GTE on NYSE

Gran Tierra Energy

Logo: grantierra.com5

Canadian energy company

Gran Tierra Energy is an energy company founded by Jeffrey Scott, Dana Coffield, Max Wei, Jim Hart and Rafael Orunesu in May 2005. The company, based in Calgary, Alberta, Canada, focuses on oil and gas exploration, development and production, particularly in South America. The company announced its intentions to merge with Solana Resources on 29 July 2008.3 Its shares trade on NYSE under the symbol GTE.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

2003Founded1

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  • TickerGTE on NYSE1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersCalgary1
  • Founded inCalgary1
  • Websitewww.grantierra.com
  • Incorporated inDE6
  • Business address500 Centre Street Se, Calgary, A0 T2G 1A66
  • Filer categoryAccelerated filer, Smaller reporting company6
  • Legal formCorporation4
  • LEI549300IH2S17MAIUCM324
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 61982664

Gran Tierra Energy is an energy company founded by Jeffrey Scott, Dana Coffield, Max Wei, Jim Hart and Rafael Orunesu in May 2005. The company, based in Calgary, Alberta, Canada, focuses on oil and gas exploration, development and production, particularly in South America. The company announced its intentions to merge with Solana Resources on 29 July 2008.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-32.4%Net margin9
-4.0%Revenue growth, 20259
-84.4%Return on equity9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Colombia brought in 70% of the revenue Gran Tierra Energy broke down this way in fiscal 2025.

  1. Colombia$418.4M970%down 27% from 2024
  2. Canada$115.7M919%up 510% from 2024
  3. Ecuador$62.6M910%up 128% from 2024
Business segments by year
Business segments202320242025
Colombia$621.3M$575.5M$418.4M
Canada$0$19.0M$115.7M
Ecuador$15.7M$27.4M$62.6M

Regions

CO brought in 70% of the revenue Gran Tierra Energy broke down this way in fiscal 2025.

  1. CO$418.4M970%down 27% from 2024
  2. CA [member]$115.7M919%up 510% from 2024
  3. EC$62.6M910%up 128% from 2024
Regions by year
Regions202320242025
CO$621.3M$575.5M$418.4M
CA [member]$0$19.0M$115.7M
EC$15.7M$27.4M$62.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue45¢$265.8M
  • Other costs49¢$291.2M
  • Income tax7¢$39.8M

Out of $596.7M in revenue.9 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks1¢$3.5M
  • Kept or used elsewhere99¢$309.8M

Out of $313.2M of cash from operations.9

Financial statements

Revenue101112139$596.7M in 2025+5% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $571.0M$571.0M20192020: $237.8M$237.8M2020−58%2021: $473.7M$473.7M2021+99%2022: $711.4M$711.4M2022+50%2023: $637.0M$637.0M2023−10%2024: $621.8M$621.8M2024−2%2025: $596.7M$596.7M2025−4%
Net income101112139-$193.1M in 2025
-$1.0B-$750.0M-$500.0M-$250.0M0$250.0M2019: $38.7M$38.7M20192020: -$778.0M-$778.0M20202021: $42.5M$42.5M20212022: $139.0M$139.0M2022+227%2023: -$6.3M-$6.3M20232024: $3.2M$3.2M20242025: -$193.1M-$193.1M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
OIL, NATURAL GAS AND NGL SALES (NOTE 15)$596.7M$621.8M$637.0M
Operating$248.7M$202.3M$186.9M
Transportation$17.0M$18.5M$14.5M
Export tax$3.3M$0$0
Depletion, depreciation and accretion (Note 8)$278.4M$230.6M$215.6M
Asset impairment (Note 9)$136.3M$0$0
General and administrative$60.1M$51.1M$45.8M
Foreign exchange loss (gain)$8.7M-$8.8M$11.8M
Derivative instruments (gain) loss-$18.9M$2.3M$0
Interest expense (Note 11)$101.3M$80.5M$55.8M
Transaction costs$0$5.9M$0
Other financial instruments loss$0$0$15.0K
TOTAL EXPENSES$834.9M$582.4M$530.5M
OTHER GAIN (LOSS)$4.2M$1.5M-$2.3M
INTEREST INCOME$1.1M$3.7M$2.0M
(LOSS) INCOME BEFORE INCOME TAXES-$232.9M$44.6M$106.2M
Current (Note 16)$15.9M$69.3M$55.7M
Deferred (Note 16)-$55.6M-$27.9M$56.8M
Total income tax (recovery) expense-$39.8M$41.4M$112.4M
NET (LOSS) INCOME-$193.1M$3.2M-$6.3M
Foreign currency translation gain (loss)$9.3M-$6.7M$0
NET AND COMPREHENSIVE LOSS-$183.8M-$3.5M-$6.3M
BASIC (in dollars per share)-$5.45$0.10-$0.19
DILUTED (in dollars per share)-$5.45$0.10-$0.19
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares)35.4M shares32.0M shares33.5M shares
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares)35.4M shares32.0M shares33.5M shares

