TSX:FEC Forum Post | kcac1-36212092 | How Microsoft's new AI feature explains this deal?

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.

Sporty and others, this free AI feature of microsoft nickname copilot sure saves time. Everything below is written in 5 secs by only asking a detailed question about what pro rata means in stock repurchases and what is FEC's deal.

The only thing about this deal, not mentioned is Catalyst and Gramercy reserve the right to back out of the repurchase deal at any time for any reason. (maybe they know it will be worth more than $12C soon) So, if they back out and others sell their shares, Frank would be right, all along, they are shaking us out of our shares and the Vulture Capitalist will gain a higher percent of ownership thus the ownership structure would not reman the same. Both would own a higher % of the company than they currently have. Everything in blue is normally a link to where Microsoft got their info in seconds, just click on it.

"In the context of stock repurchases, “pro rata” means that the repurchase is conducted in proportion to each shareholder’s current ownership. Essentially, if a company decides to buy back its shares on a pro rata basis, it offers to repurchase the same percentage of shares from each shareholder.

For example, if a company wants to repurchase 10% of its outstanding shares, each shareholder would have the opportunity to sell back 10% of their shares to the company ¹. This ensures that the ownership structure remains relatively unchanged, as all shareholders are treated equally in the repurchase process.

Frontera Energy Corporation recently announced a substantial issuer bid to repurchase up to 3,375,000 shares, which represents about 4% of its share capital ¹ ². The shares will be bought back at a price of CAD$12 per share, totaling CAD$40.5 million ². This repurchase is set to begin on September 11, 2024, and will remain open until October 17, 2024 ¹.

The repurchase will be conducted on a pro rata basis, meaning each shareholder will have the opportunity to sell back a proportionate amount of their shares ². This move is part of Frontera’s strategy to return capital to shareholders and maximize shareholder value ¹.

Is there anything specific you’d like to know more about regarding this repurchase?"