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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 kcac1on Jun 03, 2024 9:51pm
167 Views
Post# 36070414

Who is the most famous Corporate Raider

Who is the most famous Corporate RaiderJMO-But I think de Alba wants to be a modern day Corporate raider like Ichan was 3 to 4 decades back. He clearly has set up the company for asset stripping. I hope he wants to use FEC as a model to illustrate to his Billionaire partners how they could take over much larger distressed companies and asset strip making far more $, much faster than rebuilding a troubled company.

In fact, it would benefit de Alba to keep the share price low by doing nothing, not even the customary Corporate website presentation, to promote Frontera while having almost a complete news blackout. Thus, if he is able to sell all 4 major pieces of the company for 4 or 5 times current share price, he looks like the next Carl Icahn. 


The most famous corporate raider known for breaking up companies and selling their parts is Carl Icahn. He developed a reputation as a ruthless corporate raider after his hostile takeover of Trans World Airlines (TWA) in 1985. The result of that takeover was Icahn systematically selling TWA’s assets to repay the debt he used to purchase the company, a process described as "asset stripping"1.


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