Compare Gran Tierra Energy with another company

Corporate structure

Gran Tierra Energy sits at the top of its group. 22 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Gran Tierra Energy

  • Equinox Partners Investment Management LLC Filed SCHEDULE 13G/A on Gran Tierra Energy, latest Sep 17, 2026 (11 filings since Sep 17, 2024)
  • Daniel Lau Filed SCHEDULE 13G/A on Gran Tierra Energy, latest Aug 12, 2026 (6 filings since Mar 10, 2025)
  • Encompass Capital Advisors LLC Filed SCHEDULE 13G/A on Gran Tierra Energy, latest Nov 14, 2025 (3 filings since Feb 3, 2025)
  • GMT CAPITAL CORP Filed SC 13G/A on Gran Tierra Energy, latest Nov 14, 2024 (4 filings since Feb 10, 2022)
  • BNP PARIBAS ASSET MANAGEMENT USA, Inc. Filed SC 13G/A on Gran Tierra Energy, latest Jan 31, 2022
  • Gran Tierra Energy Wilmington, Delaware, United States
    • Gran Tierra Canada Ltd. Subsidiary · Canada
    • Gran Tierra Energy (Africa) GmbH Subsidiary · Switzerland
    • Gran Tierra Energy (Azerbaijan) GmbH Subsidiary · Switzerland
    • Gran Tierra Energy CI GmbH Subsidiary · Switzerland
    • Gran Tierra Energy Colombia GmbH Subsidiary · Lucerne, Switzerland
    • Gran Tierra Energy Ecuador 1 GmbH Subsidiary · Switzerland
    • Gran Tierra Energy Ecuador 2 GmbH Subsidiary · Switzerland
    • GRAN TIERRA ENERGY INTERNATIONAL HOLDINGS GMBH Subsidiary · Luzern, Switzerland
    • Gran Tierra Energy Mexico Holdings 1 LLC Subsidiary · Delaware, United States
    • Gran Tierra Energy Mexico Holdings 2 LLC Subsidiary · Delaware, United States
    • GRAN TIERRA ENERGY RESOURCES INC. Subsidiary · George Town, Cayman Islands
    • GRAN TIERRA OPERATIONS COLOMBIA GMBH Subsidiary · Lucerne, Switzerland
    • GRAN TIERRA RESOURCES GMBH Subsidiary · Luzern, Switzerland
    • Gran Tierra UK Holdings Limited Subsidiary · United Kingdom
    • Gran Tierra UK Limited Subsidiary · United Kingdom
    • GTE Alberta Inc. Subsidiary · Alberta, Canada
    • GTE Ventures Ltd. Subsidiary · United States
    • Palomino Insurance Ltd. Subsidiary · Cayman Islands
    • Palomino Rental S.A.S. Subsidiary · Ecuador
    • Petrolifera Petroleum (Colombia) Limited Subsidiary · Cayman Islands
    • Suroco Energy Venezuela Subsidiary · Venezuela

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Gran Tierra Energy reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$1.3B9 Dec 31, 2025$1.4B9 Dec 31, 2024−8.3%
Oil and gas properties$1.3B9 Dec 31, 2025$1.4B9 Dec 31, 2024−8.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$82.9M9 Dec 31, 2025$103.4M9 Dec 31, 2024−19.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$55.4M9 Dec 31, 2025$43.1M9 Dec 31, 2024+28.5%

The story

In 2011, the company acquired Petrolifera Petroleum, a Canadian oil and gas company engaged in exploration and production activity in South America.

