundamentally, cannot do things. One of his recent tweets regarding SSA databases used the word "deduplicate" when he was talking about there being multiple entries of the same social security number. What that tells me is that someone said "deduplication" in the context of the fifth normal form (which he probably doesn't know, but it's databases 101), and he misunderstood it to mean there were duplicates in the database - which is flat out wrong. The man cannot do anything with his hands. He is a functional moron.
FYI - An investment club isn't considered a professional. A professional has to pay for exchange data subscriptions. Exchanges do not consider an investment club as a professional if the members are unpaid natural persons who would qualify for non-professional subscription status. [https://www.nyse.com/publicdocs/nyse/data/Policy-Non-ProfessionalSubscribers\_PDP.pdf](https://www.nyse.com/publicdocs/nyse/data/Policy-Non-ProfessionalSubscribers_PDP.pdf) - see page 3.
The ad overbilling issue was very obvious. If you logged into Amazon business and searched for a gaming pc with a high end gpu like rtx 4090 then it would show 10 or so of our listings but all would say item removed and there'd be a half dozen of our ads visible but they all said item removed so we were paying for clicks even though Amazon business had 97% of our products blocked. The block in CA was less obvious but also easy to reproduce. If you set the zip to be CA like 90210 and then logged out of Amazon and repeated the same search to find our listings, then on over half of the ones you opened there'd be a message under the price that would say that the item could not be shipped to the geographical region selected. Even ads of ours which were running would have this message on the listing upon clicking on them, clear proof of the overbilling. ​ Amazon did not try to refute the overbilling. They said we're going to get credited for the $15K of overbilling they've found so far. We have screenshots and videos showing it. I'm sure the Bloomberg article will show 1 or more of the screenshots. It was silly. On Amazon business, you see an ad running but you see "item removed" and no price. The thing about this overbilling is it didn't just impact us. It would have impacted 100% of sellers with listings getting ads that had geographic restrictions. if any seller received a performance notifications about 1 of their listings being geographic restricted and if they were running ads on that listing then they too were overbilled. Amazon essentially blocked geographic restricted items in the checkout but didn't bother to stop them from showing up in search and ads. It created negative customer experience since customers searching and clicking would run across blocked products. Even worse it sabotaged the seller's listings' search rank and profitability since the reduced CR caused reduced search rank which caused higher CPC cost and higher ad to organic sales ratio on top of having to pay for ad clicks that couldn't covert. It was a triple whammy of damage and it was impacting all sellers with geographic restricted listings that were getting ads. ​ Our listings became blocked in CA because of a CEC Tier 2 compliance requirement we didn't meet but I checked with other sellers in our category with similar listing counts as are and although they weren't registered for CEC T2, their listings weren't being blocked so it seemed we were singled out. as for Amazon business blocking 97% of our listings, there was no good reason for that happening. The Amazon ad rep that called after Bloomberg reporter told them an article was coming simply told me he found the issue and fixed it. For over a year, we were plagued by 7K+/week of $500K+ bot orders caused by since suspended Amazon seller Lucky Tech that made our stock run out so we'd lose sales (which we tried to counteract with 5K qtys which then backfired when an employee made a pricing error which got circulated in blackhat discord channel to the tune of over 4K orders placed in 18hr which caused our seller rating to drop 25% even though we explained situation, apologized and shelled out $57K we didn't have in courtesy credits in addition to full refunds). ​ This same suspended seller would also would PDP tamper to change computer listing specs all around to cause our customers to get wrong item. Every abuse and every type of sabotage imaginable they did. I reported them for over a year straight going though local legislator offices to escalate to Amazon's DC Public Affairs office after our many Seller Support, abuse form submissions and dozens of emails to the execs (i.e. Dharmesh, Scott Hayden, Russ) were ignored. Since I noticed the suspended seller doing invalid newer model buttons on about 1/3 of all best seller top 100 laptops which only Amazon's catalog team is supposed to have access to, I figured they had someone at Amazon in their pocket. Its no secret Amazon has a lot of corruption. There's been a number of indictments and prosecutions of Amazon employees for taking bribes and doing very dirty things. It is for that reason that I think our listings getting blocked was just another type of sabotage that suspended seller did to us for which they utilized a corrupt Amazon employee. ​ I learned 2 things from our ordeals: 1) Amazon will continue to squeeze 3P sellers eventually running most out of business so we must focus on B2B and website sales supported by google ads and be content with lower volume albeit more profitable Amazon sales via higher pricing and reduced ad budget (where new listings are promoted via brand sponsored and established by product sponsored to avoid the issue of Amazon overcharging 6X for product sponsored when the listing lacks search rank). 2) Amazon's overreliance on automated scripts and apathy toward seller issues means that we'll always be fighting some issue that is devastating and it will be a futile effort and the only way to actually see change is to embarrass Amazon in a public forum i.e. media, public posts.
