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GTE Gran Tierra Energy

Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.

Company profile

Ticker
GTE
Exchange
CEO
Gary Stephen Guidry
Employees
Incorporated
Location
Fiscal year end
Former names
GOLDSTRIKE INC, GOLKSTRIKE INC, GRAN TIERRA ENERGY, INC.
SEC CIK
Subsidiaries
Gran Tierra Resources Limited • Gran Tierra Energy Mexico Holdings • Gran Tierra México Energy. S.A. de C.V. • Gran Tierra Energy International Holdings Ltd • Gran Tierra Energy N.V. ULC • Petrolifera Petroleum (Colombia) Limited • Gran Tierra Energy • Gran Tierra Colombia Inc. • Gran Tierra Energy Resources Inc. • Suroco Energy ...

GTE stock data

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Calendar

3 Aug 21
25 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 23.56M 23.56M 23.56M 23.56M 23.56M 23.56M
Cash burn (monthly) 437.67K (positive/no burn) 2.81M 18.89M (positive/no burn) (positive/no burn)
Cash used (since last report) 1.69M n/a 10.85M 72.87M n/a n/a
Cash remaining 21.87M n/a 12.7M -49.32M n/a n/a
Runway (months of cash) 50.0 n/a 4.5 -2.6 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Oct 21 Gary Guidry Common Stock Grant Acquire A No No 0.88 4,587 4.04K 3,777,595
19 Oct 21 Ryan Ellson Common Stock Grant Acquire A No No 0.88 3,249 2.86K 520,357
19 Oct 21 Rodger Derrick Trimble Common Stock Grant Acquire A No No 0.88 2,294 2.02K 257,446
19 Oct 21 Jim Evans Common Stock Grant Acquire A No No 0.88 1,433 1.26K 320,895
4 Oct 21 Jim Evans Common Stock Grant Acquire A No No 0.71 1,741 1.24K 319,462

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Competition
Ecopetrol
Risks
  • Risks Related to our Business
  • Prices and markets for oil and natural gas are unpredictable and tend to fluctuate significantly, which could cause temporary suspension of production and reduce our value
  • Estimates of oil and natural gas reserves may be inaccurate and our actual revenues may be lower than estimated
  • Unless we are able to replace our reserves and production, and develop and manage oil and natural gas reserves and production on an economically viable basis, our financial condition and results of operations will be adversely impacted
  • Exploration for oil and natural gas, and development of new formations, is risky
  • Our business is subject to local legal, social, political and economic factors that are beyond our control, which could impair or delay our ability to expand our operations or operate profitably
  • We are vulnerable to risks associated with geographically concentrated operations
  • Social disruptions or community disputes in our areas of operations may delay production and result in lost revenue
  • Security concerns in Colombia or Ecuador may disrupt our operations
  • All of our revenue is generated outside of Canada and the United States, and if we determine to, or are required to, repatriate earnings from foreign jurisdictions, we could be subject to taxes
  • The threat and impact of cyberattacks may adversely impact our operations and could result in information theft, data corruption, operational disruption, and/or financial loss
  • We hold a minority equity investment in PetroTal Corp. ("PetroTal"), and our inability, or limited ability, to control the operations or management of PetroTal may result in our receiving or retaining less than the amount of benefit we expect
  • Risks Related to our Financial Condition
  • Our business requires significant capital expenditures, and we may not have the resources necessary to fund these expenditures
  • The borrowing base under our revolving credit facility may be reduced by the lenders, which could prevent us from meeting our future capital needs
  • Foreign currency exchange rate volatility may affect our financial results
  • Legal and Regulatory Risks
  • We are dependent on obtaining and maintaining permits and licenses from various governmental authorities
  • Environmental regulation and risks may adversely affect our business
  • We may be exposed to liabilities under anti-bribery laws and a finding that we violated these laws could have a material adverse effect on our business
  • Regulations related to emissions and the impact of any changes in climate could adversely impact our business
  • Risks Related to Ownership of our Common Stock
  • Shares of our Common Stock are listed on the NYSE American, the TSX and the London Stock Exchange ("LSE") and investors seeking to take advantage of price differences between such markets may create unexpected volatility in market prices
  • If we cannot meet the NYSE American continued listing requirements, the NYSE may delist our shares of Common Stock
  • For as long as we are a smaller reporting company, we will not be required to comply with certain disclosure requirements that apply to other public companies
  • Cash and Cash Equivalents Held Outside of Canada and the United States
  • Full Cost Method of Accounting, Proved Reserves, DD&A and Impairment of Oil and Gas Properties
  • Asset Retirement Obligations
  • Revenue from Contracts with Customers
  • Allowance for credit losses
  • Legal and Other Contingencies
  • Risks and Measurement uncertainty
  • Recently Adopted Accounting Pronouncements
  • Cash and Cash Equivalents
  • Restricted Cash and Cash Equivalents
  • Allowance for Doubtful Accounts
  • Investment in PetroTal Corp.
  • Asset Retirement Obligation
  • Revenue from Contracts with Customers
  • Foreign Currency Translation
  • Earnings (Loss) per Share
  • Recently Adopted Accounting Pronouncements
  • Risks and Measurement Uncertainty
  • Unproved Oil and Natural Gas Properties
  • Equity Compensation Awards
  • Weighted Average Shares Outstanding
  • Purchase Obligations, Firm Agreements and Leases
Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Content analysis
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Readability
H.S. junior Avg
New words: area, delivery, presumptive, purpose
Removed: announced, board, consulting, deprecation, fourth, low, NaN, nil, nominate, office, ongoing, subsidiary, workover