Parex Resources (TSX:PXT) owns 2.6 million acres in Colombia. View real-time stock prices and stock quotes for a full financial overview.

Frontera's also focuses on the shallow fields production unit, basin edge play unit, shale gas play unit and taribani field unit. Stock analysis for Frontera Energy Corp (FEC:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Free trial . Parex has some particularly low expenses compared to its peers. Frontera Energy Corporation provides oilfield services. Real-Time news about Frontera Res (London Stock Exchange): 0 recent articles. Frontera emerged from the bankruptcy restructuring of Pacific Exploration & Production in 2016. Toronto, Ontario--(Newsfile Corp. - November 27, 2020) - CGX Energy Inc. ("" or "the ") and Frontera Energy Corporation (TSX: FEC) (""), the joint venture partners (the "")announce that their constructive and collaborative discussions with the Government of Guyana have been concluded with respect to the Corentyne block with a rescheduling of the Joint Venture's work commitments regarding its Petroleum Prospecting License for the Corentyne Block offshore Guyana. Should You Buy Aphria (TSX:APHA) After Its Recent Pullback? Frontera's activities are focused on the exploration and development of the geographic area associated with Block 12 in Georgia. A combination of rising North American inventories, lack of storage capacity, and a massive demand shock were responsible. After deducting Frontera’s long-term debt, leases, and asset retirement obligations, it has a net asset value of $13.63 per share. Frontera Energy Corporation explores for, develops, and produces crude oil and natural gas in South America. Frontera Energy Corporation stock research in summary. While the short-term outlook for oil prices is poor, recent lows have created an opportunity to acquire quality TSX-listed oil stocks at extremely attractive valuations. CGX Announces Rescheduling of Work Commitments in Corentyne Block, Guyana, Rescheduling of Work Commitments in Corentyne Block, Guyana. That none was ever classed as reserves suggests not. We will contrast the two businesses based on the strength of their valuation, profitability, dividends, analyst recommendations, institutional ownership, earnings and risk. - PR Newswire - PRF - Fri Nov 27, 7:30AM CST. Clearly, that will not occur in the current environment. Even after accounting for sharply weaker oil, Parex’s production will be cash flow positive because of those low costs and its ability to access premium Brent prices. Parex and Frontera will emerge from the current oil crisis in solid shape. This is just over three times greater than Frontera’s current share price, emphasizing why now is the time to buy, with considerable capital gains ahead once oil recovers. Contact us if you would like research on this stock. The Company is committed to working hand in hand with all its stakeholders to conduct business in a socially and environmentally responsible manner. Find the latest FRONTERA ENERGY CORPORATION (FEC.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. Frontera like its peers has slashed spending in response to the coronavirus pandemic and the latest oil price collapse. Despite the sharp reduction in spending and shuttering of uneconomic wells, Frontera expects annual average oil production to fall by a mere 8% compared to its original forecast to 55,000 to 60,000 barrels daily. Revealed: The Top Canadian Bank Stocks for 2021 and Beyond, 3 Small-Cap Canadian Stocks That Can Deliver Superior Returns in 2021, Fear or Greed? Frontera Energy Corporation shares are cheaper than other comparable stocks. In the current harsh operating environment, Frontera will cease paying its dividend. The North American West Texas Intermediate (WTI) benchmark price recently made history, falling to a record low of negative US$37 per barrel. One oil stock that stands out is Frontera Energy (TSX:FEC). In 2015, Frontera announced that they had discovered 3.8 trillion cubic metres of gas in Kakheti Region, eastern Georgia. In the former Soviet state of Georgia, Houston-based Frontera Resources has been drilling for oil and gas for more than two decades. They are good alternative stock investment opportunities to consider: Large companies - similar industry as Frontera Energy Corporation Fool contributor Matt Smith has no position in any of the stocks mentioned. Gran Tierra Energy is an independent international energy company focused on oil and natural gas exploration and production in Colombia and … That makes them extremely attractively valued contrarian plays at this time. Frontera Resources Share Chat. Those robust numbers highlight that Frontera is well positioned to weather the latest oil price collapse. Price movement based on the high, low and last over the given period. Analyst Ratings and Earnings Estimates are provided by Zacks Investment Research. Which emerged from the bankruptcy restructuring of Pacific exploration and production company in! April 2020, it had total proved plus probable reserves of 157.7 million,. Rebounds and oil prices along with prominent broad-based Russia-focused ETFs by Zacks Investment research with $ million!, 2019, it had total proved plus probable reserves of 157.7 million barrels, which emerged the... Its Share price has declined by a whopping 60 % for the year to date Copyright 2021 Globe! 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