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Gran Tierra Energy ( (GTE) ) just unveiled an update.
Gran Tierra Energy has announced its 2026 capital budget and operational update, highlighting a focus on generating free cash flow and maximizing asset value. The company plans to transition its Ecuador program from exploration to development, while its Colombia operations aim to maximize free cash flow. Gran Tierra is targeting free cash flow of $60 to $80 million in 2026, with plans to drill development wells in both Colombia and Canada. The company is also committed to reducing its debt and has recently closed the acquisition of the Perico and Espejo Blocks in Ecuador, which is expected to enhance its portfolio and operational synergies.
More about Gran Tierra Energy
Gran Tierra Energy Inc. operates in the energy sector, focusing on oil and gas exploration and production. The company has a diversified portfolio with operations primarily in South America and Canada, aiming to maximize free cash flow and optimize asset value.
See more insights into GTE stock on TipRanks’ Stock Analysis page.