Peter Dey Announces Retirement from Gran Tierra's Board of Directors
CALGARY, Alberta, June 20, 2025 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. ('Gran Tierra' or the 'Company') (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that, for personal reasons, Peter Dey will be stepping down from the Board of Gran Tierra at the end of June 2025. Peter has agreed to make himself available to consult with the Board as required until the end of 2025 while a search is conducted for a replacement director.
'On behalf of the Board of Directors of Gran Tierra, I want to thank Peter for his leadership and guidance since 2015,' said Bob Hodgins, Chairman of Gran Tierra Energy Inc.
'We have worked with Peter for almost 15 years across multiple companies and continents. Peter is a distinguished expert in board governance, and his broad commercial background and strategic input have been instrumental in navigating a volatile and evolving industry,' said Gary Guidry, CEO of Gran Tierra Energy Inc.
About Gran Tierra Energy Inc.
Gran Tierra Energy Inc., together with its subsidiaries, is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company's portfolio. The Company's common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Except to the extent expressly stated otherwise, information on the Company's website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221.
Gran Tierra's filings with the U.S. Securities and Exchange Commission (the 'SEC') are available on the SEC website at http://www.sec.gov. The Company's Canadian securities regulatory filings are available on SEDAR+ at http://www.sedarplus.ca and UK regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Contact Information
For investor and media inquiries please contact:
Gary GuidryPresident & Chief Executive Officer
Ryan EllsonExecutive Vice President & Chief Financial Officer+1-403-265-3221info@grantierra.comSign in to access your portfolio
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Jay Peak GM Calls Impact of Canadian Tariffs "Catastrophic"
Earlier this week, the United States Senate convened a forum amongst the Senate Financial Committee, and others, on the impacts of tariffs and the current administration's trade war on business, manufacturing, farming, and the tourism industry. Vermont Senator Peter Welch, who is a member of the Senate Finance Committee welcomed General Manager Steve Wright of Vermont's Jay Peak to the forum to speak on the economic impacts and cultural harm as a result of the administration's new policies. Wright's opening statement provided a stark look into how the ski area and its local economy, which sits just south of the Canadian border, has already seen dramatic impacts of the tariffs imposed by the administration. Wright cited that the ski area itself is a $70M business that's been around for 60 years, and was once even owned by a Canadian company. The towns that are closest to the ski area, Newport and Jay, are home to less than 5,000 and 550 full-time residents respectively. On any given busy day at the ski resort, the population of Jay, VT can increase to more than 10,000 people, 50% of whom are Canadian visitors traveling from towns like Toronto, Montreal, and several of the eastern townships. Due to both a close proximity and relationship with the neighboring country, Wright noted policies that had been put in place many years prior at the resort that allowed Canadians to use the Canadian dollar on products like lift tickets, entry to the water park, for golf rounds. Depending on the current status of the dollar and Canadian dollar, that's meant that a discount of around 20-35% at any given time. "Our french fries come with American gravy and Canadian cheese curds and the resort consumes equal parts Budweiser and Molson," said Wright, in a lighthearted emphasis of his to watch the full speech below. Keep reading for to keep up with the best stories and photos in skiing? Subscribe to the new Powder To The People newsletter for weekly updates. Wright continued by saying that Jay Peak and the state of Vermont are forecasting a 'potentially catastrophic amount of trouble' as it pertained to Canadians citizens unwillingness to visit the state for the 'indeterminate future.' He also touched on the increased costs of bringing in necessary operating equipment for the resort as a result of the tariffs. Located within Vermont's Northeast Kingdom, Jay Peak is the state's chief supplier of state and local taxes as well as more than 1,500 employment opportunities for Vermont's workforce, not to mention the most snow in eastern North America over the past winter, stated Wright. Despite these metrics, the ski area has already seen a massive decrease in Canadian visitorship. The 2026 fiscal year season pass sales has already seen a reduction of 35% by Canadian passholders. Wright recalled personally calling more than 150 Canadian households over the past two weeks. "They cite the Presidential Administration's flagrant disrespect of Canadian independence and not only a challenge to Canadian sovereignty but their own identity and they feel the need to respond," said Wright, summarizing the common sentiments of these phone calls. One family told him they were not sure when they'd return to Jay Peak, if ever. Beyond just Jay Peak, the 50,000 yearly Canadian visitors inject $150M into Vermont's economy annually, a number that has already seen suffering as a result of the tariffs. Wright closes his statement by noting the optimism required to work in the ski industry, one that