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Fly News Breaks for February 10, 2017
GTE
Feb 10, 2017 | 08:29 EDT
As previously reported, Credit Suisse analyst David Phung upgraded Gran Tierra to Outperform from Neutral as the repositioning of the portfolio appears largely complete, with base production that is growing via development, and a material exploration portfolio concentrated in proven basins with stacked potential. Additionally, the analyst notes that the disappointing well results led to a downdraft in the stock, which he views as an opportunity to gain exposure to meaningful exploration upside potential at a relatively attractive valuation.
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