At least since the late Sixties. I remember one of GM's or Ford's robotic welding station demonstrations in the early Seventies, and the cool-ass C.A.D. system running on a PDP-11 several years later.
From last press release...“We are now in a position to widely license our PDP to allow clinical stage biotechnology and pharmaceutical companies to transform their clinical operations with the expectation of potentially dramatic cost reductions and shorter clinical trial timelines.”..... "We are on track to complete enrollment of 80 patients treated with single agent envafolimab in the ongoing pivotal ENVASARC trial this year. The data monitoring committee recommended the study continue as planned in September based on a review of 46 patients and since then more than 20 additional patients have enrolled. We expect to report updated response rate data before the end of the year
There is a cycle in hardware IT and no force in the world has been able to stop it in 40 years. It starts off with leading companies becoming complacent. DEC (digital equipment corporation). Out of Mass. Used to be the #2 computer company in the world after ibm. There were going to be the IBM killers. Best mini computers in the world when mini computers were a thing. PDP11s and VAX. Clusters. Best and single OS across all sizes of Vax. Killer. Some still out there. The old IT bastards out there will know this. DEC missed the Unix and PC booms. Fell behind. Now gone and forgotten. Same thing with a dozen other old school hardware companies of the 80s, 90s, 00,s. Burroughs, Sperry, Wang, ICL, Sun, etc. Once they start declining they rarely if ever come back and eventually fade away. Too much old infra, old ways, old processes, old and expensive people. Can’t be fixed. Will spike every now and then to bring on more bag holders but in the end they’re dead money.
I'm liking the GTA V plot a little more on this second playthrough. And my Series Xbox controller has drift already, meanwhile my 10 year old PDP one that cost 1/4 never had it.
There was a company called Dorsey Wright that had a proprietary trend and relative strength TA index about 10 or 15 years ago that a fund manager used to create an ETF. Can't remember who the fund manager was. But I found that Invesco has some funds based on that index. Looks like Nasdaq bought Dorsey Wright - [https://www.nasdaq.com/solutions/nasdaq-dorsey-wright-investment-research-technical-analysis-platform](https://www.nasdaq.com/solutions/nasdaq-dorsey-wright-investment-research-technical-analysis-platform) One of the Invesco funds - [https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PDP](https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PDP)
Not much PDP. All the other reserves take big $$ to develop and if they don’t have crews going now and contracts signed, they are going to get gouged bit time. Haven’t looked into them much more than that reserve report snippet and seeing where they operate.
Every Xbox One remote I’ve gotten on Amazon is garbage (brand is PDP) does anyone know any better ones?
I’m reminded of a loan from the MIT computer labs: > In the days when Sussman was a novice, Minsky once came to him as he sat hacking at the PDP-6. > > “What are you doing?”, asked Minsky. > > “I am training a randomly wired neural net to play Tic-Tac-Toe” Sussman replied. > > “Why is the net wired randomly?”, asked Minsky. > > “I do not want it to have any preconceptions of how to play”, Sussman said. > > Minsky then shut his eyes. > > “Why do you close your eyes?”, Sussman asked his teacher. > > “So that the room will be empty.” > > At that moment, Sussman was enlightened.
[Dang Nordstrom just be advertising nipples. brb](https://www.nordstrom.com/s/suzy-black-bambi-deux-swiss-dot-mesh-teddy/6581303?origin=coordinating-6581303-0-6-MOBI_PDP_1-recbot-also_viewed_graph&recs_placement=MOBI_PDP_1&recs_strategy=also_viewed_graph&recs_source=recbot&recs_page_type=product&recs_seed=5940537&color=BLACK%20DOTS)
PDP doesn't only hold small and medium-cap growth tech but yes.
