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Why Is Gran Tierra Energy Stock Soaring Wednesday?

BenzingaLekha Gupta

Gran Tierra Energy stock soars premarket after reporting Q2 revenue beat and a $1.33B South American oil asset sale.

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    Gran Tierra Energy Inc. Announces Consent Solicitation for Senior Secured Amortizing Notes due 2031

    Gran Tierra Energy Inc. is conducting a consent solicitation from holders of its 9.750% Senior Secured Amortizing Notes due 2031 to approve amendments to the indenture related to its previously announced sale of Colombia and Ecuador operations to Maurel & Prom for $1.33 billion. The proposed amendments would enable the note assumption by the purchaser, update accounting standards, and classify certain acquisitions as permitted investments. Consenting noteholders will receive $2.50 per $1,000 in principal amount upon closing of the sale.

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    Gran Tierra Energy (GTE) Q2 2026 Earnings Call

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