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Gran Tierra Energy Inc A 19.5% Better Bargain Than When Macey Bought

By Energy Stock Channel Staff, Tuesday, November 22, 3:37 PM ET
Play Video: One Reason For Insiders to Buy

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 31, Gran Tierra Energy Inc's Director, Gerald Joseph Macey, invested $141,748.15 into 20,000 shares of GTE, for a cost per share of $7.09. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Tuesday, bargain hunters could buy shares of Gran Tierra Energy Inc (AMEX:GTE) and achieve a cost basis 19.5% cheaper than Macey, with shares changing hands as low as $5.70 per share. Gran Tierra Energy Inc shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of GTE shares, versus its 200 day moving average:

Gran Tierra Energy Inc Chart

Looking at the chart above, GTE's low point in its 52 week range is $4.20 per share, with $9.64 as the 52 week high point that compares with a last trade of $5.73. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/31/2011 Gerald Joseph Macey Director 20,000 $7.09 $141,748.15

According to the ETF Finder at ETF Channel, GTE makes up 4.88% of the Colombia ETF (AMEX:COLX) which is trading lower by about 2.6% on the day Tuesday.

See what other ETFs contain GTE
See what other stocks are held by COLX

GTE operates in the Oil & Gas Exploration & Production sector.


The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.

This Article's Word Cloud:   AMEX   Bargain   COLX   Channel   Director   Energy   Gerald   Gran   Joseph   Macey   Share   Tierra   Trial   Tuesday   about   asset   below   buying   cash   changing   chart   cost   designed   earned   expect   hunters   insider   last   makes   many   only   other   performance   point   portfolio   program   reason   share   shares   stock   stocks   that   their   there   this   trading   week   what   which   with

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