QUOTE AND NEWS
Reuters  Jul 1  Comment 
* Gran Tierra Energy Inc. announces strategic US$525 million acquisition of Petrolatina Energy Ltd. in Colombia
OilVoice  Jun 27  Comment 
Gran Tierra Energy Inc. NYSE MKTGTETSXGTE today announced the promotion of four key team members to executive officers effective immediately. Ed Caldwell Vice President Health Safety and En
Automotive World  Apr 25  Comment 
New SUV flagship with plug-in hybrid and all-wheel drive Seven new electric and plug-in hybrid models due by 2020 Volkswagen pushes forward the development of fully or partially electrically powered vehicles. Volkswagen plans to launch seven new...
Automotive World  Apr 14  Comment 
On the eve of the 2016 World Endurance Championship opener at Silverstone, Aston Martin Racing has unveiled a bespoke selection of wings in celebration of the premiere endurance series. Every Vantage produced for the road or race track is crafted...
MarketWatch  Jan 20  Comment 
The Tiguan GTE Active Concept sports a different kind of hybrid gas-electric powertrain.
OilVoice  Jan 15  Comment 
Gran Tierra Energy Inc. TSXGTE NYSEGTE is pleased to announce that today the Company entered into an agreement with PetroGranada Limited to acquire all of the issued and outstanding shares of Pe




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Gran Tierra Energy (AMEX:GTE) is an oil and gas exploration company. Gran Tierra acquires promising regions, explores and develops them, and sells the resulting fuel to larger companies. The properties are all located in South America, though this may be subject to change depending on where opportunities are. Gran Tierra's business relies on receiving exploration and drilling rights for regions in South America.[1]

Company Overview

For the full year 2010, Gran Tierra reported a total revenue of $373M. This compares to a total revenue of $263M in 2009. The company also had a net income of $37M in 2010 and $14M in 2009.[2]

Trends & Forces

Reliance on rights to explore and develop

Gran Tierra focuses its efforts on South American oil reserves. The ability to explore and develop wells in these regions must be accepted by the local and regional governments. The competition for these licenses is highly competitive as there are a large number of other oil and gas companies that operate in the region. In addition, the rights rely on maintaining a strong relationship with relevant government leaders. This is particularly true in South America which has had relatively high levels of political instability.[3]



References

  1. GTE 10-k Item 1 Business "General" pg 3
  2. GTE 10-k Item 1 Business "Selected Financial Data" pg 43
  3. GTE 10-k Item 1 Business "Risks Related to Our Business" pg 16-20
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