- Frontera has a well established footprint in Colombia and is exploring in Ecuador. It replaced 1P reserves by 105% in 2021.
- It owns 80% of CGX Energy which is exploring offshore Guyana with a successful test at Kawa#1.
- Frontera is cash flow positive at $70 Brent, has strong balance sheet, and repurchasing common stock.
- We think investors with a moderate risk tolerance may find this company to be of interest for growth, and eventual significant shareholder returns.
For further details see:
Frontera Energy Corp: An Under-Valued Canadian E&P With A South American Focus