Bullboard - Stock Discussion Forum 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... see more

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TSX:FEC - Post Discussion

Frontera Energy Corp > Rando Thoughts

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Post by SportyJ on May 11, 2023 6:13pm

Rando Thoughts

$650m usd current mkt cap @ $7.60 per share. 42k boe/d. Midstream upside. Upstream upside Puerto Bahia upside. 93% effective interest in Corentyne blk Guyana upside. 77% effective interest in the Bernice deep water port Guyana upside. Discovery at Kawa-1 & oil shows already in the ongoing Wei-1 well Guyana upside. Good balance sheet with $2 usd per share in cash and manageable LT debt ($500m) as of the end of Q1 2023. Company clearly for sale (all or part) upside. Downside: Colombia geo political risk.

I dunno but unless the facts change, it going to be impossible for me not to buy more.

All imo & glta

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