Certain areas of tech got absolutely smoked. -2.6% last week for the Nasdaq is very far from telling the real story there. PDP, which is a momentum ETF, at about -5%, tells a better story. You had ARKK fall 12.7% in one week as well, it was crazy stuff to watch (not as good of a story since they've averaged down on losers).
Mine it on your PDP-11, store your coins on paper tape.
Which of these is nicer [https://static.nike.com/a/images/t\_PDP\_1728\_v1/f\_auto,b\_rgb:f5f5f5/e0e1bf6f-cb6e-4cb1-afbe-1a313a3f30b1/victory-g-lite-golf-shoe-6CKr0N.png](https://static.nike.com/a/images/t_PDP_1728_v1/f_auto,b_rgb:f5f5f5/e0e1bf6f-cb6e-4cb1-afbe-1a313a3f30b1/victory-g-lite-golf-shoe-6CKr0N.png) [https://static.nike.com/a/images/t\_PDP\_1728\_v1/f\_auto,b\_rgb:f5f5f5/b71d0895-32a1-4858-9c09-0b6a8b2bac31/victory-g-lite-golf-shoe-6CKr0N.png](https://static.nike.com/a/images/t_PDP_1728_v1/f_auto,b_rgb:f5f5f5/b71d0895-32a1-4858-9c09-0b6a8b2bac31/victory-g-lite-golf-shoe-6CKr0N.png)
OK, so. I work for CMS (Centers for Medicare & Medicaid Services). I'm genuinely curious, why is everyone so bullish about Clover? It's a fairly run-of-the-mill MA-PDP plan, in terms of its Quality Ratings performance and its offerings. The only thing I can think of is that it might be especially agile with telemedicine, which obviously has been super important, given, you know, the pandemic. Absolutely get your fuckin' tendies, but I don't get it.
What is PDP? My irl humor is either making references almost nobody understands, lots of comedy skit type scenes, and making other people feel awkward.
There was a zoomer in our group for a bit, she definitely rubbed off on me a lot. 99% she's how I ended up saying yeet too much, why I've watched more than a few PDP vids, etc
Don't forget to smash that like! This video is sponsored by GFuel.. Weird side effect of my year-and-a-half dating a zoomer, we used to watch a good bit of PDP. Kinda like him tbh. Maybe enough time has passed and I can watch him again..
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Identifying factors is one thing. Implementing them in a real world portfolio is another challenge altogether. In a nutshell, the Momentum factor is hard to capture and profit from in the real world after fees and the aforementioned trading costs and high turnover necessary to chase the factor. The Momentum premium decays quickly. [Dimensional found that](https://www.dimensional.com/us-en/insights/have-investors-benefited-from-momentum-strategies) “10–12 months after classification as high momentum, the excess return of upward momentum stocks was no longer positive on average.” They also looked at U.S. funds claiming to target Momentum and concluded that “the vast majority were unable to convert favorable premium performance into higher-than-market returns, after fees and expenses.” Basically, the Momentum factor premium can be simulated just fine in the lab, but can’t be captured – at least so far – in a live fund in a cost-efficient way that delivers excess return to the investor. Funds that attempt to capture Momentum include MTUM, PDP, QMOM, and IMOM. The performance of some of these funds can largely be attributed not to their capturing the Momentum factor, but simply to their exposure to market beta and large cap growth stocks, which have had a stellar run over the last decade. We can see this in the fact that the returns of these funds are not correlated with the actual Momentum factor. Moreover, long-short strategies that would provide the truest loading on Momentum are not available in the retail space.
I never even heard of him before this drama, but yeah, YouTubers are hard to cancel. They came for PDP like 5 times and he's still >100mil subs.
