Sign in

    Alejandra Andrade Carrillo • JPMorgan Chase & Co.

    Alejandra Andrade Carrillo's questions to Gran Tierra Energy Inc (GTE) leadership

    Alejandra Andrade Carrillo's questions to Gran Tierra Energy Inc (GTE) leadership • Q1 2025

    Question

    Alejandra Andrade Carrillo from JPMorgan Chase & Co. asked for clarification on the significant working capital inflow during the quarter and inquired about the performance and outlook for natural gas prices in Canada.

    Answer

    Ryan Ellson, Executive Vice President and CFO, clarified that the working capital build was a function of the heavy, front-loaded capital program and is expected to partially unwind in Q2. He also stated the company is comfortable with its budgeted Canadian gas prices, which are holding well and supported by a strong hedging program.

    Ask Fintool Equity Research AI

    Alejandra Andrade Carrillo's questions to Gran Tierra Energy Inc (GTE) leadership • Q4 2024

    Question

    Alejandra Andrade Carrillo inquired about the current state of oil price discounts specifically within Colombia and asked for an update on the process of negotiating additional committed credit lines.

    Answer

    EVP and CFO Ryan Ellson responded to both questions. He explained that Colombian heavy crude differentials have tightened significantly, with Vasconia narrowing from $5 to $2 and Castilla from $8-$9 to $5-$6. He also confirmed that the company is actively working on securing an additional working credit line for Colombia and expects to have it closed within the current or next quarter.

    Ask Fintool Equity Research AI

    Alejandra Andrade Carrillo's questions to Gran Tierra Energy Inc (GTE) leadership • Q3 2024

    Question

    Alejandra Andrade Carrillo asked about the rationale for reducing the Canadian credit facility, whether a similar facility is planned for Colombia, and what the company's hedging strategy will be for the upcoming year.

    Answer

    EVP & CFO Ryan Ellson explained the Canadian facility was reduced to a working capital line to save on standby fees, as the larger amount was not needed. He confirmed Gran Tierra is considering a similar facility for its Colombian assets. For hedging, the company plans a systematic approach, aiming to hedge 30-50% of production for the next six months and 20-30% for the following six months.

    Ask Fintool Equity Research AI

    Alejandra Andrade Carrillo's questions to Gran Tierra Energy Inc (GTE) leadership • Q2 2024

    Question

    Alejandra Andrade Carrillo of JPMorgan Chase & Co. asked for an update on the production outlook for the second half of 2024 and for more details on the company's recent tax adjustments.

    Answer

    President and CEO Gary Guidry responded that Gran Tierra is pleased with its first-half results and reiterated the company's full-year production guidance. EVP and CFO Ryan Ellson explained the tax strategy, noting that refiling allowed the company to preserve an $85 million net operating loss for use at higher future tax rates and accelerated the recovery of a $65 million tax receivable without a cash outflow.

    Ask Fintool Equity Research AI