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Bullboard - Stock Discussion Forum 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... see more

TSX:GTE - Post Discussion

Gran Tierra Energy Ord Shs > How much debt …
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Post by Frank007 on Oct 06, 2024 7:13pm

How much debt …

Any idea how much debt they are into now ?    9.5% is not cheap money ...wonder what's left over for shareholders ?
Comment by monte8 on Oct 07, 2024 3:35pm
Hey Frank007, so Gran, Tierra previously had outstanding US$587,590,000 aggregate principal amount of 9.500% Senior Secured Amortizing Notes due 2029. Now with the added $150 million, that will be $737,590,000 total in debt at 9.50% due 2029. That’s just under ¾ of a billion dollars.         Immagine that!    
Comment by Frank007 on Oct 07, 2024 6:36pm
how is the balance sheet asset base to debt?that is a lot of debt to service for such a small company !
Comment by monte8 on Oct 08, 2024 10:31am
Frank007, please take a look at the latest  Gran Tierra Energy Inc., Quarterly Report, Q2 Period Ended June 30, 2024.   Here is the hyperlink: https://www.grantierra.com/content/uploads/2024/07/2024.06.30-10Q.pdf   In Page 5 look under: LIABILITIES AND SHAREHOLDERS’ EQUITY As at June 30, 2024 Long-Term Liabilities Long-term debt $582,069,000   in Page ...more