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.

TSX:FEC - Post by User

Frontera Energy Corp > So I did some digging, Frank007 might be correct!!!!

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Comment by waitingstillon Sep 28, 2024 12:47am

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Post# 36245102

RE:RE:So I did some digging, Frank007 might be correct!!!!

I think you are missing Frank's point. He is saying that CC will bail and not tender any shares. He believes that FEC already has a deal and CC knows this. By not tendering any shares they will have a larger portion of the company when the deal goes through.

For me, I think CC needs money. This way they won't have to pay taxes as I believe they probably paid more than $12 for their shares. If a dividend was provided I believe they would have to pay taxes.

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