Buy Frontera Energy Shares

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How COVID-19 has impacted Frontera Energy and measures they’ve taken as a business to combat it. Read on below.

Frontera Energy Shares

Our aim is to help you buy Frontera Energy shares armed with as much research and information as possible.

Below we’ve aggregated up to date information on Frontera Energy including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Frontera Energy shares.

About Frontera Energy

Frontera Energy was established in 2009 and is a Toronto Canada based public company that deals with exploration and production of crude oil and natural gas. They primarily operate in northern South America. It previously operated under the names of Pacific Rubiales Energy Corp. from 1982 to 2015 and as Pacific Exploration and Production from 2015 to 2017.

It restructured in 2017 and now operates under the name Frontera Energy. It sells on the Toronto Stock Exchange as symbol FEO.

Following the restructuring the major shareholder is Catalyst Capital Group. Other shareholders include creditors who financed the restructuring and other creditors. Richard Herbert is the current CEO.

How Coronavirus has impacted Frontera Energy's share price

Coronavirus has had an economic impact on crude oil prices and demand worldwide and many petroleum-related companies have felt the impact in lower futures pricing.

The demand for crude oil and gasoline is decreasing with the impact of social distancing.

march 23RD

The COVID-19 pandemic has impacted the oil industry with an oversupply resulting in lower prices. With that in view, Fontera Energy has implemented plans to accelerate cost savings measures. This will include a reduction in the senior and executive team.

In addition the company will reduce capital expenditures. It also plans to close wells that are not cost effective and will continue to observe and react to conditions to maximize cash flow.

APRIL 23rd

Frontera announced its annual shareholders’ meeting to be held on Wednesday, May 20, 2020. With governmental restrictions and a concern for interpersonal contact, it is expected that only a few senior management and directors will physically attend the meeting. However, arrangements have been made for a live telecast and webcast of the meeting. Voting and proxy voting instructions have been sent to the shareholders.

On May 6, Frontera is expected to release its first quarter results. The next day investors’ conferences will be held to further discuss the impact of the results on the company.

How to buy Frontera Energy shares

It’s a very simple and straightforward process to getting started and owning a share of Frontera Energy. Our step by step guide below will show you just how easy.

1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).

2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.

3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.

4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.

5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.

And that’s it, you’re now a shareholder. Congratulations!

Always remember that the value of your investments can go down as well as up. There’s a chance you may end up with less than you begin with. Capital is at risk.

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