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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 PeaPickeron Jun 10, 2015 11:08am
152 Views
Post# 23815633

I will vote NO!

I will vote NO!I will vote against the $6.50 deal I have said so since it was announced and I am not going to cave in right now. I bought in at just below $3.00 so I have no problem accepting the $6.50 in line with my investment I will make money either way. But my reason for voting NO is that I see more value in PRE over time. If PRE is so bad without the Rubiales Field then why would ALFA want to buy PRE only to cover their early investment in PRE at $20? That makes no sence. They want PRE for the OIL and the oil they will be producing. The price of oil is most likely going to rebound sooner than later. So PRE Value once oil is at $70 do the math. 

I can afford to hold and I can sell right now as well and still make a good deal for my investment.
But I rather wait and let all parts play out their cards.
Bullboard Posts