Frontera Energy Corp T.FEC

Frontera Energy Bonds

[garguello97]

What do you all think about their '28 bond? I find it very attractive at the yield is giving. Does anyone think they might default?

[Frank007]

Zero chance of a default ...book value without the Guyana assets is $29 us per share ....very little debt to equity ration ...lowest in the energy industry ...

[garguello97]

Yeah thats what i thought, what worries me is the reserve life and government actions which might lead them to overspending in other areas that might not result great. But as you said their debt to equity is very healthy.

[Frank007]

This one big con game ....I will bet you they have the farm down ...!    The Jagdooe ...cr....pp is to help get you out ...and the canceling of the ncib...to put in another $4 above should tell you something about the poker hand they are playing .!

[Kelvin]

Yeah Frank and Kcac put a high market value on the port in Cartagena which makes sense. Deep water port on the Caribbean/Atlantic side of the Panama Canal.  Frank figures with book value (the money left over if they dissollved the company, sold all assets and paid off all liabilities) would be about $29 per share. Part of those liabilities are the bonds that they have issued. So they'd