Peter Bowley's questions to Gran Tierra Energy Inc (GTE) leadership • Q3 2024
Question
Peter Bowley questioned Gran Tierra's ability to pay its 2026 bond amortization from free cash flow and asked how the company is thinking about capital allocation, specifically regarding bond buybacks given the high yield on its 2029 bonds.
Answer
EVP & CFO Ryan Ellson affirmed the company is comfortable it can cover the 2026 bond amortization with cash on hand and future free cash flow. Regarding capital allocation, he stated the current focus is on investing in assets for longevity and paying down 2025, 2026, and 2027 maturities with cash and free cash flow, highlighting the company's capital flexibility due to high operatorship.