I bought during this dip, but I understand that there's quite a bit of risk. Here's my 2 cents on the stock. **Not financial advice.** **Potential Positives** 1. **FDA didn't give a firm denial of ACAD's new drug application.** Per ACAD's [news release](https://ir.acadia-pharm.com/news-releases/news-release-details/acadia-pharmaceuticals-provides-regulatory-update-supplemental), FDA "identified deficiencies that preclude discussion of labeling and post-marketing requirements/commitments at this time. The FDA stated that the notification does not reflect a final decision on the information under review." 2. **FDA** **didn't specify the deficiencies identified.** Also in ACAD's news release. 3. **The deficiency seems to be related to labeling and post-marketing.** I'm no expert in this area, so this is just my lay-redditor understanding: the deficiency has more to do with descriptions related to the drug than the drug itself. 4. **Nuplazid (pimavanserin), aka ACAD's only product, is the first and only medication approved by the U.S. Food and Drug Administration (FDA) for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis (PDP).** See ACAD's [website](https://www.acadia-pharm.com/product/). So once the "deficiencies" get resolved, hopefully the product can continue generating revenue for the company (although the company is still at a net loss). 5. **Analysts generally still maintain positive ratings and price targets.** From what I could see, analysts maintain mostly "buy" rating (and some "neutral" rating). Price targets have been cut but still mostly range from $28-$55. I did see mention of one analyst posting a "buy" rating but cutting the price from $60ish to $0. If we go by the low-end PT (no, not the $0 PT), then that's still around $3 higher than the current $25/share at close. So there's potential for profit, depending on how things turn out and how long you hold. **Potential Negatives** 1. **Nuplazid is ACAD's only product.** It seems like the stock's value is based on Nuplazid getting approval. If approval ultimately doesn't happen, then ACAD is likely to see further tanking (probably to the bottom). That said, it seems ACAD's management is motivated to remedy this huge issue. However.... 2. **FDA might take a very long time to approve.** We all know time is money, so if this takes too long, then we might see a prolonged depression in share price. 3. **Some analysts believe that, in the past, similarly worded letters from FDA result in rejection, and are skeptical about ACAD's application getting approved.** **Potential Uncertainty** 1. **Can't see any insider share disposition.** If insiders sell, then it's probably time to skip this stock or cut losses.
Hello WSB OG's it is I, Mr. Poopy Butthole, WSBOG's self renowned oil bull with your post OPEC update. So, It seems that the tipping of Saudi's cards back in January was correct, and now they have laid their entire hand on the table for everyone to see. Saudi wants to come out of this dip cost forward and see oil prices increase on the year. Yayyy!!! We won!!! Agreed, we have crushed it all year, however we still have some room to go. It's not a matter of if,but when we see $70 dollar WTI and possibly beyond. Some evidence for my thesis and things I will be looking at. 1) Summer travel. Distillate fuel usage was up Feb from Jan meaning people want to get the fuck out. With mask mandates and general easing of Corona as herd immunity is reached along with more distribution of vaccines, people are dying to get out and away from all screaming kids and nagging wives. This cripples if we have another spread of Corona virus, but personally I feel as if majority of people are over it and don't care anymore. 2) Next OPEC meeting is April first, save for the market not crashing (entirely possible) we should see steady gains in equity pricing. Once meeting time comes around then, we are without a doubt going to see OPEC ease up on cuts. How much is it going to be? Who knows. But again, OPEC has made it very clear they want high oil prices, so as long as everyone plays ball and doesn't increase production, any builds on production we see won't bring the price below 60 or 65. Which brings me to my next point. 3) Rig count is going to be crucial to watch. If these dumb fucking American companies start bringing in more rigs OPEC will turn right around and flood us in to Oblivion. So it is important, that American Companies maintain focus on bringing value to shareholders and not increase CAPEX (looking at you Matador and EOG). Per Wood Mackenzie data (on my phone, just Google the edge Wood Mackenzie and it should pop up. It's a free and helpful newsletter), we have about 270 rigs running and 150 more rigs are needed to reverse the production decline the United States is in. Currently, we are averaging putting on 6 new rigs a week, so reaching this number will take 6 months. So please, for the love of God Oilfield, do not go on a sending spree. Positions: I mean, throw a dart and you'll probably be ok, a bunch of Companies are still massively undervalued from an EPS and EBITDA standpoint. I am focusing all my positions on Companies with high PDP (proven and developed acreage) and Companies with big non op positions. Obviously, your big mid majors and mega oil companies are good buys. I would warn against small shitty Companies (SD, literally no CAPEX, high water cut) and go for more of the proven big dogs. Too much risk even at these prices to be exposed to them. Also, OIL Companies...so no CHK,CRK, etc. Cheers oil bulls, have a fuckin day
