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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

Post by liquorwolfon Jan 31, 2022 7:55pm
223 Views
Post# 34382558

Congratulations to all of those involved in the campaign

Congratulations to all of those involved in the campaignThe results will becoming in sometime by the end of Feb, including the well costs. As mentioned, CGX is in need of cash to pay their share. But as I said before, their benefactor will provide the funds for CGX shares. The question when finalized will be how much of a percent does FEC own of CGX. I estimate somewhere in the 90% plus range. This will cap the price of CGX because FEC would then be in no hurry to make an offer for the remaining 10%. You see what I am getting at here. I would expect both to turn higher tomorrow, but FEC will bolt ahead more so. Remember, CGX can't monetize their share because FEC controls them. Look at the market caps, they don't make sense. You see what I am getting at here. If CGX's market cap is almost 1 billion, then FEC should be at the least $1.5 billion. So I see a 50% upside on FEC, but no more than 20% on CGX. Of course, bit gushers on the next two wells can up the ante. As usual, comments welcome. 
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