Gran Tierra Energy Ord Shs GTE

Well guys and gals, BECAUSE

[coolfooldumbguy]

Your board of directors are smart guys.As a long time and big time shareholder of ITE stock,you guys should be so lucky as to get this company at bargain basement prices.So without delay,let this wise old guy tell you guys the story,so you guys,listen and learn : I3energy is about producing a big amount of oil and gas from the western sedimentary basin and you will be doubling your production right away and you will be tripling it in the future years with this acquisition.This is because the 200 or so drilling spots that you will be doing on these properties are low cost and long time wells which were acquired by this company years ago,by the way,at bargain basement prices from Cenovus Energy,which is a great company on the TSE.It was forced to sell them since it had too much debt at the to!a of low oil prices and the guys at I3energy were shrewd bargain hunters at the time,so that they picked up these properties with cash and shares.You guys are getting to buy I3energy for about a third of its value,which is about the .70 cents per share mark,O.K. guys.So you guys should probably due more research about the oil and gas sector in Alberta,specifically Calgary.With this acquisition you will be going up big time,so good luck to all you shareholders because you will be well rewarded.

[Hugo1947]

I agree with this guy, I started buying ITE about 2 years ago. And with that 10% dividend I have never looked back. The current President is a very smart man and knows his oil. I was planning on holding my shares for a very, very long time as a nice retirement egg. Now that GTE has bought it, I am concerned as to getting anymore dividends because, like some of you, I also own GTE shares that have

[downwithdotcom1]

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

[monte8]

Couldn’t agree with you more downwithdotcom1! Disgruntled GTE shareholder! Am I understanding correctly with i3 Energy that as at 30/6/24, the number of shares in issue was 1,202,447,663. Wow! That’s a lot of shares. Gran Tierra paid a heck of a lot for this acquisition and also, the i3 Energy shareholders entitlement is confusing as follows: Under the terms of the Acquisition, each

[Suppe11]

They bought back shares, to dilute even more now, that was the return of capital. Imho one of the worst acquisitions, I've ever seen in the oil patch. They spend close to the own market cap, to buy 20k boe (50% Ng), with zero obvious synergies, beside that they're bored in their Canadian office and tired to make voyages into the jungle. I guess the I3 free cashflow can barely cover the

[monte8]

Guidry is going to go ahead with the acquisition of i3 Energy as backed by the Board Members as he couldn’t care less of the concerns by the retail investors, as he’s shown many times.   Since 1 January 2023 Gran Tierra has purchased approximately 11 per cent. of its Gran Tierra Shares outstanding from free cash flow and, really this had not done anything to increase the share price until

[Suppe11]

"Energy has guided to 2024 from its Canadian assets with exit rate guidance of 20,250 – 21,250 BOEPD (100 per cent. Oil)." Only in your dreams. Production mix is 50% oil. Revenue was 40m with something like 18k bpd instead of 113 m (on a pure oil basis $70)

[monte8]

Further on GTE's aquisition of i3 Energy from Oilman Jim's Letter - August 25, 2024. Gran Tierra Energy (GTE GTE.TSX GTE.L G1P0.F) and i3 Energy (I3E.L ITEEF ITE.TSX I32.F) announced they have reached agreement on the terms of a recommended and final cash and share offer by Gran Tierra for i3 Energy pursuant to which Gran Tierra will acquire the entire issued and to be