Latest news with #GranTierraEnergyInc
Yahoo
02-05-2025
- Business
- Yahoo
Gran Tierra Energy: Q1 Earnings Snapshot
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Gran Tierra Energy Inc. (GTE) on Thursday reported a loss of $19.3 million in its first quarter. The Calgary, Alberta-based company said it had a loss of 54 cents per share. The oil and natural gas company posted revenue of $170.5 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GTE at
Yahoo
18-04-2025
- Business
- Yahoo
Why Gran Tierra Energy Inc. (GTE) Stock is Gaining This Week
We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where Gran Tierra Energy Inc. (NYSE:GTE) stands against the other energy stocks. After finding itself right in the crosshairs of President Trump's global trade war, the energy industry itself has finally found some respite over the last week. At the time of writing this piece, the overall energy sector surged by more than 6% over the last five days, compared to gains of just around 0.9% by the wider market. After falling to a multi-year low, the Brent crude oil price has also increased by over 7.4% over the last five days and is now hovering just below the $68 mark. One sector that has benefited greatly from the escalating trade tensions between US and China is that of uranium. After President Trump ordered a probe into potentially imposing tariffs on critical mineral imports, including uranium, investors are piling in to acquire stakes in domestic uranium companies. The sector has also been a hot topic recently due to a renewed global interest in nuclear energy, which has emerged as a leading candidate to power the ongoing AI boom and its accompanying data centers. A great example is how America's all three leading cloud services companies signed deals last year to procure nuclear-powered energy. A pipeline snaking through a desert canyon, representing a energy's transport infrastructure. To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between April 9 and April 16, 2025. Following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period. At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Share Price Gains Between Apr. 9 – Apr. 16: 12.5% Gran Tierra Energy Inc. (NYSE:GTE) is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador. Gran Tierra Energy Inc. (NYSE:GTE) announced this week that it has established a new $75 million reserve-based lending facility through its subsidiary, Gran Tierra Energy Colombia GmbH. The new facility has a final maturity date in 36 months from the closing date and will help bolster the company's balance sheet during a period of high volatility. Moreover, it was recently revealed that Equinox Partners Investment Management LLC, a major shareholder in Gran Tierra Energy Inc. (NYSE:GTE), has further boosted its stake in the company by purchasing 58,609 shares of its stock, amounting to a total value of $248,062. Overall, GTE ranks 6th on our list of the energy stocks that gained the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GTE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
16-04-2025
- Business
- Globe and Mail
Gran Tierra Energy Inc. Announces New US$75 Million Credit Facility
CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ('Gran Tierra' or the 'Company') (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has, through its wholly owned subsidiary, Gran Tierra Energy Colombia GmbH, a Swiss limited liability company, entered into a reserve-based lending facility with commitments of up to US$75 million as of the date hereof (the 'closing date'). The new facility has a final maturity date in 36 months from the closing date. Ryan Ellson, Chief Financial Officer of Gran Tierra, commented today: 'We are very pleased to have successfully closed a new credit facility which enhances our liquidity and underscores the strength and resilience of our business. Securing this facility during a period of market volatility is a testament to the quality of our assets, the consistency of our cash flow generation, and the confidence our partners have in Gran Tierra's strategy. This facility supports our continued commitment to strengthening our balance sheet, enhancing operational flexibility, and delivering long-term value to all stakeholders.' Highlights of the new facility include: A commitment of US$75 million, redetermined annually (beginning May 1, 2026) Interest payable on the facility is based on a Term Secured Overnight Financing Rate plus a margin of 4.50% per annum Final maturity date of 36 months from the closing date All outstanding principal, interest, and other payment obligations are due on the maturity date with option to prepay without prepayment penalty The loan is secured by, among other things, the economic rights over certain contracts together with Gran Tierra's Colombian commercial establishment Contact Information For investor and media inquiries please contact: Gary Guidry President & Chief Executive Officer Ryan Ellson Executive Vice President & Chief Financial Officer +1-403-265-3221 info@ About Gran Tierra Energy Inc. Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company's portfolio. The Company's common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at Except to the extent expressly stated otherwise, information on the Company's website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@ or (403) 265-3221. Gran Tierra's filings with the U.S. Securities and Exchange Commission (the 'SEC') are available on the SEC website at The Company's Canadian securities regulatory filings are available on SEDAR+ at and UK regulatory filings are available on the National Storage Mechanism website at Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 or 'forward-looking information' within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this press release, and those statements preceded by, followed by or that otherwise include the words 'will,' 'would,' 'could,' 'should,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'project,' 'target,' 'goal,' 'guidance,' 'budget,' 'plan,' 'objective,' 'potential,' or similar expressions or variations on these expressions are forward-looking statements. The Company can give no assurances that the assumptions upon which the forward-looking statements are based will prove to be correct or that, even if correct, intervening circumstances will not occur to cause actual results to be different than expected. Because forward-looking statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by the forward-looking statements. There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from the forward-looking statements, including, but not limited to, the impact and benefits of the new credit facility and the crude oil sales contracts; the nature of the Company's relationship with Trafigura; the Company's cash flows and liquidity; and those factors set out in Part I, Item 1A, 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's other filings with the SEC. Although the Company believes the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Investors should not rely upon forward-looking statements as predictions of future events. The information included herein is given as of the date of this press release and, except as otherwise required by the securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to, or to withdraw, any forward-looking statement contained in this press release to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.
