Standpoint Downgrades Gran Tierra Energy (GTE)

Standpoint Research has downgraded Gran Tierra Energy (AMEX: GTE) from a Buy to a Hold. Standpoint recommended this name on June 4, 2009, and the stock has climbed 68% since since then compared to a 12% increase in the S&P 500. The shares are currently trading at $5.41 on the American Stock Exchange.

Gran Tierra Energy Inc. (GTE) is an independent energy company engaged in oil and gas exploration, development and production. The Company owns oil and gas properties in Colombia, Argentina and Peru.