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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 Sep 27, 2023 8:12am
132 Views
Post# 35656351

RE:RE:RE:RE:SEC Filings for Catalyst

RE:RE:RE:RE:SEC Filings for CatalystI think it highly unlikely if not impossible. With so many moving parts, a traditional sale will be extremely complex.  Catalyst controls about 42% of FEC shares in one (Fund 5) or two of their limited partnership funds. The majority of the investors in their funds are not in Canada, but the US. For some reason, pension funds seem to be the largest fund holders of Fund 5 which I think most if not all of the FEC shares are held. I highly doubt that Catalyst would recently file for Investment advisor status with the SEC if going private was in their plans. I also doubt they would have recently broken up FEC into 3 sellable parts, if they were going to try and take FEC private.

It would be far easier, with FEC owning outright over 75%, for FEC to take CGX private but I doubt that happens.  

Here is a brochure updated this month, filed with the SEC that is more or less a prospectus on the Catalyst Funds and how they are paid etc.

crd_iapd_Brochure.aspx (sec.gov)


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