Gran Tierra Energy Ord Shs T.GTE

Alternate Symbol(s): GTE

Energy Oil & Gas E&P

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

Gran Tierra Energy Ord Shs > Well guys and gals, BECAUSE

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Comment by downwithdotcom1on Aug 22, 2024 10:47am

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Post# 36191742

RE:Well guys and gals, BECAUSE

let me RETORT: GTE shareholder value has gone from a high of $70+ to where it is today of $10 under this management team/CEO - literally, a billion dollars of debt to raise/sustain production with little thought for a plan of shareholder return of capital. The story is a bit convoluted, but its all there including the disaster 10:1 share consolidation, the near giving away of Petrotal minority position (its tripled since it was sold) and the list goes on. Yes, there alot of disgruntled GTE shareholders AND WITH GOOD REASON. I say you may need to be educated on this subject as well...WORST MANAGEMENT TEAM EVER!!! dwdc

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