Gran Tierra Energy Inc.

Gran Tierra Energy Inc.

Gran Tierra Energy Inc.

Overview
Date Founded

2003

Headquarters

150 13 Avenue SW,Suite 200,Calgary, AB T2R 0V2

Type of Company

Public

Employees (Worldwide)

324

Industries

Oil & Gas

Company Description

Gran Tierra Energy Inc. is an international oil and gas exploration and production company headquartered in Calgary, Canada, incorporated in the United States, trading on the NYSE Amex Exchange (GTE) and the Toronto Stock Exchange (GTE), and operating in South America. The Company currently holds interests in producing and prospective properties in Colombia, Argentina, Peru and subject to regulatory aproval, Brazil. Gran Tierra Energy's strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration drilling to grow future reserves.

Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Chief Accounting Officer

President, Gran Tierra Energy Colombia

Vice President, Finance & Corporate Controller

Finance & Administrative Director, Gran Tierra Energy Brazil

Vice President, Asset Management

Vice President, Business Development

Vice President-Health, Safety & Environment

Vice President, Investor Relations

Board of Directors

Former Chief Financial Officer at Pengrowth Corp.

President at Wade Capital Group LLC

Former Managing Director at RBC Dominion Securities, Inc.

President & Chief Executive Officer at Gran Tierra Energy Inc.

Former Co-Founder & Managing Partner at Enterprise Capital Management, Inc. (Canada)

Chairman at Paradigm Capital, Inc.

Former President & General Manager at Esso Exploration & Production Chad, Inc.

President, Verisk Maplecroft at Verisk Analytics Inc.

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Gran Tierra Energy Inc.
Owners & Shareholders
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Luminus Management seeks to achieve positive investment returns by identifying inefficiencies in the power, energy, utilities and related sectors. They formulate investment decisions based on the use of fundamental and technical analysis. The firm's core strategy focuses on investments across the capital structure of publicly traded power, energy, utility and related companies. Luminus also implements opportunistic investments within these sectors. They may seek both short-term and long-term trading opportunities.Luminus' core strategy focuses on investments across the capital structure of publicly traded power, energy, utilities and related companies. The firm also implements opportunistic investments in the power markets and private investments within the power, energy, utilities and related industries and sectors. Luminus may use certain derivative instruments in the investment strategy may increase leverage, returns, risk and possibilities of rapid gains or losses as well as expose clients to counterparty risk. Investments may be in securities or investments that are considered illiquid or semi-illiquid, or could become illiquid or semi-illiquid in a difficult market environment. The funds utilize leverage to attempt to enhance returns.

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Amber Capital seeks to achieve superior long-term returns with low volatility and low correlation to the bond and equity markets through investing in opportunities created by corporate events such as takeovers, spin-offs or mergers. As advisor to their flagship fund, the firm pursues an event-driven strategy, with a focus on catalyst-driven opportunities, investing primarily in equities and selectively in other areas of the capital structure. Investment strategies employed by the fund may include: directional long or short positions with a catalyst; long/short equity pairs with a catalyst; capital structure arbitrage; risk arbitrage; share class arbitrage; and company holding discounts. Amber Capital engages in other investment strategies as well, such as investing on a long and short basis in the equity and selectively in other areas of the capital structure of companies in specific regions, which may include directional long or short positions, long/short equity pairs, sovereign CDS protection, distressed strategies, relative value strategies, fundamental-value strategies, and credit/fixed income and volatility arbitrage strategies. In addition, the firm may pursue investments in the equity securities of private companies and collective investment vehicles; in contracts for differences, credit default swaps, hybrids and other derivative products; and in equity securities that are part of an initial public offering.

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Ingalls & Snyder manages and advises pension plans, philanthropic and educational endowments, corporations and an open-end growth mutual fund. The firm is a multi-cap value manager. They use bottom-up research to examine balance sheets valuations and possible risk/return ratios. Ingalls & Snyder generally recommends a long-term, total-return strategy. The firm prefers investments in securities with an established trading history. They rarely participate in initial public offerings. Ingalls & Snyder conducts in-house research, including internally generated forecasts of ROE for the stocks they follow. Analysts contribute to the sellside as well as the buyside. The firm's portfolio managers develop their own investment philosophies dependent on client objectives. Their Legacy Growth fund invests in a well-diversified portfolio of growth-oriented equities. Their objective is to achieve above average long-term growth of capital for shareholders. The majority of the fund's holdings are in large-cap common stocks, the remainder being in shares of medium and small-sized companies. The fund seeks companies having strong underlying financial characteristics and prospects for sustained above average growth in earnings. Ingalls & Snyder's taxable fixed-income department emphasizes high yield securities. They specialize in little-known and smaller-sized issues. They also provide facilities to transact in US Government securities, municipal securities and options contracts.

