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by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery added $1.07 to $53.88 on the New York Merc, while Brent for April added $1.10 to $56.80 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.40 to WTI ($40.48), unchanged. Natural gas for March added five cents to $3.17. The TSX energy index added a fraction to close at 202.84.

Colombia-focused Gran Tierra Energy Inc. (GTE) added nine cents to $3.43 on 7.17 million shares. It has slipped from over $4 at the start of the month, but is striving to climb back up as it squires analysts and investors around its operations. Site visits began yesterday and continued today, with about 50 confirmed attendees, according to a research note from TD Securities analyst Shahin Amini. He is expecting an "increase in attention to the company's investment thesis" as investors gaze upon "multiple runways for productive capital deployment."

Three apparent runways, namely the Acordionero, Costayaco and Moqueta oil fields, account for roughly four-fifths of Gran Tierra's production. They were contributing nearly 26,200 barrels of oil a day as of last week, out of total production of about 32,000 barrels of oil equivalent a day. This figure is below Gran Tierra's full-year 2017 guidance of 34,000 to 38,000 barrels a day, partly reflecting the fact that the company is "behind previous expectations" (as president and chief executive officer Gary Guidry put it) at Moqueta. Gran Tierra does not seem worried about staying behind for long. In a lengthy new presentation on its website, spanning 53 pages, Gran Tierra says it has "visibility" to total production of over 40,000 barrels a day in 2018.

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