Frontera Energy Corp T.FEC

3 Questions?

[kcac1]

1. If FEC is sold as is, with the CGX shares part of the deal, and CGX kept a going concern but a subsidiary as it is now, could the $100's of millions deferred tax credits for exploration eventually be used by the new owner?

2. If FEC is sold as is, with the CGX shares as part of the deal would their old concession agreement and terms apply to the new owner if CGX is kept a going concern but a subsidary?

3. If FEC is sold as is, with the CGX shares as part of the deal and that FEC sale and terms are announced before any Wei well or basin news, how would the value of CGX shares be determined the day of that news? In that case, I could see FEC shares rising far more than CGX shares % wise.

  
Here is an answer to a question I recently asked Fluids Doc that may be of interest.

"@KCAC135 thanks for the kind words. I'll do a little spit-ballin here. A lot of variables have to come together in either scenario. My guess if XOM is involved the sale of Frontera would be in a stock swap with a litte cash. It would certainly behoove someone making a move to do it before details on the Wei are disclosed. Any deal for FEC will of course include CGX. It will all become obvious soon. Cheers

[Kelvin]

Kcac1, bte over 10 million shares traded today. Most Canadian oil&gas of comparable market cap to fec in the millions of shares traded. Oyl, fec in the tens of thousands. Investors are steering clear of these 2 companies for some reason. Fear of 3rd world plays? Probably. Both oyl and fec have a serious problem in gaining investor confidence. I don't know how they can change that. But lack

[kcac1]

My reason for buying is it is almost a given that the 2 vulture capitalists funds that control over 50% of FEC shares want/need to cash out.  They both have been in this play for 8 years or more which is far longer than their business models hold times.  It has nothing to do with oil savvy, it is will a major company buy FEC who is controlling about 92% overall of a primo concession, in

[Kelvin]

Nothing to do with oil savvy? The potential buyers are oil savvy. Where are they? Why is bid interest so low? 

[Kelvin]

Personally I think that the big fish are just waiting for fec/cgx to crash and burn. Distressed companies. XOM will come in like a whale to swallow them up at a steep discount in the spirit of XOM's founder John D Rockefeller. The big fish eat the little fish.

[Kelvin]

The FOMO pumpers got everybody believing that the majors are chomping at the bit to get a piece of Corentyne. Ok but why don't we see it in the sp and volume. Oh forgot. Waiting on lab results. Lab results of what? Stuff that they already know? Really and trully SMH!