Post AST5bkYxALLN4tzVPk by SovereignMan@bitcoinhackers.org
 (DIR) More posts by SovereignMan@bitcoinhackers.org
 (DIR) Post #AST5bQ7dADbXgN3P3A by SovereignMan@bitcoinhackers.org
       2023-02-08T11:31:00Z
       
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       Frontera Energy $FEC.TO $FECCF ; - Producing 38-40k+ boe/d in Colombia (taking into account recent disruptions) - E&P in Ecuador - Owns a deep water port in Colombia the Chinese would love - Just bought back 5% of shares - Two hedge funds open to deals own 50%+ 1/3
       
 (DIR) Post #AST5bgJYxceju0l9s0 by SovereignMan@bitcoinhackers.org
       2023-02-08T11:31:03Z
       
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       - $250 million in cash - EV/EBITDA ~ 1.6 - ~$575 million EBITDA @ $90 oil Then the kicker; Frontera owns 92% of Corentyne block in offshore Guyana, drilling in water sandwiched between $XOM's Stabroek (11 BBOe & rising) and $APA's Block 58 in Suriname (6 BBOe & rising).2/3
       
 (DIR) Post #AST5bkYxALLN4tzVPk by SovereignMan@bitcoinhackers.org
       2023-02-08T11:31:04Z
       
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       Geopolitical risk of Colombia is seeing its valuation languish (like $EC and other players), but its call option on a probable massive Guyana discovery is being completely ignored.That's the asymmetry I like in an investment. Happy to keep accumulating while they drill.3/3