Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Gran Tierra Energy Inc. Announces Termination of the Previously Announced Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

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CALGARY, Alberta, June 21, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the termination, effective immediately, of its previously announced offers to Eligible Holders (as defined herein) to exchange (such offers, the “Exchange Offers”) (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (“GTEIH”) on February 15, 2018 (CUSIP: 38502HAA3 / G4066TAA0; ISIN: US38502HAA32 / USG4066TAA00) (the “2025 Notes”), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May … Continue Reading

Gran Tierra Energy Inc. Provides Operational and Financial Update

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  • Achieved Total Average Production(1) of 30,556 BOPD During Second Quarter-to-Date 2022
  • Total Current Average Production(2) of 33,140 BOPD
  • Paid Down Credit Facility Balance to $0
  • Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results
  • Spud the Company’s First Exploration Well of 2022 in the Putumayo Basin of Colombia on June 2, 2022
  • Secured Drilling Rig to Begin Planned Ecuador Exploration Program During Third Quarter 2022

    • CALGARY, Alberta, June 07, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced an operational and financial update. All dollar amounts are … Continue Reading

    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 and Extension of the Early Participation Deadline

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    CALGARY, Alberta, June 07, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE) today announced the early participation results of its previously announced offers to Eligible Holders (as defined herein) to exchange (such offers, the “Exchange Offers”) (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (“GTEIH”) on February 15, 2018 (CUSIP: 38502HAA3 / G4066TAA0; ISIN: US38502HAA32 / USG4066TAA00) (the “2025 Notes”), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May … Continue Reading

    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

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    CALGARY, Alberta, May 24, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the commencement of offers to Eligible Holders (as defined herein) to exchange (such offers, the “Exchange Offers”) (i) any and all of the outstanding 6.25% Senior Notes due 2025 issued by Gran Tierra Energy International Holdings Ltd. (“GTEIH”) on February 15, 2018 (CUSIP: 38502HAA3 / G4066TAA0; ISIN: US38502HAA32 / USG4066TAA00) (the “2025 Notes”), and (ii) any and all of the outstanding 7.750% Senior Notes due 2027 issued by the Company on May 23, 2019 (CUSIP: 38502JAA9 / U37016AA7; ISIN: … Continue Reading

    Gran Tierra Energy Announces Final Voting Results of its Annual Meeting of Stockholders

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    CALGARY, Alberta, May 05, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the voting results from the Company’s annual meeting of stockholders held on May 4, 2022.

    Final Voting Results of Gran Tierra’s Annual Meeting of Stockholders: Stockholders elected all nine individuals nominated by Gran Tierra. In addition, stockholders voted “FOR” the ratification of the appointment of KPMG LLP as Gran Tierra’s independent registered public accounting firm for the fiscal year ending December 31, 2022, “FOR” the approval, on an advisory basis, of the compensation of Gran Tierra’s named executive officers, … Continue Reading

    Gran Tierra Energy Inc. Announces First Quarter 2022 Results

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  • Achieved Average Total Production of 29,362 BOPD, Up 20% Year-on-Year
  • Generated Net Income of $14 Million
  • Increased Adjusted EBITDA(1) to $119 Million, Up 185% Year-on-Year
  • Grew Net Cash Provided by Operating Activities to $104 Million, Up 148% Year-on-Year
  • Increased Funds Flow from Operations(1) to $87 Million, Up 201% Year-on-Year
  • Generated Free Cash Flow(1)of $46 Million, Highest Since Fourth Quarter 2012
  • Credit Facility Balance Paid Down to $40 Million at March 31, 2022, Current Balance of $10 Million
  • Balance of Credit Facility Expected to be Fully Paid Down Before End of Second Quarter 2022
  • 2021 Sustainability Report
    • … Continue Reading

    Gran Tierra Energy Inc. Provides Release Date for its 2022 First Quarter Results and Details of Annual Meeting of Stockholders

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    CALGARY, Alberta, April 26, 2022 (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 2022 first quarter financial and operating results on Tuesday May 3, 2022, post-market, and provides the following information regarding the Company’s Annual Meeting of Stockholders.

