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Frontera Energy Corp T.FEC

Alternate Symbol(s):  FECCF

Frontera Energy Corporation is a Canada-based oil and gas company. The Company is involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 27 exploration and production blocks in Colombia, Ecuador, and Guyana, and pipeline and port facilities in Colombia. The Company’s segments include Colombia, Ecuador, Guyana, Midstream Colombia, and Canada & Others. Colombia includes all upstream business activities of exploration and production in Colombia. Ecuador includes all upstream business activities of exploration and production in Ecuador. Guyana includes exploration and infrastructure. Midstream Colombia includes the Company’s investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.


TSX:FEC - Post by User

Bullboard Posts
Comment by Zoolanders21on May 08, 2016 11:15am
196 Views
Post# 24851841

RE:Shareholders are Stakeholders

RE:Shareholders are StakeholdersNot to mention that they did not follow through with their plan to weather the low oil price environment by selling non core assets. This was communicated to shareholders through multiple company quarterly reports yet not carried out. That could easily have kept the company current and paid all debt for over 2 years.But they chose the option to preserve those assets for their benefit (the co-chairmen and management) in a restructured company wiping out shareholders. A judge cannot neglect considering this inherent conflict of interest. Expecially when there were also restructuring deals in place that preserved some shareholder value. It is not that simple Businessclass.  
Bullboard Posts