Frontera Energy (TSE:FEC) has released an update.
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Frontera Energy Corporation has launched a significant share buyback program, offering to purchase up to 3.5 million shares at CAD$12.00 each, amounting to CAD$42 million. This move is part of Frontera’s strategy to return capital to shareholders, totaling over US$83 million in 2024 through dividends and buybacks. The company aims to maximize shareholder value by utilizing available cash on hand for the buyback.
For further insights into TSE:FEC stock, check out TipRanks’ Stock Analysis page.