Seeking Alpha
Editor's notes: LatAm expert Caiman Valores, who called Petrominerales' move, says GTE still has a ways to go to reach fair value. Continued strong performance and stabilization in Colombia suggest 30% upside.

It has been a tough year for small-cap oil explorers and producers, with the price of crude gyrating significantly on the back of concerns over the direction of demand for energy and ongoing conflict in the Middle-East. This has seen many investors become averse to taking the lunge into the small-cap E&P sector. But one small-cap E&P play stands out as being undervalued is Canadian domiciled Gran Tierra Energy (GTE). At this time, Gran Tierra, despite seeing its share-price spike by almost 25% for the year-to-date, is still offering potential upside of over 30% and is trading with some compelling valuation metrics. This will potential be realized for investors over the next year as a range of...

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