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Gran Tierra Energy ( (GTE) ) has provided an update.
Gran Tierra Energy Inc. has finalized a strategic joint venture with Logan Energy Corp., transferring a 50% working interest and operatorship of its Simonette Montney assets to Logan for approximately C$52 million. This transaction is set to bolster Gran Tierra’s Montney development and aligns with its strategic objective of long-term value creation, potentially enhancing its market position and offering growth-focused opportunities.
More about Gran Tierra Energy
Gran Tierra Energy Inc. is an independent international energy company focusing on oil and natural gas exploration and production in Canada, Colombia, and Ecuador. The company is developing its asset portfolio in these regions and is exploring new growth opportunities. 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.
YTD Price Performance: 18.62%
Average Trading Volume: 317,445
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $243.9M
For an in-depth examination of GTE stock, go to TipRanks’ Stock Analysis page.
