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Stock Market & Financial Investment News

News Breaks
July 1, 2014
17:59 EDTGTEGran Tierra COO Shane O’Leary to retire, Duncan Nightingale to succeed
In a regulatory filing, Gran Tierra announced that Shane O’Leary, COO of Gran Tierra Energy, informed the board of Gran Tierra Energy of his definitive determination to retire. Gran Tierra Energy and O’Leary currently expect that O’Leary will cease to be COO on September 1, that his retirement date will be October 1, and that O’Leary will continue as a consultant to Gran Tierra Energy from October 1 to December 31, pursuant to a consulting agreement to be negotiated. The consulting agreement will contain an option to extend the consulting period for a period not to exceed three months upon the mutual agreement of the parties. Effective on the date O’Leary ceases to be COO, Duncan Nightingale, president of Gran Tierra Energy Colombia will become Gran Tierra Energy’s COO. It is currently contemplated that Nightingale will cease to be president of Gran Tierra Energy Colombia on August 1, to allow him to prepare for the role of COO.
News For GTE From The Last 14 Days
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January 26, 2015
10:00 EDTGTEOn The Fly: Analyst Downgrade Summary
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06:16 EDTGTEGran Tierra downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Gran Tierra to Neutral following disappointing well results at Bretana Sur and lower commodity price forecasts. Price target cut to $3 from $5.
January 21, 2015
10:01 EDTGTEOn The Fly: Analyst Downgrade Summary
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09:08 EDTGTEGran Tierra downgraded to Sector Perform from Outperform at Scotia Capital
07:55 EDTGTEGran Tierra upgraded to Buy at Canaccord
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06:32 EDTGTEGran Tierra downgraded to Neutral from Overweight at HSBC
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06:17 EDTGTEGran Tierra upgraded to Buy from Hold at Canaccord
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January 20, 2015
09:09 EDTGTEGran Tierra reports 2014 production from continuing ops averaged 25,200 BOEPD
Gran Tierra Energy reports oil and natural gas production from continuing operations averaged approximately 25,200 barrels of oil equivalent per day gross working interest in 2014, or approximately 19,300 BOEPD net after royalties before adjustment for inventory changes and losses, or approximately 18,500 BOEPD NAR adjusted for inventory changes and losses. Approximately 99% of the 2014 production is oil, with the balance consisting of natural gas.
January 16, 2015
11:31 EDTGTEGran Tierra upgraded to Buy from Hold at Canaccord
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