CGXEF - Frontera Energy: The Guessing Game Continues
2024-03-22 07:06:04 ET
Summary
- Frontera Energy's business has been put on hold to focus on the potential in Guyana, causing the stock to trade on Guyana prospects.
- Management provided little information on the Guyana Project in the latest earnings report. Therefore, the stock continues to stay put.
- The strategic alternatives process for the Guyana project is highly speculative and unlikely to result in significant financial gains for the average investor.
- The latest conference call added no new information other than presentations have been made to interested parties.
- This is not a situation that follows industry practices. Therefore, the risk of excessive dilution is much too high for me. This is a very speculative (at best) idea.
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Frontera Energy: The Guessing Game Continues