From Wikipedia’s article on Gran Tierra Energy, shared under CC BY-SA 4.0.7

Leadership

Who has led Gran Tierra Energy, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (35)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • GTE Alberta Inc. Alberta, Canada8
  • GTE Ventures Ltd. USA, Texas8
  • Gran Tierra Canada Ltd. Canada8
  • Gran Tierra Energy (Africa) GmbH Switzerland8
  • Gran Tierra Energy (Azerbaijan) GmbH Switzerland8
  • Gran Tierra Energy CI GmbH Switzerland8
  • Gran Tierra Energy Colombia GmbH Switzerland8
  • Gran Tierra Energy Ecuador 1 GmbH Switzerland8
  • Gran Tierra Energy Ecuador 2 GmbH Switzerland8
  • Gran Tierra Energy International Holdings GmbH Switzerland8
  • Gran Tierra Energy Mexico Holdings 1 LLC Delaware8
  • Gran Tierra Energy Mexico Holdings 2 LLC Delaware8
  • Gran Tierra Energy Resources Inc. Cayman Islands8
  • Gran Tierra Operations Colombia GmbH Switzerland8
  • Gran Tierra Resources GmbH Switzerland8
  • Gran Tierra UK Holdings Limited United Kingdom8
  • Gran Tierra UK Limited United Kingdom8
  • Palomino Insurance Ltd. Cayman Islands8
  • Palomino Rental S.A.S. Ecuador8
  • Petrolifera Petroleum (Colombia) Limited Cayman Islands8
  • Suroco Energy Venezuela Venezuela8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • GRAN TIERRA ENERGY, INC.Dec 19, 2005 to Aug 9, 20126
  • GOLDSTRIKE INCMar 18, 2004 to Nov 29, 20056
  • GOLKSTRIKE INCDec 31, 2003 to Dec 31, 20036

Timeline

  1. Oct 9, 20268-K Shareholder vote; Other events64
  2. Aug 10, 20268-K Financial statements and exhibits65
  3. Aug 5, 20268-K Results of operations66
  4. Aug 5, 20268-K Entered a material agreement; Other events67
  5. May 12, 20268-K Shareholder vote68
  6. May 8, 20268-K Results of operations69
  7. Mar 17, 20268-K Executive or director change70
  8. Mar 17, 20268-K Regulation FD disclosure71
  9. Mar 6, 20268-K Entered a material agreement; New debt or obligation72
  10. Mar 4, 20268-K Results of operations73
  11. Feb 20, 20268-K Entered a material agreement; New debt or obligation74
  12. Feb 18, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation75
  13. May 14, 2015New chief executive Gary Guidry becomes CEO19
  14. Mar 3, 2015New chief executive Duncan Nightingale becomes CEO18
  15. Apr 30, 2007New chief executive Dana Coffield becomes CEO20
  16. 2003Founded Founded in Calgary1

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.30) a share, on Oct 30, 2025.76

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results66
  2. May 8, 2026Reported quarterly or annual results69
  3. Mar 4, 2026Reported quarterly or annual results73
  4. Jan 29, 2026Reported quarterly or annual results77
  5. Jan 29, 2026Reported quarterly or annual results78
  6. Oct 31, 2025Reported quarterly or annual results79
  7. Jul 31, 2025Reported quarterly or annual results80
  8. May 2, 2025Reported quarterly or annual results81

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

931 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 71 major events, 780 insider forms, 25 large holders, 34 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Oct 7, 2026DEFA14A EDGAR
  3. Oct 5, 20264/A OWNERSHIP DOCUMENT EDGAR
  4. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Oct 2, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Sep 28, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Sep 23, 2026DEFA14A EDGAR
  11. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  12. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Sep 17, 2026SCHEDULE 13G/A EDGAR
  17. Sep 15, 2026DEFM14A EDGAR
  18. Sep 8, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Sep 8, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Sep 8, 20264 OWNERSHIP DOCUMENT EDGAR

The 931 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

83 open-market trades by officers, directors and large owners since October 2021: 64 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2026KUROTO FUND LP10% ownerSale347,990$9.31$3.2MForm 4
Aug 13, 2026KUROTO FUND LP10% ownerSale326,959$9.23$3.0MForm 4
Aug 12, 2026EQUINOX PARTNERS LP10% ownerSale165,377$9.49$1.6MForm 4
Aug 11, 2026EQUINOX PARTNERS LP10% ownerSale248,510$9.30$2.3MForm 4
Aug 10, 2026EQUINOX PARTNERS LP10% ownerSale113,705$9.08$1.0MForm 4
Aug 7, 2026EQUINOX PARTNERS LP10% ownerSale104,348$9.05$944.3KForm 4
Aug 6, 2026EQUINOX PARTNERS LP10% ownerSale1,093,712$9.20$10.1MForm 4
Aug 6, 2026Equinox Partners Investment Management LLC10% ownerSale1,093,712$9.16$10.0MForm 4
Aug 5, 2026EQUINOX PARTNERS LP10% ownerSale506,288$10.60$5.4MForm 4
Aug 5, 2026Equinox Partners Investment Management LLC10% ownerSale506,288$10.60$5.4MForm 4
Aug 4, 2026Lau Daniel10% ownerBuy34,000$6.88$233.9KForm 4
Aug 3, 2026Lau Daniel10% ownerBuy24,000$6.89$165.4KForm 4
Jun 25, 2026Man Christine10% ownerBuy32,000$6.04$193.3KForm 4
Jun 9, 2026Man Christine10% ownerBuy51,000$7.22$368.2KForm 4
Jun 5, 2026Man Christine10% ownerBuy35,000$7.62$266.7KForm 4
May 26, 2026Man Christine10% ownerBuy41,000$8.18$335.4KForm 4
May 22, 2026Man Christine10% ownerBuy34,000$8.48$288.3KForm 4
May 11, 2026Man Christine10% ownerBuy12,000$8.88$106.6KForm 4
May 7, 2026Man Christine10% ownerBuy18,000$8.30$149.4KForm 4
May 5, 2026Lau Daniel10% ownerBuy45,000$9.30$418.5KForm 4

