SCHEDULE: Encompass Capital Divests Entire Gran Tierra Energy Stake

Sentiment:

Beneficial Ownership Report Amendment 14 November 2025 4:15 PM

Encompass Capital Advisors LLC and related entities report zero beneficial ownership in Gran Tierra Energy Inc. common stock.

Worse than expectedEncompass Capital Advisors LLC and related entities have reduced their beneficial ownership in Gran Tierra Energy Inc. to 0 shares, representing a complete divestment of their stake. This is generally viewed as a negative signal for the issuer's stock.

Summary

Encompass Capital Advisors LLC, Todd J. Kantor, and Encompass Capital Partners LLC have filed an Amendment No. 2 to their Schedule 13G.
The reporting persons now beneficially own 0 shares of Gran Tierra Energy Inc. common stock, representing 0.00% of the class of securities.
This filing indicates a complete divestment of their previously reported stake in Gran Tierra Energy Inc.

Sentiment

Score: 3

Explanation: The complete divestment by a significant institutional investor is generally a negative signal for the issuer, indicating a lack of confidence or a strategic shift away from the company.

Negatives

Encompass Capital Advisors LLC, Todd J. Kantor, and Encompass Capital Partners LLC no longer hold any beneficial ownership in Gran Tierra Energy Inc.
The aggregate amount beneficially owned by each reporting person is 0 shares, representing 0.00% of the class.

Future Outlook

Industry Context

This filing reflects a change in institutional investor holdings, which can sometimes signal shifts in investor sentiment towards the energy sector or specific companies like Gran Tierra Energy Inc., an oil and gas exploration and production company. A complete divestment by an institutional investor may prompt other market participants to re-evaluate their positions.

Stakeholder Impact

Shareholders may react negatively to the news of a significant institutional investor divesting its entire stake, potentially leading to downward pressure on the stock price.

Key Dates

Date	Description
09/30/2025	Date of event which requires the filing of this statement.
11/14/2025	Signature date for Encompass Capital Advisors LLC, Todd J. Kantor, and Encompass Capital Partners LLC.
11/14/2025	Date of Joint Filing Agreement.

Recommendation

sell

The complete divestment by Encompass Capital Advisors LLC and its affiliates, reducing their beneficial ownership to zero, signals a strong lack of confidence from a sophisticated institutional investor. This action suggests that the reporting persons no longer see value or growth potential in Gran Tierra Energy Inc. and could prompt other investors to re-evaluate their positions, potentially leading to downward pressure on the stock. While this filing doesn't provide specific reasons for the divestment, such a move by a significant holder is typically a bearish indicator.

Keywords

Gran Tierra Energy, Encompass Capital Advisors, Schedule 13G, Beneficial Ownership, Common Stock, Divestment, Institutional Ownership, SEC Filing

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