Gran Tierra Energy Inc (GTE)

[MuskVoice]

We entered into Brent oil hedges on 15,000 barrels per day during the first half of 2021 with a weighted average floor of $45 and a ceiling of $51.38 to provide downside protection since 70% to 80% of the company's 2021 capital investment is projected to occur during the first half of 2021.

Gran Tierra has 7,000 barrels a day hedged for the second half of 2021 with a weighted average floor of $55.75 per barrel and a ceiling of $63.18.

With increasing production and a lower percentage hedged in the second half of 2021 allows us to continue to lock in higher prices at levels we did not anticipate even a few months ago and participate in potentially much higher commodity prices.

https://seekingalpha.com/article/4409119-gran-tierra-energy-inc-gte-ceo-gary-guidry-on-q4-2020-results-earnings-call-transcript