RE:U have another look John Doe Frank007 wrote: Cpg has 6.4x as many shares as Frontera ...cpg gets payed in wcs pricing for it oil frontera gets Brent pricing ....@ 41,000 per day cash flow is the same ...yet the Guyana assets look to be a huge find ....makes it a 10 bagger in my books ....I have cpg wcp ,cve ..Eog ...Tve and cj ...I just have 10% in for the mad money ..ll
Your previous post said they have 3x the cash flow of CPG. They don't. Q1 they had a net loss. CPG posted 95 cents a share in adjusted funds flow in Q1.
Frontera has 400M in debt, produces 41,000 a day and has pretty much no hope to bring the Guyana find into production without massive dilution because offshore isn't cheap. As it is, their interest is 79% in that find. What we have is two pipsqueak sized companies that have found 77 feet of pay offshore Guyana without the ability to bring that find into production. And they have no leverage either to negotiate with the big boys