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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

Post by downwithdotcom1on May 03, 2022 9:50pm
443 Views
Post# 34653522

2022 Q1 results...

2022 Q1 results...looks like a MISS on Q1 earnings-reported was 0.04 , consensus was 0.07.. volumes , cash flow were decent-still issues with FCF-nothing said about RETURN OF CAPITAL to shareholders as yet..maybe on the CC?? WORST management ever!!! failing to embrace what just about every other company is doing in this sector - you can equally pay down debt and reward shareholders at the same time- if not at these prices THEN WHEN???? initial market reaction: down 8% in after hours trading... repeated message -  great for a trade and thats it until current management is replaced...dwdc
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