All 83 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Gary S. GuidryPresident and Chief Executive Officer70$510.1K$3.1M87
2025Sebastien MorinChief Operating Officer49$364.3K$1.9M87
2025Ryan EllsonExecutive Vice President, Finance & Chief Financial Officer50$364.3K$1.9M87
2024Gary S. GuidryPresident and Chief Executive Officer70$486.4K$3.0M87
2024Ryan EllsonExecutive Vice President, Finance & Chief Financial Officer50$347.5K$1.9M87
2024Sebastien MorinChief Operating Officer49$347.5K$1.8M87
2023Gary S. GuidryPresident and Chief Executive Officer70$453.7K$2.5M87
2023Ryan EllsonExecutive Vice President, Finance & Chief Financial Officer50$321.3K$1.7M87
2023Sebastien MorinChief Operating Officer49$47.1K$984.3K87

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 69. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Equinox Partners Investment Management LLC6,381,471$39.9M18.8%No change
LM Asset Management Inc.4,365,420$27.3M18.9%+320,000
American Century Companies Inc1,702,578$10.6M0.0%+93,428
Two Sigma Investments, LP1,385,858$8.7M0.0%+426,944
D. E. Shaw & Co., Inc.1,158,224$7.2M0.0%+58,018
Renaissance Technologies LLC960,360$6.0M0.0%+183,680
Arrowstreet Capital, Limited Partnership803,763$5.0M0.0%+199,386
Bridgeway Capital Management, LLC575,603$3.6M0.1%+19,687
Connor, Clark & Lunn Investment Management Ltd.523,877$3.3M0.0%+117,381
UBS Group AG505,894$3.2M0.0%+82,950
Bnp Paribas Financial Markets467,826$2.9M0.0%+125,106
Dimensional Fund Advisors LP437,209$2.7M0.0%+202,364
Morgan Stanley411,141$2.6M0.0%+163,039
Citadel Advisors LLC404,578$2.5M0.0%+20,847
Empowered Funds, LLC360,592$2.3M0.0%+39,000
Millennium Management LLC333,190$2.1M0.0%+83,150
Jpmorgan Chase & Co280,682$1.7M0.0%+3,466
First Trust Advisors LP180,984$1.1M0.0%New
Quadrature Capital Ltd160,292$1.0M0.0%−15,306
Jump Financial, LLC126,998$793.7K0.0%−249,837
Squarepoint Ops LLC92,661$579.1K0.0%New
BlackRock, Inc.92,309$576.9K0.0%−59,840
Jane Street Group, LLC89,358$558.5K0.0%−137,840
Goldman Sachs Group Inc72,144$450.9K0.0%−3,005
Susquehanna Portfolio Strategies, LLC70,461$440.4K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Gran Tierra Energy is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGRAN TIERRA ENERGY INC.2
  • CIK0001273441
  • Employer ID (EIN)98-047992488
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company88
  • Incorporated inDelaware88
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address500 Centre Street Se, Calgary, A0 T2G 1A62
  • Phone(403) 265-32212
  • Shares outstanding35,380,429 as of Jul 31, 202616
  • Public float$139.3M as of Jun 30, 202588
  • AuditorKPMG LLP, Calgary, Canada PCAOB ID 85; it also attests to the company’s internal control over financial reporting88
  • On EDGAR sinceDec 31, 20032
  • Filings2,325 in all: 4 (1,485), 8-K (298), 10-Q (59), 4/A (52), 3 (49), CORRESP (39), UPLOAD (35), SC 13G/A (33)2
    All 60 form types

