I A Nearly 100% YTD return, but only following a 90% drawdown The reality is that both charts tell us something. The long-term chart tells us Gran Tierra Energy has been a dismal investment for anyone who has bought and held over long periods of time. But the YTD chart tells us that something may have changed and it may be time to investigate further. I've spent the last year studying this company, trying to understand if investors are correct in being so pessimistic, or if investors are simply ignoring the ...

Finding discounted opportunities greatly increases portfolio profits in the constantly changing world of stock investing. Here are the top three sleeper stocks. These three companies are steadily gaining ground and have the potential to develop significantly but most investors still need to discover them. Understanding the fundamentals of these sleeper stocks is important since they can yield significant profits before gaining market traction. These companies are vital due to their creative digital advertis ...

CALGARY, Alberta, May 28, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced an operational update. All dollar amounts are in United States dollars, and production amounts are on an average working interest before royalties ("WI") basis unless otherwise indicated. Per barrel ("bbl") and bbl of oil per day ("BOPD") amounts are based on WI sales before royalties. Message to Shareholders Gary Guidry, President and Chief Exec ...

bjdlzx Gran Tierra Energy (NYSE:GTE) is a company that has joined my list of companies that are reducing their debt in an effort to gain market acceptance of the balance sheet. This company did a reverse stock split in 2023. The reverse stock split was followed by a bond exchange to give the company time to build cash flow (particularly free cash flow). The debt exchange has resulted in higher interest expense. But it also gives the company time to convince the market that management is serious about the tu ...

In the dynamic world of investing, high-growth stocks can have an attraction that obscures other potentially valuable opportunities. Here are three underappreciated stocks that have the potential to rise by a staggering 1,000% by 2027. Generally, Wall Street is abuzz with talk about the latest hot selections, but these silent players are quietly building up the potential for huge profits.To begin with, the first one is notable for its strong financial performance, which includes increasing EBITDA, generatin ...

CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) --  Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced the voting results from the Company's annual meeting of stockholders held on May 2, 2024. Final Voting Results of Gran Tierra's Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted "FOR" the ratification of the appointment of KPMG LLP as Gran Tierra's independent registered publ ...

Financial Data and Key Metrics Changes - Gran Tierra delivered $74 million of funds flow, up 24% from Q1 2023, resulting in $2.34 of funds flow per share [12] - Adjusted EBITDA was $95 million for the quarter, up from $93 million in the prior quarter [19] - The twelve-month trailing net debt to adjusted EBITDA was 1.3 times and is expected to be less than one time by year-end [5] Business Line Data and Key Metrics Changes - Oil sales reached $158 million, up 9% from Q1 2023 due to higher sales volumes and lower differentials [13] - Total average working interest production was 32,242 barrels of oil per day, an increase of 3% over the prior quarter [21] - Operating netback was $35.37 per barrel, up 1% from Q1 2023 [6] Market Data and Key Metrics Changes - Brent averaged $81.76 per barrel, up 1% from the prior quarter [13] - The company's quality and transportation discounts per barrel narrowed to $15.36 from $18.45 in Q1 2023 [6] - Transportation expenses increased by 16% to $4.6 million compared to the prior quarter due to longer delivery distances [28] Company Strategy and Development Direction - The company is focused on its 2024 exploration campaign and the development of the Soriente block [12] - Gran Tierra has initiated a high-impact exploration program with the Arowana one well [25] - The company plans to continue optimizing water flood initiatives and new well completions to ramp up production [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational recovery following social disruptions, stating relationships have improved [43] - The company anticipates a reduction in operating expenses as workovers decrease and power generation costs decline [44] - Management is optimistic about the Arowana discovery, comparing it favorably to the Kohimbe field [35][46] Other Important Information - Gran Tierra repurchased approximately 1 million shares during the quarter, totaling 3.3 million shares since January 1, 2023 [14] - The company reported a cash balance of $127 million and net debt of $510 million as of March 31, 2024 [19] - Gran Tierra's gas-to-power projects generated approximately 70% of the total energy used in operations [41] Q&A Session Summary Question: Outlook for OpEx and transportation expenses - Management indicated that social disruptions were handled well, and they do not expect a recurrence, leading to improved operational efficiency [43] Question: Arowana discovery size and development timeline - Management stated that the Arowana field is expected to follow a similar development pattern to Kohimbe, with a potential of 50 wells [45] Question: Share buyback strategy - Management noted that the share price has improved but remains a good value for continued buybacks [50] Question: Power generation cost breakdown - Management clarified that 70% of power generation comes from gas, with the remainder from diesel and grid connections [51] Question: Timeline of protests - Management confirmed that the blockade lasted around ten days in March [63]

Gran Tierra Energy Inc. Announces First Quarter 2024 Results CALGARY, ALBERTA, May 1, 2024, Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE American:GTE) (TSX:GTE)(LSE:GTE) today announced the Company's financial and operating results for the quarter ended March 31, 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") ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34018 GRAN TIERRA ENERGY INC. (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware 98-0479924 ( ...

First Quarter 2024 Total Average WI Production of 32,242 BOPD, a 3% increase from Prior QuarterPositive Preliminary Results in the Arawana Exploration WellTotal Current(1) Average Production of Approximately 33,400 BOPDFunds Flow from Operations of $74 Million, Free Cash Flow of $19 Million and Adjusted EBITDA of $95 Million(2) CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ("Gran Tierra" or the "Company") (NYSE:GTE)(TSX:GTE)(LSE:GTE) today announced the Company's financial and o ...