GTE

Gran Tierra Energy Inc.

Energy First-pass screen £229m

240/1000 Overall fit

AI beneficiary 35% 12

Operating leverage 25% 25

Valuation 25% 30

Downside protection 15% 38

First-pass take

Non-AI cleantech turbine-efficiency company in cyclical power/oil-gas markets. Loss-making (US$5.9m), negative operating cash flow, Q4 2009 cash crisis requiring shareholder bailout, moved to net debt. No evidence of operating leverage despite 5.5% revenue growth and heavy capex.

Flags

non-ai-beneficiaryloss-makingnegative-operating-cash-flowcash-crisiscyclicalcustomer-concentrationno-valuation-data