    DEFA14A (26), 8-K/A (25), DEF 14A (20), 10-K (19), SB-2/A (14), ARS (13), SC 13G (13), EFFECT (11), 424B3 (10), SCHEDULE 13G/A (10), 425 (8), 10QSB (6), POS AM (6), S-1/A (6), 10KSB/A (5), DFAN14A (5), SC 13D/A (5), 10-K/A (4), 10-Q/A (4), PRE 14A (4), S-3 (4), S-8 (4), SCHEDULE 13D/A (4), 10KSB (3), REGDEX (3), S-3ASR (3), SB-2 (3), SCHEDULE 13G (3), SD (3), 10QSB/A (2), 424B5 (2), DEFM14A (2), NT 10-Q (2), PREM14A (2), PRER14A (2), REGDEX/A (2), S-3/A (2), 3/A (1), 5 (1), 8-A12B (1), 8-A12B/A (1), 8-A12G (1), ARS/A (1), CERTAMX (1), FWP (1), RW (1), S-1 (1), SC 13D (1), SC TO-C (1), SC TO-I (1), SC TO-I/A (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 4, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Mar 17, 2026
    Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareGTENYSE American

From the cover page of the 10-K filed Mar 4, 2026 (Section 12(b) of the Exchange Act).88

Risk factors and legal proceedings

The risks Gran Tierra Energy names in Item 1A of its 10-K filed Mar 4, 2026: 28 risks under these headings, as written.88

  • Risks Related to our Business
  • Prices and markets for oil and natural gas are unpredictable and tend to fluctuate significantly, which could cause temporary suspension of production and reduce our value
  • Estimates of oil and natural gas reserves may be inaccurate and our actual revenues may be lower than estimated
  • Unless we are able to replace our reserves and production, and develop and manage oil and natural gas reserves and production on an economically viable basis, our financial condition and results of operations will be adversely impacted
  • Exploration for oil and natural gas, and development of new formations, is risky
  • Drilling activities may encounter sour gas
  • Possible shortage of fresh water and surface and groundwater licenses
  • Crown land tenure obligations, interpretations and freehold offset royalty obligations
  • Unforeseen title defects
  • Indigenous rights and stakeholder opposition in Canada
  • Restrictions on development activities to protect wildlife
  • Joint Venture partner alignment
The other 20 risks
  • We are vulnerable to risks associated with geographically concentrated operations
  • Social disruptions or community disputes in Colombia and Ecuador may delay production and result in lost revenue
  • Security concerns in Colombia, Ecuador or Azerbaijan may disrupt our operations
  • A substantial portion of our revenue is generated outside of Canada and the United States, and if we determine to, or are required to, repatriate earnings from foreign jurisdictions, we could be subject to taxes
  • Certain acquisitions could adversely affect our financial results
  • The threat and impact of cybersecurity incidents may adversely impact our operations and could result in information theft, data corruption, operational disruption, and/or financial loss
  • We may be adversely affected by global epidemics or public health crises
  • Risks Related to our Financial Condition
  • Our business requires significant capital expenditures, and we may not have the resources necessary to fund these expenditures
  • Public and investor sentiment towards climate change, fossil fuels and other sustainability and human capital matters could adversely affect our cost of capital and the price of our common stock
  • Anti-greenwashing rules introduce risk into making certain environmental-related disclosures
  • Foreign currency exchange rate volatility may affect our financial results
  • Legal and Regulatory Risks
  • We are dependent on obtaining and maintaining permits and licenses from various governmental authorities
  • Environmental regulation and risks may adversely affect our business
  • We may be exposed to liabilities under anti-bribery laws and a finding that we violated these laws could have a material adverse effect on our business
  • If the United States imposes sanctions on Colombia, Ecuador or Canada in the future, our business may be adversely affected
  • Regulations related to emissions and the impact of any changes in climate could adversely impact our business, including demand for our products, our financial condition and results of operations
  • Reduction, elimination or expiration of government subsidies
  • Carbon taxes and environmental compliance costs
  • Risks Related to Ownership of our Common Stock
  • Shares of our Common Stock are listed on the NYSE American, the Toronto Stock Exchange (“TSX”) and the London Stock Exchange (“LSE”) and investors seeking to take advantage of price differences between such markets may create unexpected volatility in market prices
  • The market price of our Common Stock may be volatile

Legal proceedings

We have several lawsuits and claims pending. The outcome of the lawsuits and disputes cannot be predicted with certainty. We believe the resolution of these matters would not have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows. We record costs as they are incurred or become probable and determinable.

The opening of Item 3, Legal Proceedings.88

Sources

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  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88