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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 ChupacabraBuenoon Feb 26, 2014 3:11pm
188 Views
Post# 22255133

RE:Wow.....

RE:Wow.....
It looks like it could more accurately be described as mucho (not a little) insider selling. And by a single director with about 8 million of about 320 million. That's enough to move the price.

So you are right - something is going on, and it's not just a little insider selling. You're probably right again that "we will be the last to know".

But perhaps you'd like to hear something positive - I think many on this BB are long and would like to see some upside. I see the good news as the fact that just one director is selling, he has already sold the largest portion of his shares, and there's plenty of dry powder left in the normal course issuer bid.

In fact, if I were less jaded, I'd be tempted to think that management is deliberately allowing this 1 director to bid down the price before they step in with the NCIB in order to scoop up shares at a price that benefits remaining shareholders. But that's muy loco!   

   
Bullboard Posts