Frontera Energy: Round 2 Success Chances
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Long PlayerInvesting Group LeaderFollow5ShareSavePlay(8min)CommentsSummaryFrontera Energy (FECCF) faces heightened investment risk due to management's loss of offshore Guyana leases.Management's handling of Guyana distinguishes FECCF negatively from peers.Prioritizing stock buybacks over debt reduction amid negative operating cash flow comparisons increases financial risk.FECCF's announced infrastructure spinoff aims to unlock value.The impairment involved in the loss of Guyana leases to me demonstrates a major management weakness. Funtay/iStock via Getty Images The last article written about Frontera Energy (FECCF) noted that the company lost control of the offshore Guyana leases in the eyes of the government. While management noted that the government decision would likelyThis article was written byLong Player24.84K FollowersFollowLong Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA. He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.Analyst’s Disclosure:I/we have a beneficial long position in the shares of AOIFF MUR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I may invest in TTE without further notice. Disclosure: I am not an investment advisor, and this article is not meant to be a recommendation of the purchase or sale of stock. Investors are advised to review all company documents and press releases to see if the company fits their own investment qualifications I may initiate a position in TTE without further disclosure.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.