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An announcement from Gran Tierra Energy ( (GTE) ) is now available.
Gran Tierra Energy Inc. announced that the Toronto Stock Exchange has approved its plan to initiate a normal course issuer bid, allowing the company to repurchase up to 10% of its public float shares over the next year. This move is part of a strategy to enhance shareholder value by purchasing shares when they are undervalued, reflecting the company’s confidence in its operations and financial position. The company has also entered into an Automatic Share Purchase Plan to facilitate these purchases during blackout periods, further demonstrating its commitment to optimizing shareholder returns.
More about Gran Tierra Energy
Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador. The company is actively developing its portfolio of assets in these regions and seeks additional growth opportunities to strengthen its portfolio. Gran Tierra’s common stock is traded on the NYSE American, the Toronto Stock Exchange, and the London Stock Exchange under the ticker symbol GTE.
See more data about GTE stock on TipRanks’ Stock Analysis page.