Gran Tierra EnergyGTE
GTE
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
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,255% more call options, than puts
Call options by funds: $5.21M | Put options by funds: $384K
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
9% more funds holding
Funds holding: 67 [Q2] → 73 (+6) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0.69% less ownership
Funds ownership: 36.27% [Q2] → 35.59% (-0.69%) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 22
39% less capital invested
Capital invested by funds: $113M [Q2] → $68.9M (-$44.6M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for GTE.
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Gran Tierra Energy Inc. Announces Closing of Strategic Joint Venture Transaction and Partnership with Logan Energy Corp. to Accelerate Value in High-Impact Canadian Montney Oil Play
CALGARY, Alberta, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce that Gran Tierra (by way of its wholly-owned subsidiary) has completed its previously announced strategic joint venture transaction and partnership (the “Transaction”) with Logan Energy Corp. (“Logan”) (TSXV:LGN). Pursuant to the Transaction, Gran Tierra and Logan entered into a purchase and sale agreement whereby Logan acquired a 50% working interest and operatorship of a portion of Gran Tierra's Simonette Montney assets (the “Assets”) for approximately C$52 million in cash, subject to customary adjustments. Gran Tierra will retain the remaining 50% working interest in the Assets.
Positive
Seeking Alpha
2 weeks ago
Gran Tierra Energy: Links With Trafigura And New Oil Discovery Make It A Buy
Gran Tierra Energy Inc. appears significantly undervalued, with proven reserves and free cash flow growth suggesting a strong buy opportunity. Recent discoveries in Ecuador and a joint venture with Logan Energy could boost production and attract new investors. The acquisition of i3 for $225.4 million and links with Trafigura highlight GTE's growth potential and undervaluation.
Neutral
GlobeNewsWire
1 month ago
Gran Tierra Energy Inc. Announces Exploration Success in Ecuador and Strategic Joint Venture Transaction and Partnership to Accelerate Value in High-Impact Canadian Montney Oil Play with Logan Energy Corp.
CALGARY, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to report that another significant milestone has been achieved in Ecuador with a seventh successful oil discovery further confirming the significant potential of the Arawana / Zabaleta field area. In addition, we are excited to announce that Gran Tierra (by way of its wholly-owned subsidiary) has entered into a purchase and sale agreement with Logan Energy Corp. (“Logan”) (TSXV:LGN) pursuant to which Logan would acquire 50% and operatorship of a portion of Gran Tierra's Simonette Montney assets (the “Assets”) for approximately C$52 million in cash, subject to customary adjustments. After the closing of the Transaction, Gran Tierra would retain 50 percent working interest in the Assets. The Transaction provides a growth-focused platform to advance Gran Tierra's Montney development and is aligned with the Company's corporate strategy of long-term value creation. All dollar amounts are in Canadian dollars, and production amounts are on an average working interest (“WI”) before royalties basis unless otherwise indicated. Per barrel (“bbl”) and bbls of oil equivalent per day (“BOEPD”) amounts are based on WI sales before royalties.
Neutral
Seeking Alpha
1 month ago
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.
Neutral
GlobeNewsWire
1 month ago
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.
Neutral
GlobeNewsWire
1 month ago
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.
Neutral
GlobeNewsWire
2 months ago
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.
Neutral
GlobeNewsWire
2 months ago
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.
Neutral
GlobeNewsWire
2 months ago
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”).
Positive
Seeking Alpha
3 months ago
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.
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