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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 Dell1on Mar 29, 2016 9:02pm
138 Views
Post# 24709239

Is it Time for Pacific Exploration and Production to ....

Is it Time for Pacific Exploration and Production to ....

Latest article on Pacific, not that positive

It gives too much credit to EIG ......
 

As a result, Pacific Exploration has already breached a number of its financial covenants and has elected to defer US$66 million in interest payments in the hope that it could restructure its debt in order to survive. It placed itself on the market and is considering buyout offers;EIG Global Energy Partners offered US$4.1 billion for its senior bonds.

However, EIG has withdrawn that offer because of growing concerns over the outlook for crude and Pacific Exploration’s deteriorating financial condition.

Now with the clock fast running out on the grace period for the US$66 million interest payment, bondholders could agree to give Pacific Exploration more time to negotiate a deal, but they could also demand immediate payment and force the company into bankruptcy.

https://www.fool.ca/2016/03/28/is-it-time-for-pacific-exploration-and-production-to-turn-off-the-lights/
 

Bullboard Posts