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Gran Tierra Energy Ord Shs T.GTE

Alternate Symbol(s):  GTE

Gran Tierra Energy Inc. is an independent international energy company. The Company is focused on international oil and natural gas exploration and production with assets in Colombia and Ecuador. The Company has interests in approximately 22 blocks in Colombia, three blocks in Ecuador, and is the operator of 24 of these blocks. Its assets in Colombia represent approximately 97% of its production with oil reserves and production located in the Middle Magdalena Valley (MMV) and Putumayo Basin. In MMV, the Company’s field is the Acordionero field, where it produces approximately 17-degree American Petroleum Institute (API) oil, which represents 52% of total company production. The Putumayo production is approximately 27-degree API for Chaza Block and 18-degree API for Suoriente Block, representing 25% and 13% respectively, of total company production. It also has production base in Canada's hydrocarbon region, the Western Canadian Sedimentary Basin and appraisal assets in the North Sea.


TSX:GTE - Post by User

Bullboard Posts
Comment by maldwynon Jun 10, 2019 1:46pm
71 Views
Post# 29812429

RE:RE:NCIB suspended until July 12th

RE:RE:NCIB suspended until July 12thI would have thought 52 week lows were where you would want to be exercising your NCIB, unless they really have no confidence going forward. The other thing is I guess they have effectively traded in 5% debt for longer term 7.5 % debt and gotten rid of the conversion provision, so in a sense they are more levereged than they were (higher debt obligations, less potential dilution). If oil cooperates that could certainly pay off, but right now it isn't.
Bullboard Posts