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Gran Tierra Energy Inc - GTE STOCK NEWS

Welcome to our dedicated news page for Gran Tierra Energy (Ticker: GTE), a resource for investors and traders seeking the latest updates and insights on Gran Tierra Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gran Tierra Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gran Tierra Energy's position in the market.

News
Gran Tierra Energy Inc. Announces Normal Course Issuer Bid and Automatic Share Purchase Plan
Rhea-AI Summary
Gran Tierra Energy Inc. has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid (NCIB) for its common stock. The bid allows the company to purchase up to 3,234,914 shares, representing 10% of the public float, over a one-year period. Gran Tierra has also implemented an Automatic Share Purchase Plan (ASPP) to facilitate purchases during regulatory restrictions and blackout periods. The brokerage firm Eight Capital will administer the ASPP. The company believes that the purchase of shares will increase their value and reflect Gran Tierra's current operations, growth prospects, and financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.37%
Tags
none
-
News
Gran Tierra Energy Inc. Announces Third Quarter 2023 Results Including the Highest Production Since the Second Quarter of 2019, Net Income of $7 Million and $36 Million of Free Cash Flow
Rhea-AI Summary
Gran Tierra Energy Inc. reported its financial and operating results for Q3 2023. Total average WI production increased by 12% compared to one year ago, reaching 33,940 BOPD, the highest quarterly average since Q2 2019. Net income for the quarter was $7 million, compared to a net loss of $11 million in the prior quarter. Adjusted EBITDA was $119 million, up from $97 million in the prior quarter. The company also announced the issuance of new senior secured amortizing notes, improving its balance sheet and reducing overall leverage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.37%
Tags
earnings
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News
Gran Tierra Energy Inc. Announces Appointment of Chief Operating Officer
Rhea-AI Summary
Gran Tierra Energy Inc. announces the appointment of Sebastien Morin as Chief Operating Officer (COO). Mr. Morin has a proven track record and will focus on continuous improvement and optimization of capital investments and operating costs. He will be leading the functional integration of asset management plans to achieve optimum value for all company assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.37%
Tags
management
News
Gran Tierra Energy Inc. Provides Release Date for its 2023 Third Quarter Results and Details of Conference Call and Webcast
Rhea-AI Summary
Gran Tierra Energy Inc. will release its 2023 third quarter financial and operating results on October 31, 2023. The company will host a conference call on November 1, 2023, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.28%
Tags
earnings
-
News
Gran Tierra Energy Inc. Announces Issuance of New 9.500% Senior Secured Amortizing Notes Due 2029 as part of the Previously Announced Exchange Offers
Rhea-AI Summary
Gran Tierra Energy Inc. has successfully completed its Exchange Offers, issuing $487,590,000 aggregate principal amount of its 9.500% Senior Secured Amortizing Notes due 2029. The Exchange Offers provide benefits such as an extension of maturity, financial flexibility, strengthened balance sheet, enhanced liquidity, positive rating agency view, and retaining a supportive bondholder base.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.11%
Tags
none
-
News
Gran Tierra Energy Inc. Announces Expiration and Final Results for the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures
Rhea-AI Summary
Gran Tierra Energy announces expiration and results of exchange offers for senior notes
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
News
Gran Tierra Energy Inc. Announces Early Participation Deadline Results for the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures
Rhea-AI Summary
Gran Tierra Energy Inc. announced early participation results of its Exchange Offers for outstanding senior notes. 91.04% of the 6.250% Senior Notes due 2025 and 91.41% of the 7.750% Senior Notes due 2027 have been tendered for exchange. Proposed amendments include the elimination of restrictive covenants and events of default. Settlement of the Exchange Offers is expected on October 20, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
none
-
News
Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures
Rhea-AI Summary
Gran Tierra Energy announces exchange offers for outstanding senior notes due 2025 and 2027
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
none
-
News
Gran Tierra Energy Inc. Announces Effectiveness of Continuation Agreement for Suroriente Block
Rhea-AI Summary
Gran Tierra Energy Inc. has satisfied all conditions precedent to the effectiveness of the Suroriente Continuation Agreement with Ecopetrol S.A., allowing the duration of the contract for the Suroriente Block to be extended for 20 years from September 1, 2023. Gran Tierra commits to a capital investment program of $123 million over a three-year period, funded by internal cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
none
News
Gran Tierra Energy Inc. Announces Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.59%
Tags
earnings
Stock GTE logo
Gran Tierra Energy Inc

NYSE:GTE

GTE Rankings

#3520 Ranked by Market Cap
#4776 Ranked by Stock Gains
N/A Ranked by Dividends

GTE Stock Data

263.48M
29.15M
2.83%
34.16%
1.97%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Calgary

About GTE

gran tierra energy is an independent international energy company engaged in oil and gas acquisition, exploration, development and production. we are strategically focused on onshore oil and gas properties in colombia. headquartered in calgary, canada we are publically listed on the new york stock exchange and the toronto stock exchange under the ticker symbols gte. our strategic approach is focused on growth and value creation, re-positioning ourselves for future success as the preeminent independent producer in colombia. gran tierra believes in partnering with the communities in which it operates, and the company is intensely proud of its shared value, sustainable community and social responsibility programs. gran tierra energy es una compañía de energía internacional independiente dedicada a la adquisición, exploración, desarrollo y producción de petróleo y gas. estamos enfocados estratégicamente en propiedades on-shore de petróleo y gas en colombia. con sede en calgary, canadá, cot