Gran Tierra Energy
GTE
Market cap $233M

6.38 USD

-0.31

4.63%

At close Nov 8, 4:00 PM EST

After hours

6.38

+0.00

0.00%

1 day

-4.63%

5 days

-1.85%

1 month

-0.31%

3 months

-18.52%

6 months

-31.18%

Year to date

13.12%

1 year

4.93%

5 years

-39.24%

About: Gran Tierra Energy Inc is an independent energy company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties. The firm produces light crude oil, supplemented with medium crude and natural gas. Gran Tierra holds interests in producing and prospective properties in Colombia and prospective properties in Ecuador. The company derives its revenue from Colombia.

Employees: 351

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,759 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

995% more call options, than puts

Call options by funds: $10.3M | Put options by funds: $943K

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

71% more capital invested

Capital invested by funds: $66.1M [Q1] → $113M (+$47.2M) [Q2]

14% more funds holding

Funds holding: 58 [Q1] → 66 (+8) [Q2]

7.58% more ownership

Funds ownership: 28.62% [Q1] → 36.2% (+7.58%) [Q2]

35% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 23

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Research analyst outlook

We haven’t received any recent analyst ratings for GTE.

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Financial journalist opinion

Based on 5 articles about GTE published over the past 30 days

Gran Tierra Energy Inc. (GTE) Q3 2024 Earnings Call Transcript

Call Start: 11:00 January 1, 0000 11:24 AM ET Gran Tierra Energy Inc. (NYSE:GTE ) Q3 2024 Earnings Conference Call November 04, 2024 11:00 AM ET Company Participants Gary Guidry – President and Chief Executive Officer Ryan Ellson – Executive Vice President and Chief Financial Officer Sebastien Morin – Chief Operating Officer Conference Call Participants Greg Pardy – RBC Capital Markets Anne Milne – Bank of America Peter Bowley – Jefferies LLC Alejandra Andrade – JPM Operator Good morning, ladies and gentlemen, and welcome to the Gran Tierra Energy's Results Conference Call for the Third Quarter 2024. My name is Shannon, and I will be your coordinator for today.

Gran Tierra Energy Inc. (GTE) Q3 2024 Earnings Call Transcript

Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan

CALGARY, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of October 31, 2024, there were 36,460,141 Shares issued and outstanding and the public float was 35,458,717 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 3,545,872 Shares, representing 10% of the public float, at prevailing market prices at the time of purchase, through the facilities of the TSX, the NYSE American (the “NYSE”) or alternative trading platforms in Canada or the United States, if eligible, or by such other means as may be permitted by the TSX, the NYSE and applicable securities laws for a one year period commencing on November 6, 2024 and ending on November 5, 2025. Gran Tierra has also entered into an Automatic Share Purchase Plan (the “ASPP”) in connection with the Bid. The ASPP is intended to allow for the purchase of Shares under the Bid when Gran Tierra would ordinarily not be permitted to purchase Shares due to regulatory restrictions and customary self-imposed blackout periods.

Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan

Gran Tierra Energy Inc. Reports Third Quarter 2024 Results and Announces its Sixth Consecutive Ecuador Oil Discovery from the Charapa-B7 Well

CALGARY, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) announced the Company's financial and operating results for the quarter ended September 30, 2024 (“the Quarter”). All dollar amounts are in United States dollars, and production amounts are on an average working interest (“WI”) before royalties basis unless otherwise indicated. Per barrel (“bbl”) and bbl per day (“BOPD”) amounts are based on WI sales before royalties. For per bbl amounts based on net after royalty (“NAR”) production, see Gran Tierra's Quarterly Report on Form 10-Q filed November 4, 2024.

Gran Tierra Energy Inc. Reports Third Quarter 2024 Results and Announces its Sixth Consecutive Ecuador Oil Discovery from the Charapa-B7 Well

Scheme of Arrangement for Acquisition of i3 Energy plc Becomes Effective

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) -- 31 October 2024 RECOMMENDED AND FINAL CASH AND SHARE ACQUISITION for i3 Energy plc ("i3 Energy") by Gran Tierra Energy Inc. ("Gran Tierra") to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006 SCHEME OF ARRANGEMENT BECOMES EFFECTIVE On 19 August 2024, the boards of directors of i3 Energy and Gran Tierra announced that they had reached agreement on the terms of a recommended and final cash and share acquisition of the entire issued, and to be issued, share capital of i3 Energy (the "Acquisition"). The Acquisition is being implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Scheme of Arrangement for Acquisition of i3 Energy plc Becomes Effective

Gran Tierra Energy Inc. Provides Release Date for its 2024 Third Quarter Results and Details of Conference Call and Webcast

CALGARY, Alberta, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2024 third quarter financial and operating results on Monday, November 4, 2024, before market open. Gran Tierra will host its 2024 third quarter results conference call on the same day, Monday, November 4, 2024, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time.

Gran Tierra Energy Inc. Provides Release Date for its 2024 Third Quarter Results and Details of Conference Call and Webcast

Gran Tierra Energy Inc.'s Acquisition of i3 Energy Approved by i3 Energy Shareholders

CALGARY, Alberta, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced that the shareholders of i3 Energy plc, a public limited company organized under the laws of England and Wales (“i3 Energy”), have approved Gran Tierra's previously announced acquisition of i3 Energy (the “Acquisition”).

Gran Tierra Energy Inc.'s Acquisition of i3 Energy Approved by i3 Energy Shareholders

Gran Tierra Energy: Not Without Risk, But A Large Margin Of Safety

Gran Tierra Energy has guided to $1.9bn cumulative free cash flow by 2029. My model suggests this is possible, especially factoring in the acquisition of i3 Energy plc. In less favourable oil price scenarios, it could still generate good free cash flow. The current market cap (~$200m) and EV (~$700m) mean it is deeply discounted if this guidance is anywhere close to correct.

Gran Tierra Energy: Not Without Risk, But A Large Margin Of Safety

Gran Tierra Energy: Still Undervalued Despite Lower Oil Prices

Gran Tierra remains undervalued despite lower oil prices. Gran Tierra's low production costs and increased capacity ensure profitability even if oil prices stay around $70/bbl. The acquisition of i3 Energy enhances GTE's scale, reduces risk, and boosts long-term growth prospects.

Gran Tierra Energy: Still Undervalued Despite Lower Oil Prices

Gran Tierra Energy: A Stellar Prospect With Significant Upside Potential

Gran Tierra Energy, a Canadian firm operating mainly in Colombia and Ecuador, announced a major acquisition in Canada, diversifying its portfolio and reducing political risks. GTE shares are undervalued, with a market cap of $196 million, strong cash flow, and manageable debt, presenting a compelling investment opportunity. The acquisition of i3 Energy plc will increase production to 50,000-54,000 boe/day and introduce natural gas to its portfolio, enhancing operational synergies.

Gran Tierra Energy: A Stellar Prospect With Significant Upside Potential

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