    Gran Tierra’s 2022 Annual Meeting of Stockholders will be held on Wednesday, May 4, 2022 at 11:00 a.m. (Mountain Time). Our Meeting will be held as a virtual-only shareholder meeting with participation occurring electronically as explained further in the Proxy Statement dated March 25, 2022.

    How to Participate in … Continue Reading

    Gran Tierra Energy Announces Corporate Update

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  • Achieved First Quarter 2022 Total Company Average Production of 29,362 BOPD, Up 20% Year-on-Year
  • Acordionero and Costayaco Infill Development Drilling Campaigns Yielding Encouraging Results
  • Expect to Meet Full Year 2022 Guidance of 30,500-32,500 BOPD
  • As of March 31, 2022, Paid Down Credit Facility to $40 Million and Had Cash Balance of $59 Million
  • Balance of Credit Facility Expected to be Fully Paid in Second Quarter 2022

    • CALGARY, Alberta, April 19, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) is pleased to announce a corporate update. All dollar amounts are in … Continue Reading

    Gran Tierra Energy Inc. Announces 2021 Fourth Quarter & Year-End Results & Operational Update

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  • Achieved 2021 Production of 26,507 BOPD, Up 17% from 2020
  • Total Current Average Production1 of Approximately 30,000 BOPD
  • Generated 2021 Net Income of $42 Million, Highest Since 2018
  • 2021 Adjusted EBITDA2 Increased 150% Year-Over-Year to $242 Million
  • 2021 Funds Flow from Operations2 Increased 312% Year-Over-Year to $186 Million
  • Generated 2021 Free Cash Flow2 of $37 Million, Highest Since 2012
  • Reduced Greenhouse Gas Emissions (“GHG”) in Excess of 60% Relative to 2019
  • Realized 123% 1P and 148% PDP Reserves Replacement, Second Straight Year with Over 100% Replacement
  • 1P Net Asset Value per Share Before Tax of $2.61,
    • … Continue Reading

    Gran Tierra Announces Release Date for its 2021 Fourth Quarter and Full Year Results, Conference Call and Webcast Details

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    CALGARY, Alberta, Feb. 15, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American:GTE) (TSX:GTE) (LSE:GTE), announces that the Company will release its 2021 fourth quarter and full year financial and operating results on Tuesday, February 22, 2022, after market close. A conference call to discuss the 2021 fourth quarter results will be held at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) the following day, Wednesday February 23, 2022. Details of the conference call are as follows:

    Date: Wednesday February 23, 2022 Time: 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) North America: +1-844-348-3792 (Toll-Free) United Kingdom:… Continue Reading

    Gran Tierra Energy Inc. Announces 2021 Year-End Reserves

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  • Achieved 148% PDP and 123% 1P Reserves Replacement
  • Added 14.3 MMBOE of PDP Reserves and 11.9 MMBOE of 1P Reserves

  • Realized PDP Finding and Development Costs of $9.51 per Barrel

  • 100% of Reserves Additions Were Oil

  • 1P Net Asset Value per Share Before Tax of $2.61, Up 127% from 2020

  • 2P Net Asset Value per Share Before Tax of $4.72, Up 45% from 2020

  • 1P Reserves Equal 65% of 2P Reserves, Demonstrating Strength of Company’s Proved Reserves Base

    • CALGARY, Alberta, Jan. 25, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company“) (NYSE American:GTE)(NYSE MKT:GTE)(TSX:GTE)(LSE:GTE), a company … Continue Reading

    Gran Tierra Energy Announces Corporate Update

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  • Total Company Current Average Production of Approximately 30,000 BOPD
  • Achieved 2021 Total Company Average Production of 26,500 BOPD, In-Line with Guidance
  • Paid Down Credit Facility to $67.5 Million as of December 31, 2021, Representing Debt Reduction of
    $122.5 Million During 2021
  • SASB Report Published

    • CALGARY, Alberta, Jan. 18, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) is pleased to announce a corporate update. All dollar amounts are in United States (“U.S.”) dollars and all production volumes are on a working interest before royalties basis and are expressed in barrels (“bbl”) of oil per … Continue Reading