Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Kika2016on Apr 01, 2016 9:23pm
285 Views
Post# 24722697

This one is most interesting-7 offers including Alfa

This one is most interesting-7 offers including Alfahttps://translate.google.ca/translate?hl=en&sl=es&u=https://dataifx.com/noticias/acciones-colombia/articulo-25497-pacific-no-desmiente-que-mexicana-alfa-quiera-comprarla&prev=search


Mexican Pacific does not deny that wants to buy Alfa

 
Canadian oil company Pacific Exploration waylaid him to the published information indicating that apparently the Mexican firm Alfa would be interested in buying it again. 

Pacific highlighted by statement: "Pacific Exploration & Production Corp., (hereinafter" PREC "or the" Company "), on the occasion of reports made in various media, through which said among other things that the" Mexican Conglomerate Alfa would make new bid for Canadian oil company Pacific ", the Company reiterates that along with its advisors, is evaluating several proposals, in order to strengthen the capital structure of the Company. There is no guarantee that any of the proposals is accepted or implemented. the company disclose relevant information in a timely manner and in accordance with the laws applicable securities public market. " 

Worth ruled that market analysts consulted DATAiFX which confirmed that the upward movement of Pacific title is explained by the rumor purchase of Canadian oil. 

The analyst and creator of the firm Rate Investment Camilo Silva, said that the rise in share price is mainly explained by a story that appeared in an international environment in which it is noted that the Mexican company Alfa would be interested again in acquiring the Canadian oil. He also noted that in addition to the Alfa there are seven other offers more to stay with the company. 

Meanwhile, the independent analyst Jarek Duque, joined the chorus of Silva, noted that "after Bloomberg report on a new proposal for purchase by Alpha Mexican, who as the oil had rejected last year. according to the news agency, this new proposal could give support O'Hara Administration, Pacific principal investor and one of the opponents sale. this new proposal includes a loan of US $ 500 million that do not fall anything wrong Pacific if we consider that this week again failed to comply with the payment of interest to your debt. " 

Finally, the action of the oil in the Colombia Stock Exchange (BVC) closed at $ 3,385, up 70.53%.
Bullboard Posts