Frontera — Let's Be Realistic
Even building in a generous value for Guyana prospects, compared to peers, Frontera equity feels very fairly valued.
The next big possible discovery in the offshore world lies unsurprisingly in Guyana — where just south of the infamous Stabroek block, operated by ExxonMobil, is the Corentyne block, controlled by a joint-venture partnership between CGX Energy, and Frontera Energy. Both companies have long and storied histories, from CGX’s military confrontations with the Surinamese, to Frontera’s (formerly Petro Rubiales) accusations of using paramilitary forces to threaten and displace Colombian settlers native to the areas where they wanted to explore and develop the resource. These two companies, intertwined with each other, have connections to notably unsavoury people, have had affiliates accused of bribing the US government, and in some cases, been accused of assaulting union leaders and activists which threatened to impede their operations in any way.
I am going to show you what a deep dive is, a truly unbiased evaluation of the company, and their prospects from the top down. I love the energy …