Yahoo
09-04-2025
- Business
- Yahoo
Gran Tierra Energy Inc. (GTE): Among Stocks Insiders Bought in April After Trump's Tariff Rollout
We recently published a list of . In this article, we are going to take a look at where Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) stands against other stocks that insiders bought in April after Trump's tariff rollout. President Donald Trump called April 2 a 'Liberation Day' after signing an executive order that imposed a minimum 10% tariff on all U.S. imports, with some exceptions. As a result, 57 countries will face higher tariffs ranging from 11% to 50%. While general tariffs took effect on April 5, the elevated rates are set to begin on April 9. These so-called 'reciprocal tariffs' triggered retaliation from trade partners and contributed to a decline in the stock market.' On Sunday, Trump said, 'I don't want anything to go down, but sometimes you have to take medicine to fix something,' as reported by CNBC. The blue-chip companies closed the Monday market session 0.91% lower, while the broader market index closed 0.23% lower after briefly entering bear market territory during the session. The Nasdaq Composite closed 0.10% higher. Amid these tariff wars and overwhelming market uncertainty, insider trading often comes to focus. Why? When executives buy stock, it can suggest confidence in the company's future. On the other hand, insider sales don't have to be a negative sign for the company, because they can reflect personal decisions or investment diversification. This means that insider trading should be considered alongside the company's financial health and market conditions. Today, we're focusing on stocks that insiders have been buying in April. Using Insider Monkey's insider trading screener, we identified companies where at least one insider acquired shares from April 2 to April 7. From this list, we ranked the top 20 stocks with the highest value of insider purchases. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A pipeline snaking through a desert canyon, representing a energy's transport infrastructure. Gran Tierra Energy is engaged in the exploration and production of oil and gas properties in Colombia, Canada, and Ecuador. GTE operates across three major regions, with its production consisting of 80% liquids and 20% gas, totaling about 47,000 barrels of oil equivalent per day (Boepd). The company has reserves valued at $3.6 billion, offering significant growth opportunities and long-term production potential. This month, one insider bought around $537,600 worth of Gran Tierra Energy shares at an average price of $4.80 per share. Currently, the stock trades at $3.81 per share, having declined 47.30% since the beginning of the year and 54.80% over the past 12 months. For the full year 2024, Gran Tierra reported a net income of $3.2 million or $0.10 per share (basic and diluted), compared to a net loss of $6.3 million, or $(0.19) per share (basic and diluted) in 2023. Adjusted EBITDA was $366.8 million, down 8% from $399.4 million in 2023. According to TipRanks, two analysts rate Gran Tierra Energy stock as a 'Moderate Buy' with a price target of $7.05 per share. The average price target suggests an 85.04% upside from the latest price. Overall, GTE ranks 19th on our list of stocks that insiders bought in April after Trump's tariff rollout. While we acknowledge the potential of GTE, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GTE but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Gran Tierra Energy Inc. Provides Release Date for its 2024 Fourth Quarter & Year End Results and Details of Conference Call and Webcast
CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ('Gran Tierra' or the 'Company') (NYSE American:GTE)(TSX:GTE)(LSE:GTE) announces that the Company will release its 2024 fourth quarter and year ended December 31, 2024, financial and operating results on Monday, February 24, 2025, before market open. Gran Tierra will host its conference call on the same day, Monday, February 24, 2025, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time and 4:00 p.m. Greenwich Mean Time. Interested parties may register for the conference call by clicking on this link. Please note that there is no longer a general dial-in number to participate, and each individual party must register through the provided link. Once parties have registered, they will be provided a unique PIN and call-in details. There is also a feature that allows parties to elect to be called back through the 'Call Me' function on the platform. Interested parties can also continue to access the live webcast from their mobile or desktop devices by clicking on this link, which is also available on Gran Tierra's website at An audio replay of the conference call will be available at the same webcast link two hours following the call and will be available until February 24, 2026. About Gran Tierra Energy Inc. Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company's portfolio. The Company's common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at Except to the extent expressly stated otherwise, information on the Company's website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@ or (403) 265-3221. Gran Tierra's filings with the U.S. Securities and Exchange Commission (the 'SEC') are available on the SEC website at The Company's Canadian securities regulatory filings are available on SEDAR+ at and UK regulatory filings are available on the National Storage Mechanism website at Contact Information For investor and media inquiries please contact: Gary GuidryPresident & Chief Executive Officer Ryan EllsonExecutive Vice President & Chief Financial Officer +1-403-265-3221, info@ in to access your portfolio
