Frontera Energy Corp T.FEC

Trades by House since 4/11/23

[kcac1]

The current drop in price started on 4/11, here are the house trades by net sellers. Other than zero buys by Morgan, nothing really stands out to me, but with so many share traded anonymously there is no telling who is doing what, meaning as usual, we retail suckers are last to know.  Anyone see anything of value here to indicate why the big share price drop?

House Positions for C:FEC from 20230411 to 20230511

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
222 JP Morgan	0			357,470	4,801,047	13.431	-357,470	4,801,047
53 Morgan Stanley	564,953	7,694,624	13.62	655,602	8,711,211	13.287	-90,649	1,016,587
79 CIBC	984,555	12,373,853	12.568	1,061,182	12,929,282	12.184	-76,627	555,429
7 TD Sec	71,309	860,945	12.073	94,042	1,143,995	12.165	-22,733	283,050
14 Virtu ITG	52,672	647,338	12.29	66,082	846,393	12.808	-13,410	199,055
5 Citadel	25,899	313,674	12.111	36,829	446,154	12.114	-10,930	132,480
15 UBS	3,000	35,243	11.748	10,400	125,030	12.022	-7,400	89,787
89 Raymond James	2,425	29,495	12.163	9,644	125,156	12.978	-7,219	95,661
39 Merrill Lynch	109,883	1,334,276	12.143	115,675	1,453,218	12.563	-5,792	118,942
83 Research Cap	0			4,600	47,203	10.262	-4,600	47,203
143 Pershing	9,641	130,704	13.557	10,933	147,198	13.464	-1,292	16,494
33 Canaccord	126,499	1,652,555	13.064	127,323	1,601,968	12.582	-824	-50,587
2 RBC	297,733	3,424,490	11.502	298,295	3,574,224	11.982	-562	149,734
90 Barclays	4,644	55,404	11.93	5,101	67,062	13.147	-457	11,658
55 Velocity	35	455	13.00	35	461	13.171	0	6
84 ITG84	684	8,925	13.048	49	683	13.939	635	-8,242
57 Interactive	24,002	299,192	12.465	23,287	300,776	12.916	715	1,584
19 Desjardins	5,159	64,444	12.492	4,008	51,033	12.733	1,151	-13,411
13 Instinet	38,082	474,580	12.462	35,617	442,009	12.41	2,465	-32,571
88 Credential	5,973	73,420	12.292	1,200	12,546	10.455	4,773	-60,874
48 Laurentian	10,000	118,313	11.831	0			10,000	-118,313
22 Fidelity	15,450	190,580	12.335	3,400	34,057	10.017	12,050	-156,523
9 BMO Nesbitt	82,811	1,003,929	12.123	70,381	952,598	13.535	12,430	-51,331
80 National Bank	59,461	712,217	11.978	35,908	454,646	12.661	23,553	-257,571
124 Questrade	34,482	413,147	11.982	7,997	106,981	13.378	26,485	-306,166
1 Anonymous	1,662,753	20,368,715	12.25	1,572,412	19,124,445	12.162	90,341	-1,244,270
65 Goldman	239,271	2,734,504	11.428	118,619	1,476,003	12.443	120,652	-1,258,501
85 Scotia	384,986	5,062,680	13.15	90,271	1,102,336	12.211	294,715	-3,960,344
TOTAL	4,816,362	60,077,702	12.474	4,816,362	60,077,715	12.474	0	13

 

 

[Kelvin]

Maybe they had problems kicking off the cement plug. I don't know, but it happens all of the time for a variety of reasons. Something that may cost $300,000 on land to resolve turns into millions on a deepwater well because of the much higher spreadsheet cost per day. And the deeper the depth, the longer it takes to resolve a given problem on any well. It must take them close to a day just for

[jello65]

Catalyst Capital owns 4% of FEC)

[Taal17]

Try 41%of Fec

[jello65]

??

[Kelvin]

I thought that Catalyst Capital owned almost 40% of fec. Can't remember where I read that. True or not true? Anyway they don't care about mm manipulations. They know what they have.

[jello65]

Sorry!!

[a2bman]

Looks like JP was one position liquidating. probably high net worth individual. but need to see the trades, could have been mm or funds too.  Theres patterns in the trades, funds usually cross big positions. The rest of the big ones look like crosses. So funds wanted out some wanted in but they'll negotiate a good price for coming in now hence the decline in SP. IMO there's always

[kcac1]

I am in agreement with you, I can only pick up individual trades by the day. So, I picked the highest volume day in the 3 month chart and it was 820k shares traded on 5/4/23 to see who may have traded some large blocks to create that far higher than normal volume.. To me, this is very strange. On that date, there were 3881 trades. Here are the individual trades with the highest volume at the top

[Kelvin]

My opinion is that because both cgx and fec have only so much cash then sp will be directly related to the projected well costs. And well costs will be directly related to hole problems. Geez just to time drill off of a plug in order to sidetrack takes over a day sometimes. What's that? Over a million dollars. And if they have to "dress" the plug first (google it), then that's

[Kelvin]

Yee haw, here we go! If they run and cement casing to TD then a bunch of us are buying!!!!