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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 Atonon Oct 07, 2024 3:31am
107 Views
Post# 36255561

Great returns, Sharebacks + dividends

Great returns, Sharebacks + dividends
Why not just buy shares over the market like all others do when reducing the float? This "overprice" angers a lot of shareholders. Anyway, from 2022 to 2024 they will buy and reduce the float with around 6,5 million shares not bad for a 84 million total number of shares company.  
 
So aggressive share buyback in combination with approx $0,25 dividend (3%) is just great. Does anybody know why some people tell false stories about losing the Guyana license? The government seems to have great confidence and trust in CGX and Frontera. Is it just shorters or broken and crazy personalities?
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