Recent Transactions
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Petrotal Ltd. purchases Gran Tierra Energy International (Peru) Holdings BV from Gran Tierra Energy Inc.

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Maha Energy AB purchases Gran Tierra Finance (Luxembourg) SARL from Gran Tierra Energy Inc.

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Gran Tierra Energy Inc. purchases Ecopetrol SA /Santana & Nancy Blocks from Ecopetrol SA

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onPetrotal Ltd. purchases Gran Tierra Energy International (Peru) Holdings BV from Gran Tierra Energy Inc.

Legal Advisor

Advised onGran Tierra Energy Inc. issued Common Shares

Manager

Advised onGran Tierra Energy Inc. issued Common Shares

Manager

Advised onGran Tierra Energy Inc. issued Common Shares

Legal Advisor

Advised onGran Tierra Energy Inc. purchases Petroamerica Oil Corp.

Lead Manager

Advised onGran Tierra Energy Inc. issued Common Shares

Advisors & Consultants
Consultant

Director at O'Leary Funds Management LP

Advisor

Corporate Vice President, Operations, Development & Reservoir Management at Frontera Energy Corp.

Advisor

Former Chief Financial Officer at Gran Tierra Energy Inc.

Clients

Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates its business through the following segments: Exploration and Production; Transportation and Logistics; and Refining, Petrochemicals, and Biofuels. The Exploration and Production segment engages in the oil and gas exploration and production activities. The Transportation & Logistics segment comprises of pipelines and other transportation activities. The Refining, Petrochemicals, and Biofuels segment involves refining activities and its products include motor fuels, fuel oils, and petrochemicals. The company was founded in 1948 and is headquartered in Bogota, Colombia.

Key Stats and Financials As of 2017
Market Capitalization
$1.39B
Total Enterprise Value
$1.28B
Earnings Per Share
$-0.08
Revenue
$422M
EBITDAMargin
58.45%
EBITDA
$247M
Net Profit
$-31.7M
Total Equity
$936M
Total Debt
$257M
Enterprise Value Sales
3.03x
Enterprise Value EBITDAOperating
5.18x
TEVNet Income
-40.31x
Three Year Compounded Annual Growth Rate Of Revenue
-3.95%
Five Year Compounded Annual Growth Rate Of Revenue
-1.25%
Debt TEV
0.2x
Non-Profit Donations & Grants
$10K - $25K
2011
Suppliers
McDaniel & Associates Consultants Ltd. Other Business & Consulting Services | Calgary, AB

McDaniel & Associates Consultants Ltd. provides geological studies, reserves evaluations, resource assessments, economic evaluations and petroleum engineering studies. The firm also offers advisory services and technical studies. The company was founded by Rod McDaniel in 1955 and is headquartered in Calgary, Canada.

Ecopetrol SA Oil & Gas | Bogota, DC

Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates its business through the following segments: Exploration and Production; Transportation and Logistics; and Refining, Petrochemicals, and Biofuels. The Exploration and Production segment engages in the oil and gas exploration and production activities. The Transportation & Logistics segment comprises of pipelines and other transportation activities. The Refining, Petrochemicals, and Biofuels segment involves refining activities and its products include motor fuels, fuel oils, and petrochemicals. The company was founded in 1948 and is headquartered in Bogota, Colombia.

Pioneer Energy Services Corp. Oil & Gas | Dallas, TX

Pioneer Energy Services Corp. engages in the provision of land-based drilling services and production services to oil and gas exploration and production companies. It operates through the Drilling Services and Production Services segments. The Drilling Services segment offers contract land drilling services to exploration production companies through drilling divisions in the U.S. and Colombia. The Production Services segment offers well servicing, wireline, and coiled tubing services. The company was founded in 1968 and is headquartered in San Antonio, TX.

Competitors
Ecopetrol SA Oil & Gas - Bogota, DC

Ecopetrol SA engages in the exploration, development, and production of crude oil and natural gas. It operates its business through the following segments: Exploration and Production; Transportation and Logistics; and Refining, Petrochemicals, and Biofuels. The Exploration and Production segment engages in the oil and gas exploration and production activities. The Transportation & Logistics segment comprises of pipelines and other transportation activities. The Refining, Petrochemicals, and Biofuels segment involves refining activities and its products include motor fuels, fuel oils, and petrochemicals. The company was founded in 1948 and is headquartered in Bogota, Colombia.