There's nothing particularly new about referring to Calgary as Canada's version of Houston. After all, it's home to an array of large and small energy companies, including Suncor
But Calgary's also the headquarters of Gran Tierra Energy
Along with early success in the search for hydrocarbons and its somewhat unusual geographic orientation, Gran Tierra is characterized by a strong preference for operating its own projects. For instance, in Argentina, it has eight properties in the Noroeste Basin and is the operator for seven. In Peru, it's the operator of both its license areas. And in Colombia, it operates all nine of its interests.
But has it done so successfully? It is a bit too soon to call. Sure, the revenue, income, and production were up by nice percentages last quarter. But we're still talking about net production of just 3,400 barrels a day. Therefore, it looks like a promising young'un, but we'll just have to wait till it fills out before we'll know for sure.
I do think it's important that the company's management team has experience in many of the world's major producing areas, and with a host of operators, including EnCana
For related Foolishness:
For three energy stocks Motley Fool analysts believe will profit from "The Next American Oil Boom," check out our brand-new free report. You'll get the stock ideas from top analysts, plus some straight talk on our oil "crisis." Click here for access -- it's free!
Fool contributor David Lee Smith doesn't own shares in any of the companies mentioned. He does, however, urge you to email your questions or comments. Petrobras is a Motley Fool Income Investor recommendation. The Fool has a disclosure policy that has been checked out on all the continents.