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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

Comment by liquorwolfon Feb 01, 2022 6:40am
91 Views
Post# 34383349

RE:What happens Next?

RE:What happens Next?  CGX is devoid of funds, their bankroller FEC has kept them alive up to now. But the Kawa-1 game changer has thrown a wrench into the mix. Hundreds of millions are now needed to develop the play, plus future drilling. FEC is a liquid cash machine for the time being. With all that being said I am of the opinion that FEC will make an offer for the remaining shares of CGX that they don't own. Most probably at a nominal amount above the current price. The only situation to stop this is the government of Guyana to step in. They can readily due this becuase of the incestual relationship with CGX. But Guayana knows what is good for them is good for CGX. In the long run I can see FEC moving into the $20-40 dollar range. We have a $4 billion company here. Bring it on baby.  
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