Frontera Energy Corp T.FEC

Alternate Symbol(s): FECCF

Energy Oil & Gas E&P

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.

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Frontera Energy Corp > What do you guys think of this deal?

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Comment by CPFStocks1on Sep 05, 2024 9:37pm

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Post# 36211052

RE:RE:What do you guys think of this deal?

Frontera will pay the Purchase Price of CAD$12.00per Share for each validly deposited Share taken up by the Company up to a maximum of 3,375,000 Shares, for an aggregate purchase price not exceeding CAD$40,500,000 (equivalent to US$30,000,000).

I wonder how this will really work, do they set a buy limit at $12 and buy back every share from the current $8+ up to $12 to a maximum of 3,375,000 shares, this way they will probably pay less than 1/2 of the $40,500,000 for these shares, or are they going to pay $12 for each share.

Based on the highlighted part I believe their idea is to get the best price and if they get the quantity of shares they want, the price they pay may never get to $12.