Frontera Market CapGo look at their history for the last 5 yrs... this company is a complete joke on so many levels and they have delivered absolutely no shareholder value for anyone unfortunate enough to have been connected to them. Like seriously, almost any other investment in the oil patch would have yielded a more fruitful return.... share growth, dividends, special dividends, etc.... instead, Frontera's greatest claim is doing share buybacks and seeing their share price (and thus market cap) go down in the process. Truly a special bunch.
Hell, go look at since Jan 1.. the share price is only up 4%... and this is with brent crude up over 30% in that same time. Almost every other oil company is skyrocketing in this same time frame and yet Frontera trades like a joke.
This, in a nutshell, is why CGX languishes. A loser for a parent company and baffons who oversee business decisions in both companies. Its truly pathetic.
Again, I feel sorry for the Guyana government and having to deal with these jokers. Corentyne for any competent company would be a literal gold mine... opportunities of a lifetime... especially with all the success in Suriname Block 58 and adjacent Stabroek to build on. Instead, both CGX and Frontera languish like a bunch of weirdos and have screwed up every possible opportunity they have been given.
Shame they don't have yearly awards for management teams classified as "worst in class"... I know a couple folks who would be front in line for that award.