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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 kcac1on Jan 15, 2023 5:37am
110 Views
Post# 35224035

RE:RE:What happens to OYL shares if FEC is sold intact after Wei?

RE:RE:What happens to OYL shares if FEC is sold intact after Wei?My less than .02 is in this case, unlike many, I think the value of FEC is worth more than the sum the parts. At last count, 2 hedge funds own close to 50% of FEC and de Alba is running the show for Catalyst Capital's Be$t Intere$t. I think big $uccess on the well, with proper testing this time willl end up with serious thought of de Alba and company just ridding themselves of the entire FEC package and also ridding themselves of one time consuiming headache of a number of troubled companies they have an interest in.are are trying to keep afloat.   As mention,ed I think the big modern port, so close to the Panama Canal that is hidden inside of FEC is of a big interest to China. The port being build in Guyana will be  worth peanuts compared to Puerta Bahai which is owned by a subsiary of FEC where they own about 94% of the shares, this like FEC's pipelines are subsidiaries and not 100% controlled and have different names....if sold to the most logical buiyer it seems to me to be CNOOC. I see these subsidiares remaing subsidiaries.  I just do not see how a value of CGX is determined.  If Wei is a duster, FEC takes a big hit but CGX is totally broke and now worth ????  FEC still has substantial free cash flow from their operations.  I just see a Chinease company in a now socialist leaning Colombia being a better in country fit than a Canaidan company run aby Canadian  Venture Capitalist Hedge Fund.
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