Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Frontera Energy ( (TSE:FEC) ) has provided an announcement.
Frontera Energy Corporation announced the preliminary results of its substantial issuer bid, where it aimed to repurchase up to CAD$42 million of its outstanding common shares at CAD$12.00 per share. The offer was oversubscribed, with approximately 73.18 million shares tendered, resulting in shareholders having about 4.78% of their tendered shares purchased. This move is expected to reduce the number of issued and outstanding shares to approximately 77.29 million, reflecting Frontera’s strategy to manage its capital structure effectively.
More about Frontera Energy
Frontera Energy Corporation is a company in the energy sector, primarily involved in the production and exploration of oil and gas. It focuses on the development and acquisition of assets in Latin America, aiming to expand its market presence and enhance its operational capabilities.
YTD Price Performance: -0.13%
Average Trading Volume: 24,865
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $473.4M
For detailed information about FEC stock, go to TipRanks’ Stock Analysis page.
