Gran Tierra Energy Ord Shs GTE

Gran Tierra Energy Inc. Granting of Exemptive Relief

[Betteryear2]

CALGARY, Alberta, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that it has obtained an exemption order from the Canadian securities regulators which permits Gran Tierra to purchase up to 10% of its “public float” (within the meaning of the rules of the Toronto Stock Exchange (the “TSX”)) of shares of common stock (the “Shares”) through the NYSE American (the “NYSE”) and other trading systems based in the United States (together with the NYSE, the “U.S. Markets”) as part of Gran Tierra’s normal course issuer bids announced on October 31, 2023. Absent this exemptive relief, Gran Tierra’s purchases under a normal course issuer bid on markets other than the TSX would be limited to not more than 5% of its outstanding Shares over any 12-month period. A substantial majority of the trading volume of Gran Tierra’s Shares occurs through the U.S. Markets.

Gran Tierra Energy Inc. Announces Granting of Exemptive (globenewswire.com)

[monte8]

Hopefully the purchase of up to 10% of its public float can increase the shareholders value.  The current purchase % has not made any change in shareholders value since start in the last two years. Some of the questions raised by the brokrages were sort of dry (i.e., reserves on specific and exploration, etc.) none on when turning to profitability, dividens, basically providing the value to

[Frank007]

Profit ...this company is profitable right now .....they bought back 7% of the shares last year ....factor that into the financial and you should be able to see the future ....the stock has the crooked bankers keeping it down to shake you out of your position ....with Brent trading here ....and the buy backs expect at least another 25% return on your investment this year .....