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GTE - Gran Tierra suspends sale of of ~218M shares in PetroTal
Gran Tierra Energy Inc.
Gran Tierra Energy's (GTE) wholly owned subsidiary Gran Tierra Resources Ltd. ((GRTL)) has terminated the purchase agreement with Remus Horizons regarding the proposed sale of 218,012,500 common shares in the capital of PetroTal Corp. As of market close on January 15, 2021, the 246,100,000 shares of PetroTal owned by GTRL had a market value of ~$56M.Long Player provides a Neutral analysis on GTE in his article, "Gran Tierra Energy: Mr. Market Went Overboard Again" at Seeking Alpha.