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Frontera Energy ( (TSE:FEC) ) has shared an update.
Frontera Energy’s Colombian subsidiary has entered into a new $120 million prepayment and commercial agreement with Chevron, under which it will receive an initial $80 million advance and may draw an additional $40 million, in exchange for committing a portion of its crude oil deliveries over two years. The facility, priced at SOFR plus 4.25% with a six‑month grace period before repayments begin, is intended to bolster Frontera’s working capital and liquidity and will replace an existing prepayment agreement set to expire at the end of January 2026, providing continued financing flexibility for the company’s South American operations.
The most recent analyst rating on (TSE:FEC) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Frontera Energy stock, see the TSE:FEC Stock Forecast page.
Spark’s Take on TSE:FEC Stock
According to Spark, TipRanks’ AI Analyst, TSE:FEC is a Neutral.
Frontera Energy’s overall stock score reflects significant financial challenges, with declining revenue and profitability being the most impactful factors. Technical analysis provides some support with mixed signals, while valuation remains a concern due to negative earnings. The attractive dividend yield offers some compensation for the risks involved.
To see Spark’s full report on TSE:FEC stock, click here.
More about Frontera Energy
Frontera Energy Corporation is a Canadian public oil and gas company focused on the exploration, development, production, transportation, storage and sale of crude oil and natural gas in South America. The company holds interests in 20 exploration and production blocks in Colombia and Guyana, along with pipeline and port infrastructure in Colombia, and its shares trade on the Toronto Stock Exchange under the symbol FEC.
YTD Price Performance: -27.36%
Average Trading Volume: 38,443
Technical Sentiment Signal: Sell
Current Market Cap: C$421.5M
Find detailed analytics on FEC stock on TipRanks’ Stock Analysis page.