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Last C$4.63 CAD
Change Today +0.03 / 0.65%
Volume 1.6M
As of 4:00 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

gran tierra energy inc (GTE) Snapshot

Open
C$4.72
Previous Close
C$4.60
Day High
C$4.80
Day Low
C$4.54
52 Week High
07/2/14 - C$8.69
52 Week Low
01/20/15 - C$2.58
Market Cap
1.3B
Average Volume 10 Days
1.7M
EPS TTM
C$-0.53
Shares Outstanding
276.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GRAN TIERRA ENERGY INC (GTE)

gran tierra energy inc (GTE) Related Businessweek News

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gran tierra energy inc (GTE) Details

Gran Tierra Energy Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2014, the company’s acreage comprised 3.4 million gross acres covering 16 exploration and production contracts in Colombia; 47,734 gross acres covering 7 exploration blocks in Brazil; and 5.7 million gross acres covering 5 exploration licenses in Peru. It also had total proved undeveloped reserves of 7.7 million barrels of oil equivalent (MMBOE), including 6.2 MMBOE in Colombia and 1.5 MMBOE in Brazil. The company was incorporated in 2003 and is headquartered in Calgary, Canada.

473 Employees
Last Reported Date: 03/2/15
Founded in 2003

gran tierra energy inc (GTE) Top Compensated Officers

Interim Chief Executive Officer and Interim P...
Total Annual Compensation: $428.6K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $417.7K
President of Gran Tierra Energy Peru
Total Annual Compensation: $278.2K
Vice President of Legal, General Counsel and ...
Total Annual Compensation: $380.2K
Compensation as of Fiscal Year 2014.

gran tierra energy inc (GTE) Key Developments

Gran Tierra And West Face Mulls Acquisitions

Gran Tierra Energy, Inc. (AMEX:GTE) and West Face Capital Inc. are seeking acquisitions. Thomas Dea, Partner of West Face Capital Inc. said, “We believe Gran Tierra is well positioned to create shareholder value through organic growth and smart acquisitions.”

Gran Tierra Energy, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year 2015

Gran Tierra Energy, Inc. announced unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's revenue and other income was USD 99,584,000 compared with USD 140,624,000 a year ago. Loss from continuing operations before income taxes was USD 227,188,000 compared with income from continuing operations before income taxes of USD 54,915,000 a year ago. Loss from continuing operations was USD 269,789,000 or USD 0.94 per basic and diluted share compared with income from continuing operations of USD 31,226,000 or USD 0.11 per basic and diluted share a year ago. Net loss and comprehensive loss was USD 269,789,000 or USD 0.94 per basic and diluted share compared with USD 12,465,000 or USD 0.04 per basic and diluted share a year ago. Net cash provided by operating activities was USD 68,821,000 compared with USD 171,774,000 a year ago. Additions to property, plant and equipment was USD 96,393,000 compared with USD 93,985,000 a year ago. Funds flow from continuing operations was USD 50,275,000 compared with USD 70,790,000 a year ago. For the year, the company's revenue and other income was USD 562,254,000 compared with USD 649,129,000 a year ago. Loss from continuing operations before income taxes was USD 17,134,000 compared with income from continuing operations before income taxes of USD 309,284,000 a year ago. Loss from continuing operations was USD 144,349,000 or USD 0.51 per basic and diluted share compared with income from continuing operations of USD 181,023,000 or USD 0.63 per diluted share a year ago. Net loss and comprehensive loss was USD 171,339,000 or USD 0.60 per basic and diluted share compared with net income and comprehensive income of USD 126,288,000 or USD 0.44 per diluted share a year ago. Net cash provided by operating activities was USD 208,660,000 compared with USD 520,861,000 a year ago. Additions to property, plant and equipment was USD 347,027,000 compared with USD 343,591,000 a year ago. Revenue and other income decreased by 13% due to the combined effect of decreased production and lower realized prices. Average realized oil prices decreased by 10% to USD 83.22 per barrel in 2014 from USD 92.31 per bbl in 2013 primarily as a result of lower benchmark prices and a decrease in the Ecopetrol S.A. received price due to an increase in the port operations fee effective July 1, 2014. Funds flow from continuing operations was USD 311,318,000 compared with USD 343,199,000 a year ago. For the quarter, the company reported total production, NAR of 1,579,530 barrels of oil compared with 1,705,004 barrels of oil a year ago. Production per day, NAR was 17,169 barrels of oil compared with 18,533 barrels of oil a year ago. For the year, the company reported total production, NAR of 6,760,969 barrels of oil compared with 7,022,147 barrels of oil a year ago. Production per day, NAR was 18,523 barrels of oil compared with 19,239 barrels of oil a year ago. The company revised preliminary 2015 capital program now consists of USD 140 million for operations in Colombia, Peru and Brazil. The program allocates USD 50 million to drilling, USD 41 million for facilities, pipelines and other and USD 49 million to geological and geophysical activities. Approximately USD 37 million of the capital program is dedicated to the maintenance of existing production while approximately USD 24 million is dedicated to drilling in Colombia.

Gran Tierra Energy, Inc., Q4 2014 Earnings Call, Mar 02, 2015

Gran Tierra Energy, Inc., Q4 2014 Earnings Call, Mar 02, 2015

 

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