is based largely on remote locations, fickle weather, and a lack of affordable housing. "The very last thing we need added to our plates is the President's anti-Canadian being driven by this administration that is neither grounded in logic nor supported by facts. It is my hope that ultimately cooler and more logical heads will prevail, but we have not seen much in the way of cool, and logic appears to be roughly five months out the proverbial window," said Wright. Jay Peak is not the only voice in the ski and outdoor industry to speak out about the affects of these tariffs. Earlier this week, women's ski and mountain bike brand, Wild Rye, opened to public investors as a way to bridge the financial gap needed to move product production out of China, as a result of the tariffs. On May 5th, Black Diamond reported a 15-25% raise in prices as a result of the tariffs. Many more brands and ski areas have waited in hesitation to see how these tariffs will continue to impact an already precarious industry following the COVID pandemic and in the face of climate change. Vermont skiers and ski areas are no strangers to standing up to this administration. Wright's statement further exemplifies that just because an office in the ski industry might look a little different than one in the White House, it's doesn't mean they aren't prepared to suit up and fight Peak GM Calls Impact of Canadian Tariffs "Catastrophic" first appeared on Powder on Jun 12, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Serica Energy's (LON:SQZ) Dividend Will Be $0.10
The board of Serica Energy plc (LON:SQZ) has announced that it will pay a dividend on the 25th of July, with investors receiving $0.10 per share. This means the annual payment is 10.0% of the current stock price, which is above the average for the industry. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Serica Energy's stock price has increased by 45% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Based on the last payment, the company wasn't making enough to cover what it was paying to shareholders. This situation certainly isn't ideal, and could place significant strain on the balance sheet if it continues. Looking forward, earnings per share is forecast to fall by 85.3% over the next year. If the dividend continues along the path it has been on recently, the company could be paying out more than double what it is earning, which is definitely a bit high to be sustainable going forward. Check out our latest analysis for Serica Energy Even in its relatively short history, the company has reduced the dividend at least once. Due to this, we are a little bit cautious about the dividend consistency over a full economic cycle. The dividend has gone from an annual total of $0.0369 in 2020 to the most recent total annual payment of $0.242. This works out to be a compound annual growth rate (CAGR) of approximately 46% a year over that time. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Over the past five years, it looks as though Serica Energy's EPS has declined at around 5.9% a year. Declining earnings will inevitably lead to the company paying a lower dividend in line with lower profits. Overall, the dividend looks like it may have been a bit high, which explains why it has now been cut. The company isn't making enough to be paying as much as it is, and the other factors don't look particularly promising either. Considering all of these factors, we wouldn't rely on this dividend if we wanted to live on the income. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've picked out 2 warning signs for Serica Energy that investors should know about before committing capital to this stock. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
5 hours ago
- Yahoo
Why Income Investors Turn to EPD When the Market Sours
Enterprise Products Partners L.P. (NYSE:EPD) is one of the best dividend stocks for a bear market. Energy plays such a critical role in the global economy that demand tends to stay strong regardless of market fluctuations. As a result, Enterprise Products Partners L.P. (NYSE:EPD) enjoys stable cash flows, which allow it to maintain and steadily grow its generous distribution. In fact, the company has raised its payout every year for 27 years straight. Aerial view of a refinery tower surrounded by the sprawling landscape of pipelines in an oil & gas midstream facility. Its healthy cash position also supports the sustainability of these dividends going forward. Enterprise Products Partners L.P. (NYSE:EPD) has around $6 billion worth of organic growth projects set to come online this year, expected to start contributing to cash flow. In the latest quarter, it generated $2.1 billion in operating cash flow and reported $1.05 billion in free cash flow. While the distribution is a major draw, it's not the only factor behind the company's strong returns. Growing global demand for US hydrocarbons, especially natural gas liquids, has also been a significant tailwind. In addition, Enterprise Products Partners L.P. (NYSE:EPD) offers an attractive dividend yield of 6.85%, as of June 17. The company currently offers a quarterly dividend of $0.535 per share. Enterprise Products Partners L.P. (NYSE:EPD) is a major midstream energy company in North America that offers a range of services, including the transportation, storage, processing, and marketing of natural gas, natural gas liquids (NGLs), crude oil, refined fuels, and petrochemicals. While we acknowledge the potential of EPD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