Purchased a Walther PDP compact and wow 😭 german space magic is too damn good. 9.5/10
GTE- a hidden gem stock waiting to shoot up Current Price - $1 Target Price - $4.72 with a high of $5.5 ( Yahoo Finance Analysis) Caution - Also do your own DD before investing Gran Tierra Energy Inc, a company focused on oil exploration and production in Colombia and Ecuador, today announced the Company's 2020 year-end reserves as evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. ("McDaniel") in a report with an effective date of December 31, 2020 (the "GTE McDaniel Reserves Report") and an operational update. All dollar amounts are in United States ("U.S.") dollars and all reserves and production volumes are on a working interest before royalties ("WI") basis. Production is expressed in barrels ("bbl") of oil per day ("bopd") or bbl of oil equivalent ("boe") per day ("boepd"), while reserves are expressed in bbl, boe or million boe ("MMBOE"), unless otherwise indicated. All reserves values, future net revenue and ancillary information contained in this press release have been prepared by McDaniel and calculated in compliance with Canadian National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”) and the Canadian Oil and Gas Evaluation Handbook ("COGEH") and derived from the GTE McDaniel Reserves Report, unless otherwise expressly stated. The following reserves categories are discussed in this press release: Proved Developed Producing ("PDP"), Proved ("1P"), 1P plus Probable ("2P") and 2P plus Possible ("3P"). Commenting on Gran Tierra's 2020 year-end reserves, operational update and future plans, Gary Guidry, President and Chief Executive Officer of Gran Tierra, said: “Our teams in Colombia, Ecuador and Canada rose to meet the many challenges of 2020 through their diligent management of COVID-19 safety protocols and sharp focus on maintaining and increasing the value of our assets. As a result, we are pleased to announce significant reserve additions in both the PDP and 1P categories, despite our large reductions in capital investment during 2020. This achievement demonstrates that the Company's core conventional oil assets continue to show positive waterflood responses and low base decline rates. The advancement of our waterflooding efforts in the Acordionero, Costayaco and Moqueta oil fields has clearly allowed Gran Tierra to continue to convert Probable and Possible reserves into the Proved reserves categories. Even though we decided during 2020 to reduce capital spending, we believe the Company's excellent performance in terms of PDP and 1P reserves additions is a testament to the quality of our assets. With our strategy, we believe Gran Tierra is well-positioned for the resumption of prudent growth in 2021 and strong potential free cash flow1 generation. We have already increased production approximately 24% from our third quarter 2020 average, which we believe reflects the strength of our Proved reserves. Our 2021 capital budget of $130 to $150 million is a balanced, returns-focused program which prioritizes free cash flow generation over the rate of development, exploration and production growth, with investment primarily directed to the Acordionero and Costayaco oil fields. With a keen focus on further strengthening our balance sheet, we plan to direct free cash flow to ongoing debt reduction in 2021 and beyond. During fourth quarter 2020, Gran Tierra resumed development activities throughout our portfolio, including the ongoing well workover operations and the restart of development drilling at Acordionero. We also restarted workover operations at Costayaco and look forward to a planned initiation of development drilling in that field during second quarter 2021. We forecast 2021 average production of 28,000 to 30,000 bopd for the Company. Our 2021 plans are fully aligned with Gran Tierra's "Beyond Compliance Policy" which focuses on our commitments to environmental, social and governance ("ESG") excellence. Gran Tierra looks for significant opportunities and benefits to the environment and communities by voluntarily and proactively taking steps to protect the environment and provide social benefits because it is the right thing to do. In 2020, we also had our best safety year in the history of the Company. We believe that Gran Tierra successfully navigated the exceptional challenges of 2020 and are excited to return to an economically sound growth trajectory in 2021 and beyond, with a focus on free cash flow