Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Gran Tierra Energy Inc. Announces Strong Reserves Replacement and Continued Reserves Growth in 2022

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  • Added Total Company Reserves of 14 MMBOE 1P, 17 MMBOE 2P and 31 MMBOE 3P
  • Achieved 126% 1P, 148% 2P and 280% 3P Reserves Replacement
  • Fourth Consecutive Year of 1P Reserves Growth
  • Exploration Discoveries Alone Added Company Reserves of 5 MMBOE 1P, 16 MMBOE 2P and 32 MMBOE 3P
  • Achieved Three-Year Average Per Barrel Finding and Development Costs of $11.69 PDP and $14.51 1P
  • Reserve Life Indexes of 7 (1P), 11 (2P) and 15 (3P) Years
  • Net Present Value Before Tax Discounted at 10 Percent Increased to $2.1 Billion (1P), $3.0 Billion (2P) and $4.1 Billion (3P)
  • 1P Net Asset
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    Gran Tierra Energy Inc. Provides Operational and Financial Update

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  • Gran Tierra Met Production Guidance with 2022 Total Company Average Production of Approximately 30,800 BOPD
  • Fourth Quarter 2022 Total Company Average Production of Approximately 32,600 BOPD, an Increase of 10% from Fourth Quarter 2021
  • Strong Exit with Total Company Average Production During December 2022 of Approximately 33,800 BOPD
  • Moqueta Development Campaign Underway with Second Development Well Spud
  • First Moqueta Development Well Yielding Encouraging Results
  • Bought Back 23 Million Gran Tierra Shares of Common Stock During 2022

    • CALGARY, Alberta, Jan. 09, 2023 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operational and … Continue Reading

    Gran Tierra Energy Inc. Announces 2023 Guidance

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  • 2023 Capital Expenditure Budget of $210-250 Million, Expected 2023 Cash Flow1 of $270-320 Million in Base Case
  • Plan to Drill 18-23 Development Wells and 4-6 Exploration/Appraisal Wells
  • Forecast 2023 Production of 32,000-34,000 BOPD, an Increase of 8% from 2022 and 24% from 2021
  • Forecast 2023 Free Cash Flow2 of $135 Million Before Exploration, $65 Million After Exploration in Base Case

    • CALGARY, Alberta, Dec. 07, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced its 2023 capital budget and production guidance. All dollar amounts are in United States dollars and all … Continue Reading

    Gran Tierra Energy Inc. Provides Operational and Financial Update

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  • Ecuador Exploration: Charapa Norte-1 Well Producing at Average Rate of 1,188 BOPD
  • Colombia Exploration: Rose-1 Well Producing at Average Rate of 305 BOPD
  • Bought Back 15 Million Gran Tierra Shares of Common Stock for $20 Million Since September 1, 2022

    • CALGARY, Alberta, Dec. 05, 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 in United States dollars, and production amounts are on an average working interest before royalties (“WI”) basis unless otherwise indicated. Per barrel (“bbl”) and bbl per day (“BOPD”) … Continue Reading

    Gran Tierra Energy Inc. Announces Third Quarter 2022 Results

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  • Third Quarter 2022 Average Production of 30,391 BOPD, Up 5% from One Year Ago
  • Fourth Quarter-To-Date 2022 Average Production(1) of 32,291 BOPD
  • Net Income of $39 Million, $168 Million Over The Last 12 Months
  • Adjusted EBITDA(2) of $121 Million, Up 48% Year-on-Year, $462 Million Over Last 12 Months
  • Net Cash Provided by Operating Activities of $109 Million, Up 82% Year-on-Year
  • Funds Flow from Operations(2) of $94 Million, Up 36% Year-on-Year, $350 Million Over Last 12 Months
  • Free Cash Flow(2)of $37 Million, $146 Million Over Last 12 Months
  • Cash Balance of $118 Million and
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    Gran Tierra Energy Inc. Provides Release Date for its 2022 Third Quarter Results and Details of Conference Call and Webcast

