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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 Zoolanders21on Mar 19, 2016 4:08am
303 Views
Post# 24678450

RE:Something potentially positive

RE:Something potentially positiveI haven't chimed in yet, been letting this all settle in. I think the release is actually good news. With all the sh it hitting the fan lately with the missed bond payments etc.. a quarterly loss of $0.63 per share is actually a sigh of relief. It is at the bottom end but at least within the analysts range. It could of been much much worse. The key in this is 1) production is up and this is a catalyst because we are losing the Rubiales field in June, and 2) Cash on hand end of year is decent at + $340 million, Based on the perception of where we are at it should have been a lot worse. I am predicting a strong open Monday with a rally back up to the $0.85 mark. Other heavily indebted oil comapnies like BTE have reacted similarily + 20% to lack lustre earnings for Q4. I just hope they don't dilute us to death and we can salvage something moving forward. With Ohara and Alpha at the table I think this will happen. If you have free money to take a chance monday none better than this play IMO. GL to all the longs Zoo
Bullboard Posts