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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 Zoolanders21on Jan 14, 2016 5:40pm
383 Views
Post# 24459827

Restructuring

RestructuringThis is probably a corrupt plan between Pacific management and Alfa/Harbour to off load the debt for pennies to ensure the long term profitability of the company. Then Habour and managment do a debt for equity swap which means dilution. Now I would support that if it were anyone but Harbour. It would ensure that we have a $10 stock when oil prices return to $80, not $20+ again unfortunately but we would take it. However ... in that scenario Harbour/Alfa will then probably control the company and can squeeze the rest of us out while oil is at the bottom. Ohara and Bentancourt will get screwed like the rest of us unless he steps up and makes an offer for the company. Will be interesting to see how this unfolds. GL Zoo
Bullboard Posts