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    CALGARY, Alberta, Oct. 25, 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 third quarter financial and operating results on Tuesday, November 1, 2022, after market close. Gran Tierra will host its third quarter 2022 results conference call on Thursday, November 3, 2022, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern 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 … Continue Reading

    Gran Tierra Energy Inc. Provides Operational and Financial Updates

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  • Achieved Third Quarter 2022 Average Production of Approximately 30,391 BOPD, Up 5% from One Year Ago
  • Fourth Quarter-To-Date 2022 Total Company Average Production(1) of Approximately 32,000 BOPD
  • Bought Back 10.8 Million Gran Tierra Shares of Common Stock for $14.4 Million during September 2022
  • Bought Back 6.7% of Gran Tierra’s 6.25% Senior Notes Due February 2025 for $17.3 Million in September 2022
  • As of September 30, 2022, Gran Tierra Had a Cash Balance of $118 Million and Net Debt(2) of $462 Million
  • Colombia Exploration: Production Testing Gaitas-1 Well, Planning a Gaitas-2 Well, Drilled and Cased Rose-1 Well
  • Ecuador Exploration:
    • … Continue Reading

    Gran Tierra Energy Inc. Announces Normal Course Issuer Bid

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    CALGARY, Alberta, Aug. 29, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra”) (NYSE American: GTE)(TSX: GTE)(LSE: GTE), today announces that the Toronto Stock Exchange (“TSX”) has approved its notice of intention to make a normal course issuer bid (the “Bid”) for its shares of common stock (the “Shares”). As of August 22, 2022, there were 368,871,685 Shares issued and outstanding and the public float was 360,339,690 Shares. Pursuant to the Bid, Gran Tierra will be able to purchase for cancellation up to 36,033,969 Shares, representing 10% of the public float, at prevailing market prices at the time of … Continue Reading

    Gran Tierra Energy Inc. Announces New Credit Facility

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    CALGARY, Alberta, Aug. 18, 2022 (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 subsidiaries Gran Tierra Energy Colombia, LLC and Gran Tierra Colombia Inc., entered into a credit facility of up to US$150 million. The facility replaces Gran Tierra’s previous credit facility that had a borrowing base of US$150 million. The new facility is with Trafigura, a market leader in the global commodities industry, and has a final maturity date of August 15, 2024, which may be extended to February 18, 2025 if … Continue Reading

    Gran Tierra Energy Inc. Announces Second Quarter 2022 Results

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  • Average Total Production of 30,607 BOPD, Highest since Fourth Quarter 2019
  • Total Average Production Up 4% from First Quarter 2022 and 33% from Second Quarter 2021
  • Generated Net Income of $53 Million
  • Increased Adjusted EBITDA(1) to $140 Million, Up 286% Year-on-Year
  • Grew Net Cash Provided by Operating Activities to $143 Million, Up 285% Year-on-Year
  • Increased Funds Flow from Operations(1) to $104 Million, Up 345% Year-on-Year, Highest since First Quarter 2013
  • Generated Free Cash Flow(1)of $38 Million
  • Credit Facility Repaid in Full
  • As of June 30, 2022, Cash Balance of $109 Million and Net Debt(1)
    • … Continue Reading

    Gran Tierra Energy Inc. Provides Release Date for its 2022 Second Quarter Results and Details of Conference Call and Webcast

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    CALGARY, Alberta, Aug. 02, 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 second quarter financial and operating results on Monday August 8, 2022, after market close. Gran Tierra will host its second quarter 2022 results conference call on Tuesday, August 9, 2022, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern 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 much register through … Continue Reading

    Gran Tierra Energy Inc. Provides Operations and Financial Update

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  • Achieved Total Average Production of 30,607 BOPD During Second Quarter 2022, The Highest Since 2019
  • Second Quarter 2022 Total Average Production Up 4% from First Quarter 2022 and 25% from Second Quarter 2021
  • Ecuador and Colombia 2022 Exploration Programs Remain On-Track
  • As of June 30, 2022, Cash on Balance Sheet of $109 Million and Credit Facility Fully Repaid

    • CALGARY, Alberta, July 11, 2022 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operations and financial update. All dollar amounts are in United States dollars, and production amounts are on an average working … Continue Reading