generation and debt reduction." -> During 2020, Gran Tierra achieved: Material PDP and 1P reserves additions, in particular at Acordionero, Costayaco and Moqueta, as a result of ongoing successful waterflooding operations PDP reserves replacement of 133% with PDP reserves additions of 11.0 MMBOE 1P reserves replacement of 100% with 1P reserves additions of 8.3 MMBOE Finding and development costs ("F&D") including future development costs ("FDC") of $5.06/boe on a PDP basis and $2.65/boe on a 1P basis F&D recycle ratios including FDC of 3.5 times (PDP) and 6.7 times (1P) Significant reserves additions at Acordionero: 7.1 MMBOE (PDP) and 2.6 MMBOE (1P) Despite a material reduction in the McDaniel's forecast oil price assumptions relative to one year ago (the average Brent oil price over the next 5 years in the GTE McDaniel Reserves Report is $54.04/bbl): Gran Tierra's 2020 year-end 1P NPV10 after tax decreased only 21% compared to 2019 year-end This performance was achieved in part due to large reductions in forecast operating costs based on the actual savings achieved by the Company in 2020 As of December 31, 2020, McDaniel estimates that Gran Tierra's total 1P undiscounted operating costs over the remaining life of the Company's fields are approximately 26% less than the McDaniel estimate as of December 31, 2019* Acordionero, Costayaco, Moqueta and Suroriente now represent 83% of Gran Tierra's 1P reserves and 78% of 2P reserves PDP reserves account for 55% of 1P reserves and 1P reserves account for 59% of 2P reserves, demonstrating the strength of the Company's reserves base and the potential future conversion of Probable reserves into 1P reserves and Proved Undeveloped reserves into PDP reserves Gran Tierra's mature waterflood assets, Costayaco and Moqueta, continued to grow and deliver value, with total reserves additions of 3.8 MMBOE (PDP) and 5.5 MMBOE (1P) FDC are forecast to be $312 million for 1P reserves and $565 million for 2P reserves Realized a 39% increase in 2P reserve life index to 17 years and a 51% increase in 1P reserve life index to 10 years
GTE- a hidden gem stock waiting to shoot up Current Price - $1 Target Price - $4.72 with a high of $5.5 ( Yahoo Finance Analysis) Caution - Also do your own DD before investing Gran Tierra Energy Inc, a company focused on oil exploration and production in Colombia and Ecuador, today announced the Company's 2020 year-end reserves as evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. ("McDaniel") in a report with an effective date of December 31, 2020 (the "GTE McDaniel Reserves Report") and an operational update. All dollar amounts are in United States ("U.S.") dollars and all reserves and production volumes are on a working interest before royalties ("WI") basis. Production is expressed in barrels ("bbl") of oil per day ("bopd") or bbl of oil equivalent ("boe") per day ("boepd"), while reserves are expressed in bbl, boe or million boe ("MMBOE"), unless otherwise indicated. All reserves values, future net revenue and ancillary information contained in this press release have been prepared by McDaniel and calculated in compliance with Canadian National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”) and the Canadian Oil and Gas Evaluation Handbook ("COGEH") and derived from the GTE McDaniel Reserves Report, unless otherwise expressly stated. The following reserves categories are discussed in this press release: Proved Developed Producing ("PDP"), Proved ("1P"), 1P plus Probable ("2P") and 2P plus Possible ("3P"). Commenting on Gran Tierra's 2020 year-end reserves, operational update and future plans, Gary Guidry, President and Chief Executive Officer of Gran Tierra, said: “Our teams in Colombia, Ecuador and Canada rose to meet the many challenges of 2020 through their diligent management of COVID-19 safety protocols and sharp focus on maintaining and increasing the value of our assets. As a result, we are pleased to announce significant reserve additions in both the PDP and 1P categories, despite our large reductions in capital investment during 2020. This achievement demonstrates that the Company's core conventional oil assets continue to show positive waterflood responses and low base decline rates. The advancement of our waterflooding efforts in the Acordionero, Costayaco and Moqueta oil fields has clearly allowed Gran Tierra to continue to convert Probable and Possible reserves into the Proved reserves categories. Even though we decided during 2020 to reduce capital spending, we believe the Company's excellent performance in terms of PDP and 1P reserves additions is a testament to the quality of our assets. With our strategy, we believe Gran Tierra is well-positioned for the resumption of prudent growth in 2021 and strong potential free cash flow1 generation. We have already increased production approximately 24% from our third quarter 2020 average, which we believe reflects the strength of our Proved reserves. Our 2021 capital budget of $130 to $150 million is a balanced, returns-focused