Why These Energy Stocks Are Gaining This Week

4. Gran Tierra Energy Inc. (NYSE:GTE)

Share Price Gains Between June 11 – June 18: 18.18%

Ranked 4th on our list of Energy Stocks that are Gaining This Week is Gran Tierra Energy Inc. (NYSE:GTE), an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador.

Gran Tierra Energy Inc. (NYSE:GTE) surged this week after Equinox Partners Investment Management LLC, a major shareholder, notably increased its stake in the company. Moreover, GTE has also reported transactions involving the acquisition of common shares by its directors and key managerial personnel through the Employee Share Savings Plan, further restoring investor confidence in the company.

Earlier this month, Gran Tierra Energy Inc. (NYSE:GTE) also signed an agreement to sell its wholly-owned subsidiary, Gran Tierra North Sea Limited, to NEO Energy for $7.5 million. The strategic move is aimed at focusing on core operations in Canada, Colombia, and Ecuador.