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 & Non-Independent Director

Chief Financial Officer & Chief Accounting Officer

President & Country Manager, 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.

Former Head-Consulting at Wood Mackenzie Ltd.

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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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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.

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Hillsdale's investment strategies are based on a proprietary investment platform that uses a fundamental-based, multi-factor approach to stock selection and portfolio construction. In addition, they build equity products to 'spec' and provide customized portfolios that meet specific client objectives, such as risk adjusted return, style biases, beta tolerances or drawdown maximums.The Canadian Long/Short Equity Fund (US fund) seeks a rate of return on capital in excess of Canadian equities over a 3-year period with a low correlation to, and volatility equal to or less than, the S&P/TSX Composite Index. It invests in, and sells short, a long portfolio and a short portfolio of securities. At least of 80% of its total assets are invested in a diversified selection of 50 to 200 Canadian corporations trading on major Canadian stock exchanges with at least CDN$100 million market-cap.The Canadian Long/Short Equity Fund seeks to provide investors with a rate of return on capital greater than Canadian equities over a 3-year period with a low correlation to, and volatility equal to or less than, the S&P/TSX Composite Index. The fund invests at least 80% of its total assets in a diversified selection of at least 50 Canadian corporations and trusts trading on major Canadian stock exchanges with a market-cap of at least CAD$50.The Global Long/Short Equity Fund seeks to provide investors with a rate of return on capital in excess of global equities over a 3-year period with a low correlation to, and volatility equal to or less than, the MSCI World Index. The fund invests in a diversified selection of at least 50 corporations and trusts trading on major stock exchanges with market-cap of at least USD$50.The Canadian Core Equity Fund seeks a rate of return on capital greater than the S&P/TSX Composite Total Return Index over a 4-year period managed within a controlled tracking error budget with volatility similar to the market. It invests at least 90% of its assets in a diversified selection of at least 50 corporations and trusts trading on major Canadian stock exchanges.The US Performance Equity Fund seeks a rate of return on capital in excess of, and with volatility equal to or less than, the Russell 2000 Total Return Index. The account invests a minimum of 75% of its assets in a diversified selection of small- to mid-cap US companies trading on major US stock exchanges.The Canadian Performance Equity Fund seeks a rate of return on capital in excess of, and with volatility equal to or less than, the S&P/TSX Small Cap Index. The fund invests at least 75% of the assets in a diversified selection of small-cap Canadian corporations and unit trusts trading on major Canadian exchanges.The Canadian Micro Cap Equity Fund seeks to generate long-term capital growth greater than the S&P/TSX Small Cap Index over 5 years by investing mainly Canadian equities of smaller-cap companies. The funds invest at least of 75% of its assets in a diversified selection of small-cap Canadian corporations and trusts with a market-cap of $25 million to $250 million.The Enhanced Income Equity Fund seeks to generate a stable income stream with the potential for capital gains. The fund invests at least 50% of its assets in equity and equity related securities, investment trusts and limited partnerships of at least 50 issuers listed on major global stock exchanges which have a market-cap of at least CAD$50 million. The fund invests a minimum of 20% of its assets in higher yielding corporate bonds, bank loans, government debt and other fixed income securities, either directly or through the use of ETFs listed on major global stock exchanges. At least 50% of the assets are invested in securities with a minimum dividend or income yield of 4% per annum.

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
$1.21B
Total Enterprise Value
$1.28B
Earnings Per Share
$-0.08
Revenue
$422M
Net Profit
$-31.7M
EBITDA
$247M
EBITDAMargin
58.45%
Total Debt
$257M
Total Equity
$936M
Enterprise Value Sales
3.03x
Enterprise Value EBITDAOperating
5.18x
TEVNet Income
-40.31x
Debt TEV
0.2x
Three Year Compounded Annual Growth Rate Of Revenue
-3.95%
Five Year Compounded Annual Growth Rate Of Revenue
-1.25%
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.