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Ecuador’s oil and gas industry is on track for a busy year of privatization and E&P contract overhauls in 2022 as President Guillermo Lasso seeks to open up the heavily indebted Andean country to foreign investment. Lasso’s new center-right government, which has set out to reform Ecuador’s Hydrocarbons Law, aims to sell off all of ...
Image source: Getty Images Gran Tierra Energy(TSX:GTE)(NYSE:GTE) is a company focused on oil and gas exploration and production in Colombia and Ecuador. The company’s Colombian properties represents 95% of revenue. Gran Tierra Energy was incorporated in the state of Nevada. Attractive valuation The company has a price-to-book ratio of 1.44 and market capitalization of $436 million. Debt is very high at GTE, as evidenced by a debt-to-equity ratio of 2.58. The company has depressed performance metrics with an operating margin of (22.17)% and a return on equity of (107.41)%...
Premium Content Ecuador Scrambles To Clean Up Its Oil Industry By Matthew Smith - Jan 06, 2021, 1:00 PM CST The last year was difficult for Ecuador’s beaten-down hydrocarbon sector. Aside from the severe fallout from the COVID-19 pandemic and sharply weaker oil prices, the industry was rocked by yet another corruption scandal and a series of environmental disasters. Those events sharply impacted oil production, will deter urgently required investment and spark greater dissent among Ecuador’s indigenous communities. Like southern neighbor Peru, most of the equatorial country’s...