program which prioritizes free cash flow generation over the rate of development, exploration and production growth, with investment primarily directed to the Acordionero and Costayaco oil fields. With a keen focus on further strengthening our balance sheet, we plan to direct free cash flow to ongoing debt reduction in 2021 and beyond. During fourth quarter 2020, Gran Tierra resumed development activities throughout our portfolio, including the ongoing well workover operations and the restart of development drilling at Acordionero. We also restarted workover operations at Costayaco and look forward to a planned initiation of development drilling in that field during second quarter 2021. We forecast 2021 average production of 28,000 to 30,000 bopd for the Company. Our 2021 plans are fully aligned with Gran Tierra's "Beyond Compliance Policy" which focuses on our commitments to environmental, social and governance ("ESG") excellence. Gran Tierra looks for significant opportunities and benefits to the environment and communities by voluntarily and proactively taking steps to protect the environment and provide social benefits because it is the right thing to do. In 2020, we also had our best safety year in the history of the Company. We believe that Gran Tierra successfully navigated the exceptional challenges of 2020 and are excited to return to an economically sound growth trajectory in 2021 and beyond, with a focus on free cash flow generation and debt reduction." -> During 2020, Gran Tierra achieved: Material PDP and 1P reserves additions, in particular at Acordionero, Costayaco and Moqueta, as a result of ongoing successful waterflooding operations PDP reserves replacement of 133% with PDP reserves additions of 11.0 MMBOE 1P reserves replacement of 100% with 1P reserves additions of 8.3 MMBOE Finding and development costs ("F&D") including future development costs ("FDC") of $5.06/boe on a PDP basis and $2.65/boe on a 1P basis F&D recycle ratios including FDC of 3.5 times (PDP) and 6.7 times (1P) Significant reserves additions at Acordionero: 7.1 MMBOE (PDP) and 2.6 MMBOE (1P) Despite a material reduction in the McDaniel's forecast oil price assumptions relative to one year ago (the average Brent oil price over the next 5 years in the GTE McDaniel Reserves Report is $54.04/bbl): Gran Tierra's 2020 year-end 1P NPV10 after tax decreased only 21% compared to 2019 year-end This performance was achieved in part due to large reductions in forecast operating costs based on the actual savings achieved by the Company in 2020 As of December 31, 2020, McDaniel estimates that Gran Tierra's total 1P undiscounted operating costs over the remaining life of the Company's fields are approximately 26% less than the McDaniel estimate as of December 31, 2019* Acordionero, Costayaco, Moqueta and Suroriente now represent 83% of Gran Tierra's 1P reserves and 78% of 2P reserves PDP reserves account for 55% of 1P reserves and 1P reserves account for 59% of 2P reserves, demonstrating the strength of the Company's reserves base and the potential future conversion of Probable reserves into 1P reserves and Proved Undeveloped reserves into PDP reserves Gran Tierra's mature waterflood assets, Costayaco and Moqueta, continued to grow and deliver value, with total reserves additions of 3.8 MMBOE (PDP) and 5.5 MMBOE (1P) FDC are forecast to be $312 million for 1P reserves and $565 million for 2P reserves Realized a 39% increase in 2P reserve life index to 17 years and a 51% increase in 1P reserve life index to 10 years
GTE- a hidden gem stock waiting to shoot up Current Price - $1 Target Price - $4.72 with a high of $5.5 ( Yahoo Finance Analysis) Caution - Also do your own DD before investing Gran Tierra Energy Inc, a company focused on oil exploration and production in Colombia and Ecuador, today announced the Company's 2020 year-end reserves as evaluated by the Company's independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. ("McDaniel") in a report with an effective date of December 31, 2020 (the "GTE McDaniel Reserves Report") and an operational update. All dollar amounts are in United States ("U.S.") dollars and all reserves and production volumes are on a working interest before royalties ("WI") basis. Production is expressed in barrels ("bbl") of oil per day ("bopd") or bbl of oil equivalent ("boe") per day ("boepd"), while reserves are expressed in bbl, boe or million boe ("MMBOE"), unless otherwise indicated. All reserves values, future net revenue and ancillary information contained in this press release have been prepared by McDaniel and calculated in compliance with Canadian National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”) and the Canadian Oil and Gas Evaluation Handbook ("COGEH") and derived from the GTE McDaniel Reserves Report, unless otherwise expressly stated. The following reserves categories are discussed in this press release: Proved Developed Producing ("PDP"), Proved ("1P"), 1P plus Probable ("2P") and 2P plus Possible ("3P"). Commenting on