RE:RE:Catalyst Cashing Out?Frank, I think they are too far along in the global public sales process plus far too complicated with so many companies/countries involved to take private. Your $40 a share implies a market cap of just under $3.5Bil U$. That seems a little steep with current market cap around $540mm. I would be very happy with $23.45 U$ as that would be a sale for about $2Bil. I think Puerto Bahia, now a standalone, with almost no debt and being the most modern large port in Columbia, able to on/off load 2 of the largest ships made at once is surely worth $1Bil now with a 2 way pipeline being built to a refinery. It would easily cost a $Bil+ to build a Puerto Bahia in Guyana and I don't think they have nearly enough property but that likely could be solved with $$. Also, is the Guyana port wide/deep enough for the Suez Super tankers as Puerto Bahia is? Isn't it pretty far upstream from open water?.
Frontera Columbia with their low cost 40k+boe/d and their pipeline ownership even with debt should surely be worth another $Bil to one of the Colombian companies like PXT or GeoPark, who FEC already is in JV's with.
The wild card, is what is now standalone, Frontera Guyana, with no debt, worth?
What is completely baffling to me, after the very informative and detailed Investment day presentation, really building up FEC in Nov of 2022, they completely stopped all but absolutely mandatory news and have done Zero to promote or present the company to investors. Wouldn't it be much easier to sell a company for $2Bil, if its market cap was already in excess of $1Bil?. Can anyone explain why they might be doing this almost complete blackout now which is going into the 18th month?