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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
Post by realrateon Mar 14, 2015 6:00pm
98 Views
Post# 23521707

This is not new news

This is not new newsNot sure why this is a big deal, the market was pricing this in as they were already going to loose the field in 2016, their may have been upside to a renegotiation but this news is not new news... All models, i just checked RBC and BMO sell side and they have already built in loosing the Rubiales field as per the contract end. They have attributed a value of 4cents in their Pnavs... which means that there is actually no real value attributed to Rubiales field since the market is well aware of the loss of this field. 
Bullboard Posts