Gran Tierra's 2020 year-end reserves, operational update and future plans, Gary Guidry, President and Chief Executive Officer of Gran Tierra, said: “Our teams in Colombia, Ecuador and Canada rose to meet the many challenges of 2020 through their diligent management of COVID-19 safety protocols and sharp focus on maintaining and increasing the value of our assets. As a result, we are pleased to announce significant reserve additions in both the PDP and 1P categories, despite our large reductions in capital investment during 2020. This achievement demonstrates that the Company's core conventional oil assets continue to show positive waterflood responses and low base decline rates. The advancement of our waterflooding efforts in the Acordionero, Costayaco and Moqueta oil fields has clearly allowed Gran Tierra to continue to convert Probable and Possible reserves into the Proved reserves categories. Even though we decided during 2020 to reduce capital spending, we believe the Company's excellent performance in terms of PDP and 1P reserves additions is a testament to the quality of our assets. With our strategy, we believe Gran Tierra is well-positioned for the resumption of prudent growth in 2021 and strong potential free cash flow1 generation. We have already increased production approximately 24% from our third quarter 2020 average, which we believe reflects the strength of our Proved reserves. Our 2021 capital budget of $130 to $150 million is a balanced, returns-focused program which prioritizes free cash flow generation over the rate of development, exploration and production growth, with investment primarily directed to the Acordionero and Costayaco oil fields. With a keen focus on further strengthening our balance sheet, we plan to direct free cash flow to ongoing debt reduction in 2021 and beyond. During fourth quarter 2020, Gran Tierra resumed development activities throughout our portfolio, including the ongoing well workover operations and the restart of development drilling at Acordionero. We also restarted workover operations at Costayaco and look forward to a planned initiation of development drilling in that field during second quarter 2021. We forecast 2021 average production of 28,000 to 30,000 bopd for the Company. Our 2021 plans are fully aligned with Gran Tierra's "Beyond Compliance Policy" which focuses on our commitments to environmental, social and governance ("ESG") excellence. Gran Tierra looks for significant opportunities and benefits to the environment and communities by voluntarily and proactively taking steps to protect the environment and provide social benefits because it is the right thing to do. In 2020, we also had our best safety year in the history of the Company. We believe that Gran Tierra successfully navigated the exceptional challenges of 2020 and are excited to return to an economically sound growth trajectory in 2021 and beyond, with a focus on free cash flow generation and debt reduction." -> During 2020, Gran Tierra achieved: Material PDP and 1P reserves additions, in particular at Acordionero, Costayaco and Moqueta, as a result of ongoing successful waterflooding operations PDP reserves replacement of 133% with PDP reserves additions of 11.0 MMBOE 1P reserves replacement of 100% with 1P reserves additions of 8.3 MMBOE Finding and development costs ("F&D") including future development costs ("FDC") of $5.06/boe on a PDP basis and $2.65/boe on a 1P basis F&D recycle ratios including FDC of 3.5 times (PDP) and 6.7 times (1P) Significant reserves additions at Acordionero: 7.1 MMBOE (PDP) and 2.6 MMBOE (1P) Despite a material reduction in the McDaniel's forecast oil price assumptions relative to one year ago (the average Brent oil price over the next 5 years in the GTE McDaniel Reserves Report is $54.04/bbl): Gran Tierra's 2020 year-end 1P NPV10 after tax decreased only 21% compared to 2019 year-end This performance was achieved in part due to large reductions in forecast operating costs based on the actual savings achieved by the Company in 2020 As of December 31, 2020, McDaniel estimates that Gran Tierra's total 1P undiscounted operating costs over the remaining life of the Company's fields are approximately 26% less than the McDaniel estimate as of December 31, 2019* Acordionero, Costayaco, Moqueta and Suroriente now represent 83% of Gran Tierra's 1P reserves and 78% of 2P reserves PDP reserves account for 55% of 1P reserves and 1P reserves account for 59% of 2P reserves, demonstrating the strength of the Company's reserves base and the potential future conversion of Probable reserves into 1P reserves and Proved Undeveloped reserves into PDP reserves Gran Tierra's mature waterflood assets, Costayaco and Moqueta, continued to grow and deliver value, with total reserves additions of 3.8 MMBOE (PDP) and 5.5 MMBOE (1P) FDC are forecast to be $312 million for 1P reserves and $565 million for 2P reserves Realized a 39% increase in 2P reserve life index to 17 years and a 51% increase in 1P reserve life index to 10 years