| Gran Tierra Energy reports 2Q loss | |
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CALGARY, Alberta (AP) _ Gran Tierra Energy Inc. (GTE) on Wednesday reported a second-quarter loss of $38.6 million, after reporting a profit in the same period a year earlier.
The Calgary, Alberta-based company said it had a loss of 13 cents per share. Losses, adjusted for asset impairment costs and severance costs, came to 3 cents per share.
The oil and natural gas company posted revenue of $69.7 million in the period.
The company's shares closed at $2.19. A year ago, they were trading at $6.80.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GTE at http://www.zacks.com/ap/GTE
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Keywords: Gran Tierra Energy, Earnings Report
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Gran Tierra Energy Inc.
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EXPLORATION STAGE |
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CODE : GTE.TO |
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ISIN : US38500T1016 |
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Asset profileContact Cpy |
Gran Tierra Energy is a and oil exploration company based in Canada. Gran Tierra Energy holds various exploration projects in Argentina, in Colombia and in Peru. Its main exploration properties are CHAZA and RIO MAGDALENA BLOCK in Colombia, VALLE MORADO in Argentina and BLOCK 122 in Peru. Gran Tierra Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 3.4 billions as of today (US$ 2.4 billions, € 2.3 billions). Its stock quote reached its lowest recent point on November 06, 2020 at CA$ 0.25, and its highest recent level on September 05, 2024 at CA$ 9.85. Gran Tierra Energy has 390 820 000 shares outstanding. |