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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

Comment by SportyJon Jan 24, 2023 6:34pm
52 Views
Post# 35243628

RE:RE:RE:Anyone know what happened with the Shell Well?

RE:RE:RE:Anyone know what happened with the Shell Well?
Kcac, I've been fortunate in my life to actually stand on a few rig floors (onshore) and it's hard to properly describe how a hole gets drilled. Its anything but glamorous. The iron, bha, steel, chains, rotary table, drill pipe, bits, weight, brakes, bop, elevator, blocks, mud etc and then you throw in people; it's really incredible. No one that knows anything about o&g drilling is blaming Shell, Cgx or Noble for the rig delay. And as far as Shell, well they are a really big major and I've always thought they are watching corentyne developments and has some relationship with our JV even if it's only limited to communicating about rig transfers. As far as daily moves in sp, that's for retail daytraders. I hear about the low cgx float and yet it seems there are 70 million cgx shares in retail hands. Doesn't seem low to me. For over 20 years Cgx is a cash poor penny stock that seems to move on the emotions of retail daytraders. Cgx used to have 67% corentyne now 32%.  It's a real interest in a very desired guyana play. Can cgx sp go way up like it did with Kawa results, yeah I guess it could. But it will always come back to fundamentals and Fec has essentially 92ish% of corentyne and lots of other good income producing assets. That's why I have a high conviction in FEC. Most want to believe in a $1 lottery ticket turning into $10 rather than investing in a $9 stock turning into $18 or 28 or 38 or 48. I'm not bashing Cgx (I own it), I'm just saying I'm much more comfortable with a larger % invested in FEC. All imo and let's gooooo Wei-1
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